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Gondor enables you to leverage your existing Polymarket positions or open new leveraged ones.

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How it works

  1. Choose the position you want to leverage You can convert your spot Polymarket position into an isolated margin position with up to 2× leverage.
  2. Set the number of shares and the leverage multiple The selected shares are transferred from Polymarket into Gondor and appear as collateral.
  3. Wait while your order is fulfilled To reach the requested leverage, Gondor automatically loops the position by:
    • Borrowing against your deposited shares
    • Buying additional shares
    • Borrowing again
    • Repeating this process until the target leverage multiple is reached
  4. Exit your position To close a leveraged position, Gondor sells all the collateral shares, repays the outstanding loan, and sends the remaining amount to your associated Polymarket account.

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Leveraging USDC

If you do not already hold the underlying shares, you can open a leveraged position using USDC. The process is identical, except Gondor first buys the initial shares using the USDC you deposit before looping the position.

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Liquidation threshold

The liquidation threshold is 77%. At 2x leverage, the position will be liquidated once the collateral value falls by approximately 35%.

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Example

  • Deposit 1,000 shares worth $0.60 each
  • Borrow and loop until an additional 1,000 shares are acquired
  • LTV becomes 50% with a $600 outstanding loan and 2,000 shares as collateral
  • If the price falls by ~35% to $0.39
  • The position is liquidated

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Early closure

Certain time-sensitive markets, such as elections, can become more volatile as they approach resolution. For these markets, Gondor applies an Early closure mechanism. Beginning 7 days before resolution, the liquidation threshold decreases linearly from 77% to 0% by the time the market resolves. This results in gradual liquidation of positions, repayment of outstanding loans, and return of any remaining collateral to the borrower. You can check whether early closure applies to a specific market in the Market overview. Users with open positions on such markets will be notified in advance.