Gondi created a private loan for PUNKS tokens ahead of the 16 CryptoPunks auction. It was done so Gfunk (a Gondi Advisor) could borrow ETH against PUNKS tokens. The collateral used included tokens from the PUNKS staking contract. This enabled Gfunk to get funds to run up the bid.

AUCTION-0.2%
ETH-1.93%
GET6.38%
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WhaleStalkervip
· 07-31 19:32
They started to hustle again.
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SurvivorshipBiasvip
· 07-31 01:32
Crazy killing, this funding leverage is played smoothly.
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PumpingCroissantvip
· 07-29 04:49
It's the old trick of borrowing new debt to pay off old debt.
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GateUser-bd883c58vip
· 07-29 04:48
Someone is hyping up punk again.
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RektButAlivevip
· 07-29 04:47
buy the dip
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BearMarketBardvip
· 07-29 04:37
Leveraging again to play.
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