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Submitted URL: http://dapp.usecyan.com/
Effective URL: https://usecyan.com/
Submission: On September 20 via api from US — Scanned from DE
Effective URL: https://usecyan.com/
Submission: On September 20 via api from US — Scanned from DE
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You need to enable JavaScript to run this app. ShopBorrowLendAccount / 0 pts. Cyan Points Pending pts.0 Points0 Connect Wallet Buy NFTs Now, Pay Later Cyan is the Buy Now, Pay Later service for the metaverse, and over 2.5K+ users have done $15.1M in loan volume. NFT LoansNFT Loan PricerShop BargainsConnect Wallet Collections available on Cyan TrendingBlue ChipsArtworkGameFiPFPsMembershipAll / NFT Collections Floor Price 24h 7d 24h Volume Volume Change Buy Now Buy Now price is an estimate based on a floor price NFT for a 3-month, 25% down payment loan. No collections found Buy NFTs and finance them with loansBuy, loan and stake with NFTs Get started Test Drive Download the Cyan browser extension Buy Now, Pay Later NFTs Finance the purchase of an NFT with only 25% down today.Shop NFT Loans Get instant loans against your NFT with up to 75% LTV.Loans ApeStaking Stake with your ape or $APE, even during financing.Staking Earn Stake ETH, WETH, USDC or MATIC and earn.Vaults Build with Cyan Add BNPL or Instant Loans to your marketplace.SDK + API Test drive the Cyan Wallet Backed by the Best Frequenty Asked Questions WHAT IS BUY NOW, PAY LATER FOR NFTS? Buy Now Pay Later (BNPL) is a way of financing an item. Klarna, Affirm, and Afterpay provide BNPL to existing e-commerce websites. BNPL works by breaking up the price into many installment payments. So instead of paying for an NFT all at once on OpenSea, only an initial down payment is necessary. Make four payments in three months on Cyan instead of one large payment on OpenSea. HOW DOES CYAN HELP FINANCE THE PURCHASE OF NFTS? Cyan is a DeFi protocol that matches users with NFT leverage and those looking for yield by staking Ethereum into Cyan Vaults. When users start a new BNPL plan, they make a down payment of 25% and borrow the rest to buy the NFT. This is a 75% LTV, with which the underlying NFT purchased becomes the collateral for the loan. Cyan Vaults have claims against the purchased NFT in the event of a default. WHAT IS AN NFT LOAN, AND HOW DOES IT WORK? An NFT Loan is when you use an NFT as collateral to borrow ETH, WETH, USDC, MATIC, or other cryptocurrencies. On Cyan, we offer up to six-month loans against your NFT, with installments paid back every 31 days. You are now able to borrow up to 66% of the appraised value of your NFT. We also offer shorter durations, such as 24-hour flash loans or 7-day weekly loans. WHAT HAPPENS IF I DON’T MAKE A PAYMENT? In a missed payment, the underlying NFT moves to the respective Cyan Vault. For example, in a BNPL default, the purchased NFT moves into a Cyan Vault. The NFT liquidation process begins by listing the NFT in open markets. We are currently building a grace period into the protocol to allow for late payments. HOW DO YOU DETERMINE THE INTEREST RATE FOR BNPL OR NFT LOANS? Cyan’s risk engine will appraise every NFT requested and provide an interest rate. We’ve identified over 150 characteristics to measure. The major criteria are the creditworthiness of the user and the quality of the NFT. Trailing volume, volatility, depth of markets, number of transactions, stability of the community, and dispersion of ownership are some of the characteristics which determine the quality of an NFT. IS THERE A TOKEN, AND IF ONE DOESN’T EXIST, WEN TOKEN? Currently, a token does not exist. Similar protocols have issued tokens, and we've seen them become distractions or harm the community. A token must enhance the protocol instead of a means for capital or value extraction. There is no definitive date for issuing tokens, but it is always under review. LATEST FROM CYAN INTRODUCING AUTOMATIC LIQ... September 12th, 2024 HYPERLIQUID: A BOLD LEAP ... August 13th, 2024 TON: THE SHOCKINGLY IGNOR... August 2nd, 2024 REMARKABLE NFTS: REVOLUTI... July 19th, 2024 STAY UPDATEDJoin our mailing list to stay in the loop with our newest feature releases, NFT drops, and tips and tricks for navigating Cyan. Sign up FOLLOW CYAN The world’s first Buy Now, Pay Later digital marketplace for crypto collectibles and non-fungible tokens (NFTs). Pay later, stake, and collateralize your digital items. Marketplace Art Blue Chip Gaming Memberships PFPs Resources Articles Customer Support Partners Developers Resources Articles Customer Support Partners Developers Learn What is an NFT Marketplace? How to buy NFTs in Cyan's NFT Marketplace? How to identify a safe NFT Marketplace? What Makes Cyan the Best NFT Marketplace? Company Team Audits Affiliates Contact us © 2021 - 2024 | CyanTerms of Service Audited by Days Running safe: 87324h/Loans: 224h/Volume: $2,810.73Total Loans: $15.1MTVL: $1.9METH/USD: $2,455.92 Gas: 6 gwei Ethereum Gas Tracker ActionAverage Cyan Pay NFT$3.88 Make loan payment$1.69 Stake into vault$1.87 Official Etherscan Gas Tracker