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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.
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Buy Now price is an estimate based on a floor price NFT for a 3-month, 25% down
payment loan.

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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
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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.

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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