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Submission: On November 15 via api from US — Scanned from DE
Effective URL: https://www.usecyan.com/
Submission: On November 15 via api from US — Scanned from DE
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CYAN Docs Team Twitter Discord YouTube Articles Launch App BUY NOWPAY LATER THE FIRST BUY NOW PAY LATER SERVICE (BNPL) FOR NFTS. PUT 25% DOWN ON THE TOTAL AMOUNT OF AN NFT PLUS INTEREST, AND OWN THE NFT TODAY. Get startedAdd to Chrome BUY NOWPAY LATERFOR NFTS Get started * COOL CATS #864 BUY ON BLUR: 0.8996 ETH BUY WITH CYAN: 0.25 ETH * BORED APE YACHT CLUB #2495 BUY ON BLUR: 29.39 ETH BUY WITH CYAN: 7.95 ETH * DOODLES ORIGINAL COLLECTION #8125 BUY ON BLUR: 2.139 ETH BUY WITH CYAN: 0.58 ETH * AZUKI #4942 BUY ON BLUR: 5.899999 ETH BUY WITH CYAN: 1.60 ETH * COOL CATS #864 BUY ON BLUR: 0.8996 ETH BUY WITH CYAN: 0.25 ETH * BORED APE YACHT CLUB #2495 BUY ON BLUR: 29.39 ETH BUY WITH CYAN: 7.95 ETH INVESTORS INVESTORS GET YOUR NFT NOW WITH ONE DOWN PAYMENT, YOU CAN OWN YOUR FAVORITE NFTS TODAY. How to buy NFTs How to buy NFTs Read on how to stake and earn STAKE WITH NFTS AS YOU PAY OFF YOUR NFT, YOU CAN USE YOUR NFT TO STAKE FOR AIRDROPS. Read on how to stake and earn INSTANT NFT LOANS INSTANTLY GET YOUR NFT APPRAISED, AND BORROW ETHEREUM ON THE SPOT. Learn how to get an NFT Loan Learn how to get an NFT Loan Learn how Cyan Vaults work EARN YIELD ON ETHEREUM IF YOU PREFER TO GET YIELD ON YOUR ETH, STAKE IN OUR VAULTS. WE HAVE DIFFERENT FLAVORS FOR ALL CATEGORIES OF NFTS. Learn how Cyan Vaults work CHROME EXTENSION AN EASY WAY TO FINANCE NFT PURCHASES NATIVELY ON ALL MAJOR MARKETPLACES. Download the Cyan Extension Download the Cyan Extension Go shopping now OPENSEA LOOKSRARE X2Y2 SUDOSWAP RESERVOIR NFTX MARKETPLACE SUPPORT CYAN SUPPORTS BNPL FOR NFT ON SEVERAL MARKETPLACES. ON AVERAGE, WE ADD A PARTNER ONCE EVERY MONTH. Go shopping now DEVELOPERS REJOICE INTEGRATE WITH CYAN IN UNDER 10 MINUTES USING THE CYAN SDK. Read our developer docs Read our developer docs View all 7 security reports AUDITED BY THE BEST THE CYAN PROTOCOL HAS BEEN AUDITED BY CERTIK, 0XQUIT AND SEVERAL OTHERS. View all 7 security reports HERE’S WHAT OUR USERS SAY > Well this has by far the easiest way to get a 'free' forge upgrade every > couple days when I has no apecoin lol https://t.co/ylsb2v0aoy > > — Dadjudicator | 4707.eth (@dadjudicator) September 11, 2023 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. PARTNERS PARTNERS LATEST FROM CYAN GUIDE TO APECOIN STAKING ON CYAN November 6, 2023 GM - NOVEMBER 14TH, 2023 November 14, 2023 GM - NOVEMBER 13TH, 2023 November 13, 2023 GM - NOVEMBER 12TH, 2023 November 12, 2023 Terms of ServiceDocs for Users Docs for Devs new FOLLOW STAY UPDATED SIGN UP