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.
BUY NOWPAY LATERFOR NFTS
INVESTORS
INVESTORS
Get your NFT now
With one down payment, you can own your favorite NFTs today.
Stake with NFTs
As you pay off your NFT, you can use your NFT to stake for airdrops.
Pawn NFTs instantly
Instantly get your NFT appraised, and borrow Ethereum on the spot.
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.
Chrome extension
An easy way to finance NFT purchases natively on all major marketplaces.
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.
Developers rejoice
Integrate with Cyan in under 10 minutes using the Cyan SDK.
Secure and reliable
The Cyan Protocol has been audited by CertiK, twice.
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 Pawn, and how exactly does a loan against my NFT work?
To pawn an NFT is to use your NFT as collateral to borrow Ethereum. On Cyan, we offer three-month loans against your NFT, with installments paid back every 31 days. You are now able to borrow up to 33% of the appraised value of your NFT. We also offer Flash Pawns, which are 24-hour loans of 50% of the appraised value of the NFT.
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 Pawn plans?
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
