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.
Instant NFT Loans
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.
Here’s what our users say
🛡️ Introducing the CYAN Wallet 🛡️
— 𝔟𝔬𝔫𝔤𝔩𝔬 (@bonglo_eth) May 26, 2023
What if your digital wallet was more than just a storage space?
What if it's a powerhouse, enabling seamless interaction with your NFTs across a multitude of platforms?
Let's delve into the tech, use case, & versatility of @usecyan Wallet pic.twitter.com/z6h9wQwucG
Exciting news 🔓
— eBit・#1 Transparent Casino (@playebit) July 18, 2023
You can now deposit your NFTs to play on eBit!
In collaboration with @usecyan , you can now collateralise your NFTs, obtain a loan, and play your favorite games!
Start winning now - https://t.co/wxF0vNwrLz pic.twitter.com/j1VpUCmwlE
🔹@usecyan is a buy now, pay later service that allows users to make purchases and pay for them in the future.
— MickyXBT (@MickyXBT) August 30, 2023
The 1st protocol to offer financing options for purchasing NFTs, re-collateralized loans on NFTs, and Vaults for capital providers to earn a yield
Backed by Animoca.
Financed ✅
— A(ZB) 🏴 (@azb_31) November 14, 2023
Ape staking ✅
Actual ownership to do as you wish, list on OS, connect to Merch sites etc..... ✅
What else but @usecyan
Happy I got my first #MAYC through Cyan for sure. Customer support is next level and honestly can't recommend them enough!! pic.twitter.com/uImViZzIMa
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
There are certain people and things in this world that really make an impact on your life.
— POSCO (@P05C0) September 10, 2023
The team over at @usecyan and @DareVader_eth are some of the most generous and supportive individuals in Web3@DareVader_eth and I were on the phone for 2 hours. Vibes were at a max 🧵
10/ Peer to pool borrowing/lending (@usecyan):
— Tytan.eth (@Tytaninc) September 22, 2023
Cyan is one of the most underrated peer to pool protocols with numerous features available. Ape staking, vault staking, and utilization of your NFT while in escrow are all major features.
How to use Cyan as a lender below 👇
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
