Bored Ape Holder Secures $10,791 USDC Loan Against NFT #6939
Bored Ape Holder Secures $10,791 USDC Loan Against NFT #6939
馃挵 BAYC Loan Alert
Another Bored Ape NFT loan completed - A holder borrowed 10,791 USDC against Bored Ape #6939 through Cyan's lending platform.
Growing trend among BAYC holders - This follows a pattern of Bored Ape owners accessing liquidity without selling their NFTs. Recent loans include:
- 10,767 USDC against #2931 (Nov 11)
- 7,241 USDC against #1362 (Oct 20)
Key benefits for NFT holders:
- Access liquidity while keeping ownership
- Retain rights to future airdrops
- Avoid selling valuable assets
Cyan enables NFT owners to unlock their assets' value through collateralized loans, providing an alternative to outright sales.
Another @BoredApeYC loan facilitated! A user borrowed 10,791 USDC against #6939 Don't wanna sell your NFT but need liquidity? Just @usecyan
Huge loan on a @BoredApeYC. Their holders aren't sitting out on any liquidity, and a 10767 USDC loan was taken out against #2931. Do you want to access your NFTs liquidity while keeping all the airdrops at the same time? Just @usecyan
BAYC Holder Secures $5,956 Loan Through Cyan Protocol
A Bored Ape Yacht Club NFT holder has taken out a **$5,956 USDC loan** against BAYC #2931 through the Cyan protocol. This marks another instance of the same holder utilizing Cyan's lending services to **optimize capital efficiency** while maintaining ownership of their NFT. The loan demonstrates continued adoption of NFT-backed financing, allowing collectors to access liquidity without selling their digital assets. Cyan enables users to leverage their NFTs as collateral for loans, providing an alternative to traditional selling when capital is needed.
Cyan Provides Alternative Access Link for Ethereal Platform
Cyan has shared an alternative access link for users experiencing connectivity issues with their Ethereal platform at https://ethereal.usecyan.com/. This follows a pattern of the protocol providing backup access methods, similar to previous instances where alternative links were made available for their services. The move ensures continuous access to Cyan's Buy Now, Pay Later services for NFT purchases and re-collateralized NFT loans.
Cyan Launches NFT Rewards Program with First Lil Pudgy Claim
Cyan protocol recorded its first user claiming rewards against their Lil Pudgy NFT. The platform treats NFTs as balance sheet assets that holders can unlock liquidity from while maintaining ownership. **Key Details:** - Users can earn rewards by using the protocol at [ethereal.usecyan.com](http://ethereal.usecyan.com) - The platform enables NFT holders to access liquidity while retaining airdrops and whitelists - Cyan is seeking community input on which NFT collections to reward next The protocol offers Buy Now, Pay Later services and re-collateralized loans for NFT holders.
Mutant Ape Yacht Club Returns to BNPL Spotlight
Two Mutant Ape Yacht Club NFTs have recently utilized financing options: - **MAYC #21210** was purchased through a Buy Now, Pay Later arrangement - **MAYC #7969** holder secured a loan for 1,077 USDC The collection, which hasn't been as prominent in recent deal flow, is showing renewed activity in the NFT financing space. Both transactions demonstrate continued demand for flexible payment options in the NFT market, even for established collections like Mutant Ape Yacht Club.
馃 BAYC Owner Unlocks 2.32 ETH
**Bored Ape #3180** was used as collateral for a **2.32 ETH loan** on Cyan this week. The move demonstrates how NFT holders can **unlock capital efficiency** rather than keeping valuable assets idle. Cyan's lending platform allows users to: - Use NFTs as loan collateral - Access liquidity without selling - Maintain ownership of digital assets This follows similar activity, with **BAYC #7896** securing a $31,500 loan earlier this month on the same platform.