馃惂 Pudgy Penguins Holder Borrows $10K Against NFT
馃惂 Pudgy Penguins Holder Borrows $10K Against NFT
馃惂 Penguin Puts Work
A Pudgy Penguins holder borrowed 9,969 USDC against their NFT #1851 through Cyan's lending platform.
This follows a pattern of active NFT utilization, with previous loans including:
- 13,651 USDC against Pudgy Penguins #5503
- 4.79 ETH against Pudgy Penguins #7054
Key developments:
- Cyan now offers loans on Hypurr NFTs from Hyperliquid
- Borrowers keep all airdrops and rewards
- BNPL for Hyperliquid NFTs launching soon
The platform encourages NFT holders to unlock liquidity without selling their assets, turning idle collections into working capital.
One thing is certain, @pudgypenguins holders don't let their NFTs sit idle! One holder just borrowed 9,969 USDC against #1851, smart move! Do you have a bluechip NFT just sitting there? Make sure to put it to work! Just @usecyan
We now facilitate loans on Hypurr NFTs! Best part? You get to keep all the airdrops. @HyperliquidX @Hyperintern Just @usecyan
What if I told you that you can borrow against your Hypurr NFT to access instant liquidity while retaining any airdrop that you receive? Just @usecyan
Largest Loan of the Week! 馃挵 A 4.79 ETH loan was secured against @pudgypenguins #7054 last week. Cyan users don鈥檛 just hold their Pudgy Penguins, they put them to work.
Here's another larger loan for you! This time, a user borrowed 13,651 USDC against their @pudgypenguins #5503! Don't let your NFT just sit there, put it to work! Did you know we now offer loans on Hypurrs? 馃憖 @Hyperintern
Cyan Wallet Launches NFT Lending with Airdrop Retention
**Cyan Wallet** introduces NFT-backed lending while preserving users' airdrop and reward eligibility. **Key Features:** - Borrow against NFT collections without losing potential airdrops - Seamless integration with existing lending platform - **Seven independent security audits** backing the platform **Security & Trust:** - Operating since 2023 with established user base - Focus on both security and user experience - Comprehensive audit coverage for asset protection The wallet targets NFT holders seeking liquidity without sacrificing future reward opportunities in the evolving digital asset space.
Bored Ape Owner Secures $12,470 USDC Loan Through Cyan Protocol
A Bored Ape Yacht Club NFT holder used their **#7334 Ape as collateral** to secure a $12,470 USDC loan through Cyan's lending protocol. This represents a slight increase from the previous week's largest loan of $11,474 USDC against Ape #2600. **Key highlights:** - Cyan enables NFT owners to unlock liquidity from their digital assets - Users can generate income from their NFT holdings rather than simply holding them - The protocol provides financing options specifically designed for the NFT market The trend shows consistent demand for **NFT-backed lending**, with Bored Ape holders actively leveraging their assets for capital access.
Cyan Protocol Joins TrueFi Ecosystem
Cyan, a Buy Now Pay Later service for NFTs, has been integrated into the TrueFi ecosystem during Q2. This strategic merger aims to enhance product development capabilities. - Integration completed in Q2 2025 - Focus remains on product excellence - Community call scheduled for Wednesday at 6pm UTC *Join the @TrueFiDAO report call* to learn more about this integration and future developments.
ApeCoin Staking Migration to ApeChain Announced
ApeCoin is sunsetting its mainnet staking operations as part of a planned migration to ApeChain. Key updates: - All staking positions will be automatically freed for migration - New staking system on ApeChain will support Shadow NFTs - Migration deadline: April 15, 2025 - Users must move $APE to ApeChain and re-stake to continue earning rewards - BAYC/MAYC/BAKC Shadows will be supported **Action Required**: Prepare to migrate your staked $APE to continue earning rewards on ApeChain.