Cyan

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.

**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.

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, 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 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.

Cyan's Buy Now, Pay Later (BNPL) service continues to facilitate NFT purchases, with multiple Lil Pudgys finding new owners in recent months. The service allows collectors to acquire NFTs through: - Initial downpayment - Flexible payment plans - Seamless marketplace integration Recent successful transactions include Pudgy Penguins #5398, demonstrating growing adoption of BNPL solutions in the NFT space. The service aims to make NFT collecting more accessible by removing upfront liquidity constraints. Want to explore BNPL for NFTs? Visit [Cyan's platform](https://cyan.xyz) to learn more.

A Mutant Ape Yacht Club (MAYC) NFT has secured the highest loan value on Cyan's platform this week. This continues a trend from previous weeks, where MAYC assets have shown strong lending activity. - MAYC maintains position as top collateral choice - Platform offers Buy Now, Pay Later (BNPL) options - Users can unlock liquidity from NFT assets Cyan provides streamlined borrowing services and NFT-backed loans through their platform.

A notable CryptoPunk sale occurred today as Punk #6472 traded hands for **225 ETH** ($737,768.24). This represents a significant increase from its previous sale in November 2024, when it sold for 149.50 ETH ($462,456). This follows the trend of high-value CryptoPunk sales, including the notable Punk 1563 transaction of 24,000 ETH in October 2024. - Current sale: 225 ETH ($737,768.24) - Previous sale: 149.50 ETH ($462,456) - Value increase: 75.5 ETH ($275,312.24)

**Cyan expands its NFT services to Base and Binance chains**, enabling airdrop claims on these networks. - Initial support focuses on airdrop claiming functionality - Loan and liquidity features planned as ecosystems mature - Collections must meet specific criteria for full support *This expansion follows previous integration of Arbitrum and Base chains in October 2024.* The platform is actively seeking community input on which collections to support next.

Cyan has expanded its NFT-backed lending services by adding the @JirasanOfficial collection to its platform. - Users can now obtain pawn loans using Jirasan NFTs as collateral - Buy Now, Pay Later (BNPL) functionality for this collection is in development - This addition follows Cyan's mission to make NFT ownership more accessible through flexible financing options *Note: Cyan offers both BNPL and loan services across various NFT collections for users who need alternative payment options.*