Good to know
Cyan's first Vault is the Blue-Chip Profile Picture (PFP) Vault. Cyan is proactively looking to add more Vaults in the near future, including Polygon, GameFi, Music and others.
Vaults are where capital providers can stake ETH which is used to fund users’ BNPL and Pawn plans. Enjoy yields that are real and not based on 'ponzinomics' or other unsustainable models 😀.
Staking is simple - choose the Vault flavor of your choice. More are being added in the near future, stay tuned!
User defaulted NFTs from BNPL and NFT loans are returned back to the respective Vault. Cyan will work on a best-effort basis to unwind the NFT at a fair market value. In the future, Vaults may be converted to DAOs to have decisions made by the Vault token holders and community.
Updated 5 months ago
For details on the various moving parts of the Vault, please read these resources: