CIAN

CIAN takes deposits of tokens such as stETH, ETH, BTC wrappers, BNB and stablecoins and puts them into strategies that borrow against them to earn more of the same yield. It calls this the Yield Layer: a set of vaults, each built around one asset, whose funds are spread across several strategies and moved when conditions change. Its docs say it focuses on liquid staking, liquid restaking, real-world assets and perpetual funding rates.

It is one of the bigger players in its niche. DefiLlama counted about $319 million in CIAN Yield Layer vaults on 24 October 2026, the largest total in its yield aggregator category, spread over seven chains. A second product, Bondify, turns leveraged looping positions into tradable tokens and sells their future yield separately.

Who runs CIAN is not stated. Its terms of use refer only to "we" and "us" and do not name a company, although they send disputes to arbitration seated in Singapore. The docs give [email protected] for developers and partners, and the changelog dates the first release, version 1.0.0, to 14 December 2021.

You deposit into a vault contract and receive an LP token that represents your share. A multisig sets how the vault's funds are split between strategy contracts, and each strategy then supplies, borrows, swaps and loops according to its rules. The docs say allocation changes go through multisig and timelock controls, that exchange rates have internal limits, and that some vaults rebalance automatically when the loan-to-value ratio hits a trigger, such as 66.66% in the Bybit stablecoin vault.

The stablecoin vault built for Bybit shows how the pieces fit. Users deposit on Bybit Earn, Bybit sends the pooled funds to the CIAN vault every hour, and the strategy converts them to Ethena's USDe and sUSDe and loops them on Aave up to about twice the starting amount. The same page lists Aave, Bybit, Mantle and Ethena as partners and says CIAN has exclusive partnership agreements with Aave and Ethena.

The docs also say strategy limits are enforced in contracts so that strategies can interact with centralized exchange custody accounts. That means some vault positions may rely on an exchange, not only on-chain contracts.

CIAN charges an 8% performance fee on profit in Yield Layer and strategy vaults, according to its fee page as of October 2026. The fee is taken continuously and is already deducted from the net APY the app shows. Leaving a vault costs 0.02% of the position's value, and that exit fee goes back into the vault for the remaining depositors rather than to CIAN. The docs give a worked example: 10 ETH held for a year at 10% pays 0.08 ETH in performance fees and 0.0022 ETH on exit. Vaults charge no fee while their strategy is inactive, and the older automated strategies on Polygon and Avalanche charge none at all.

Deposits are held by CIAN's vault and strategy contracts, not by the user's own wallet, and the multisig that sets allocations can move funds between strategies. CIAN does not publish who holds the multisig keys, the signing threshold or the timelock length. Audit reports from Ackee (Yield Layer on Ethereum), PeckShield (Avalanche), Omniscia (Ethereum) and Paladin Blockchain Security (Avalanche, Ethereum and Polygon) are posted in the docs, but none is dated on the page, so it is unclear which version of the code each covers. No bug bounty is listed.

CIAN states it has had no exploits or liquidations, though its pages give different periods ("2 years" in one, "2.5 years" in another) and are not dated. DefiLlama's hacks database had no CIAN entry when we checked on 25 October 2026.

• Leverage: looping strategies borrow against collateral, so a fall in the collateral's price or a jump in borrowing rates can turn yield negative or trigger liquidation. The docs say pool rates usually settle within about a week.
• Stacked protocols: a vault depends on every protocol it uses, such as Aave, Lido, Ethena and restaking tokens. CIAN's risk warning says it cannot control breaches at integrated protocols.
• Exchange exposure: strategies that use exchange custody accounts add that exchange's solvency and operational risk.
• Exit risk: deleveraging assumes 1% to 2% swap slippage, and withdrawals are batched with manual review.

Deposits are made at yieldlayer.cian.app with a self-custody wallet: choose a vault and chain, deposit the asset, and hold the vault's receipt token. Some vaults can also be reached through partners, such as Bybit Earn for the stablecoin vault.

Withdrawals are not instant. You submit a request, the receipt token is transferred out, and CIAN processes requests in batches with a manual review step; the docs estimate about five days before the assets arrive, as of October 2026.

CIAN has no live token. The tokenomics page says "coming soon", and its Voyage Points program states that points will be converted into CIAN tokens, without setting a rate or date. Treat any CIAN token offered for sale before an official announcement on its own channels as suspect.

Bondify is the newer product. Lenders supply USDC to a facility called SLF for a fixed yield, loopers borrow from it to build leveraged positions in a single transaction, and those positions can be issued as yield tokens or junior tokens for others to buy. The design aims to let a looper exit without unwinding round by round. For how CIAN's vaults compare with other aggregators, see CIAN among yield aggregators.

CIAN's changelog starts with version 1.0.0 on 14 December 2021. It began as an automation tool on Avalanche in April 2022, with automated borrowing, repaying and flash-repay protection, added Ethereum in May 2022 and Polygon in October 2022, and built recursive staking strategies for sAVAX, MaticX and stETH through 2022 and 2023. The Yield Layer came later and now holds almost all of CIAN's deposits, while the old automation product held under $1 million on DefiLlama in October 2026.