Convert Convertible JPY Token CJPY to Hybridge Bridged AAVE AAVE0
CJPY to AAVE0: 1 Convertible JPY Token converts to 0.00003724 AAVE0
About CJPY and AAVE0
Convertible JPY Token is climbing, while Hybridge Bridged AAVE is falling this week. The current CJPY to AAVE0 conversion rate is 0.00003724. Inversely, this means that if you convert 1 AAVE0 you will get 26,853.48 CJPY. The conversion rate of CJPY/AAVE0 has decreased by 0.01% in the last hour (AAVE0/CJPY increased by 0.01%). In the last 24 hours, CJPY/AAVE0 grew by 0.1%, while AAVE0/CJPY shrunk by 0.1%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.00003724 AAVE0. In other words, to buy 5 Convertible JPY Token, it would cost you 0.0001862 AAVE0. Inversely, 1 AAVE0 would allow you to trade for 26,853.48 CJPY while 50 AAVE0 would convert to 1,342,674.03 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.36%. Meanwhile, in the last 24 hours, the rate has changed by 6.32%, which means that the highest exchange rate of 1 CJPY to AAVE0 was 0.00006486 AAVE0 and the lowest 24 hour value was 1 CJPY for 0.00003692 AAVE0. Last month, 1 CJPY was worth 0.00003853 AAVE0. Today, it's down 3.34%. Looking back a year, Convertible JPY Token has changed by 0.005385 AAVE0. That means that in a single year, the value of Convertible JPY Token has shrank by 99.31%.
Convertible JPY Token Market Stats
What is the project about? CJPY represents a collateral debt position issued on Yamato Protocol, a decentralized and non-custodial platform on Ethereum developed by DeFiGeek Community Japan. CJPY serves as an ETH overcollateralized stablecoin designed to maintain a peg to the Japanese Yen. In the future, the Yamato protocol will expand to encompass various tokens as collateral, and a diverse range of fiat stablecoins will be introduced, initially including USD and EUR pegs. What makes your project unique? Yamato Protocol distinguishes itself through 5 attributes as a decentralized and non-custodial crypto overcollateralized stablecoin: 1. High Collateral Factor: The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral. 2. Absence of Accrued Interest: Users are subject solely to a one-time issuance fee upon generating CJPY. 3. Non-Forced Liquidation: No penalty for liquidation. Debt positions with health rates below 130% can be redeemed by any users via CJPY acquired from the market. 4. Redemption by protocol: Accrued CJPY fees on protocol can be used to redeem debt position under threshold. 5. Subrogation Mechanism: The protocol employs the accumulated CJPY fees to subrogate debt positions falling below the 100% health rate threshold. History of your project. January 2021: The DeFiGeek Community Japan embarked on the development of Yamato Protocol, a decentralized and non-custodial crypto overcollateralized stablecoin pegged to JPY. The community has functioned with an inclusive approach, welcoming all developers and contributors who are eager to take part in the enhancement of DeFi applications and tools that drive the advancement of Web3 technology. Milestones of Yamato Protocol: November 2021: The alpha testing phase commenced on the Rinkeby testnet. January 2022: The beta testing phase debuted on the Rinkeby testnet. May 2022: The second beta testing phase transpired on the Rinkeby testnet. June 2023: Successful completion of the initial audit. July 2023: Launch of version 1 on the Ethereum mainnet. What’s next for your project? At present, Yamato Protocol stands at version 1.0 without a utility token. Anticipated milestones include: Version 1.5 (2023): Introduction of the DAO utility token and the implementation of ve(vote-escrowed) governance. Version 2.0 (Late 2023): Enabling issuance of additional stablecoins like CEUR (convertible EUR) and CUSD (convertible USD). What can your token be used for? CJPY represents a decentralized JPY-pegged token on the Ethereum blockchain, offering versatility to users and other protocols. Its anticipated adoption spans various DeFi Dapps, encompassing DEX and lending protocols. Given its decentralized and non-custodial nature, CJPY holds the potential for widespread adoption as a payment medium within the Japanese crypto business ecosystem.
Hybridge Bridged AAVE Market Stats
Conversion tables
CJPY to AAVE0 values from Today at 3:00 pm
0.5 CJPY = 0.00001862 AAVE0 |
1 CJPY = 0.00003724 AAVE0 |
5 CJPY = 0.0001862 AAVE0 |
10 CJPY = 0.0003724 AAVE0 |
50 CJPY = 0.001862 AAVE0 |
100 CJPY = 0.003724 AAVE0 |
500 CJPY = 0.01862 AAVE0 |
1,000 CJPY = 0.03724 AAVE0 |
AAVE0 to CJPY values from Today at 3:02 pm
0.5 AAVE0 = 13,426.74 CJPY |
1 AAVE0 = 26,853.48 CJPY |
5 AAVE0 = 134,267.40 CJPY |
10 AAVE0 = 268,534.81 CJPY |
50 AAVE0 = 1,342,674.03 CJPY |
100 AAVE0 = 2,685,348.05 CJPY |
500 AAVE0 = 13,426,740.26 CJPY |
1,000 AAVE0 = 26,853,480.53 CJPY |
CJPY to AAVE0 over time
CJPY | Today | 24H -6.74% | 1M -3.46% | 1Y -14,360.80% |
|---|---|---|---|---|
0.5 CJPY | 0.00001862 AAVE0 | 0.00001987 AAVE0 | 0.00001926 AAVE0 | 0.002693 AAVE0 |
1 CJPY | 0.00003724 AAVE0 | 0.00003975 AAVE0 | 0.00003853 AAVE0 | 0.005385 AAVE0 |
5 CJPY | 0.0001862 AAVE0 | 0.0001987 AAVE0 | 0.0001926 AAVE0 | 0.02693 AAVE0 |
10 CJPY | 0.0003724 AAVE0 | 0.0003975 AAVE0 | 0.0003853 AAVE0 | 0.05385 AAVE0 |
50 CJPY | 0.001862 AAVE0 | 0.001987 AAVE0 | 0.001926 AAVE0 | 0.2693 AAVE0 |
100 CJPY | 0.003724 AAVE0 | 0.003975 AAVE0 | 0.003853 AAVE0 | 0.5385 AAVE0 |
500 CJPY | 0.01862 AAVE0 | 0.01987 AAVE0 | 0.01926 AAVE0 | 2.69 AAVE0 |
1,000 CJPY | 0.03724 AAVE0 | 0.03975 AAVE0 | 0.03853 AAVE0 | 5.39 AAVE0 |
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