Convert Convertible JPY Token CJPY to Kelp DAO Restaked ETH RSETH
1 CJPY converts to 0.000002366 RSETH
About CJPY and RSETH
Convertible JPY Token is falling, while Kelp DAO Restaked ETH is climbing this week. The current CJPY to RSETH conversion rate is 0.000002366. Inversely, this means that if you convert 1 RSETH you will get 422,576.29 CJPY. The conversion rate of CJPY/RSETH has increased by 0.31% in the last hour (RSETH/CJPY decreased by 0.31%). In the last 24 hours, CJPY/RSETH shrunk by 0.92%, while RSETH/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.000002366 RSETH. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000011832 RSETH. Inversely, 1 RSETH would allow you to trade for 422,576.29 CJPY while 50 RSETH would convert to 21,128,814.65 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 10.21%. Meanwhile, in the last 24 hours, the rate has changed by 0.96%, which means that the highest exchange rate of 1 CJPY to RSETH was 0.000002461 RSETH and the lowest 24 hour value was 1 CJPY for 0.000002356 RSETH. Last month, 1 CJPY was worth 0.000002105 RSETH. Today, it's up 11.06%. Looking back a year, Convertible JPY Token has changed by 0.000002282 RSETH. That means that in a single year, the value of Convertible JPY Token has grown by 3.56%.
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.
Kelp DAO Restaked ETH Market Stats
Kelp DAO Restaked ETH (RSETH) is a cryptocurrency launched in 2023and operates on the Ethereum platform. Kelp DAO Restaked ETH has a current supply of 609,859.19394466. The last known price of Kelp DAO Restaked ETH is 2,142.94707659 USD and is down -0.82 over the last 24 hours. It is currently trading on 72 active market(s) with $8,250.88 traded over the last 24 hours.
Conversion tables
CJPY to RSETH values from Today at 7:53 pm
0.5 CJPY = 0.000001183 RSETH |
1 CJPY = 0.000002366 RSETH |
5 CJPY = 0.00001183 RSETH |
10 CJPY = 0.00002366 RSETH |
50 CJPY = 0.0001183 RSETH |
100 CJPY = 0.0002366 RSETH |
500 CJPY = 0.001183 RSETH |
1,000 CJPY = 0.002366 RSETH |
RSETH to CJPY values from Today at 7:52 pm
0.5 RSETH = 211,288.15 CJPY |
1 RSETH = 422,576.29 CJPY |
5 RSETH = 2,112,881.47 CJPY |
10 RSETH = 4,225,762.93 CJPY |
50 RSETH = 21,128,814.65 CJPY |
100 RSETH = 42,257,629.31 CJPY |
500 RSETH = 211,288,146.54 CJPY |
1,000 RSETH = 422,576,293.07 CJPY |
CJPY to RSETH over time
CJPY | Today | 24H -0.96% | 1M 11.06% | 1Y 3.56% |
|---|---|---|---|---|
0.5 CJPY | 0.000001183 RSETH | 0.000001195 RSETH | 0.000001052 RSETH | 0.000001141 RSETH |
1 CJPY | 0.000002366 RSETH | 0.000002389 RSETH | 0.000002105 RSETH | 0.000002282 RSETH |
5 CJPY | 0.00001183 RSETH | 0.00001195 RSETH | 0.00001052 RSETH | 0.00001141 RSETH |
10 CJPY | 0.00002366 RSETH | 0.00002389 RSETH | 0.00002105 RSETH | 0.00002282 RSETH |
50 CJPY | 0.0001183 RSETH | 0.0001195 RSETH | 0.0001052 RSETH | 0.0001141 RSETH |
100 CJPY | 0.0002366 RSETH | 0.0002389 RSETH | 0.0002105 RSETH | 0.0002282 RSETH |
500 CJPY | 0.001183 RSETH | 0.001195 RSETH | 0.001052 RSETH | 0.001141 RSETH |
1,000 CJPY | 0.002366 RSETH | 0.002389 RSETH | 0.002105 RSETH | 0.002282 RSETH |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004274.
Based on the current rate, you could get 233.97 CJPY for 1 USD.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. Since last month, the exchange rate of Convertible JPY Token has decreased. Since this time last year, the price of Convertible JPY Token has decreased.
You can use our CJPY to USD calculator at the top of this page to convert any amount of CJPY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 1,169.83 CJPY. Inversely, 5 CJPY will cost about $0.02137
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including Fine, BaseX, and BNBcat. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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