Convert Convertible JPY Token CJPY to Frax Staked Ether SFRXETH
CJPY to SFRXETH: 1 Convertible JPY Token converts to 0.000002218 SFRXETH
About CJPY and SFRXETH
Convertible JPY Token is climbing, while Frax Staked Ether is falling this week. The current CJPY to SFRXETH conversion rate is 0.000002218. Inversely, this means that if you convert 1 SFRXETH you will get 450,827.59 CJPY. The conversion rate of CJPY/SFRXETH has decreased by 0.14% in the last hour (SFRXETH/CJPY increased by 0.14%). In the last 24 hours, CJPY/SFRXETH grew by 0.21%, while SFRXETH/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.000002218 SFRXETH. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000011091 SFRXETH. Inversely, 1 SFRXETH would allow you to trade for 450,827.59 CJPY while 50 SFRXETH would convert to 22,541,379.59 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.44%. Meanwhile, in the last 24 hours, the rate has changed by 0.19%, which means that the highest exchange rate of 1 CJPY to SFRXETH was 0.000002226 SFRXETH and the lowest 24 hour value was 1 CJPY for 0.000002196 SFRXETH. Last month, 1 CJPY was worth 0.000001927 SFRXETH. Today, it's up 13.11%. Looking back a year, Convertible JPY Token has changed by 0.000002178 SFRXETH. That means that in a single year, the value of Convertible JPY Token has grown by 1.81%.
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.
Frax Staked Ether Market Stats
Staked Frax Ether is the vault token that accrues all proof of stake rewards of ETH validators run by Frax Finance protocol. sfrxETH is ERC4626 compliant and a non-rebasing, interest bearing token.
Conversion tables
CJPY to SFRXETH values from Today at 8:51 pm
0.5 CJPY = 0.000001109 SFRXETH |
1 CJPY = 0.000002218 SFRXETH |
5 CJPY = 0.00001109 SFRXETH |
10 CJPY = 0.00002218 SFRXETH |
50 CJPY = 0.0001109 SFRXETH |
100 CJPY = 0.0002218 SFRXETH |
500 CJPY = 0.001109 SFRXETH |
1,000 CJPY = 0.002218 SFRXETH |
SFRXETH to CJPY values from Today at 8:49 pm
0.5 SFRXETH = 225,413.80 CJPY |
1 SFRXETH = 450,827.59 CJPY |
5 SFRXETH = 2,254,137.96 CJPY |
10 SFRXETH = 4,508,275.92 CJPY |
50 SFRXETH = 22,541,379.59 CJPY |
100 SFRXETH = 45,082,759.18 CJPY |
500 SFRXETH = 225,413,795.92 CJPY |
1,000 SFRXETH = 450,827,591.84 CJPY |
CJPY to SFRXETH over time
CJPY | Today | 24H 0.19% | 1M 13.11% | 1Y 1.81% |
|---|---|---|---|---|
0.5 CJPY | 0.000001109 SFRXETH | 0.000001107 SFRXETH | 0.0000009637 SFRXETH | 0.000001089 SFRXETH |
1 CJPY | 0.000002218 SFRXETH | 0.000002214 SFRXETH | 0.000001927 SFRXETH | 0.000002178 SFRXETH |
5 CJPY | 0.00001109 SFRXETH | 0.00001107 SFRXETH | 0.000009637 SFRXETH | 0.00001089 SFRXETH |
10 CJPY | 0.00002218 SFRXETH | 0.00002214 SFRXETH | 0.00001927 SFRXETH | 0.00002178 SFRXETH |
50 CJPY | 0.0001109 SFRXETH | 0.0001107 SFRXETH | 0.00009637 SFRXETH | 0.0001089 SFRXETH |
100 CJPY | 0.0002218 SFRXETH | 0.0002214 SFRXETH | 0.0001927 SFRXETH | 0.0002178 SFRXETH |
500 CJPY | 0.001109 SFRXETH | 0.001107 SFRXETH | 0.0009637 SFRXETH | 0.001089 SFRXETH |
1,000 CJPY | 0.002218 SFRXETH | 0.002214 SFRXETH | 0.001927 SFRXETH | 0.002178 SFRXETH |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004061.
Based on the current rate, you could get 246.22 CJPY for 1 USD.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. 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 1,231.10 CJPY. Inversely, 5 CJPY will cost about $0.02031
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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