Convert Convertible JPY Token CJPY to syrupUSDC SYRUPUSDC
CJPY to SYRUPUSDC: 1 Convertible JPY Token converts to 0.003818 SYRUPUSDC
About CJPY and SYRUPUSDC
Convertible JPY Token is falling, while syrupUSDC is climbing this week. The current CJPY to SYRUPUSDC conversion rate is 0.003818. Inversely, this means that if you convert 1 SYRUPUSDC you will get 261.91 CJPY. The conversion rate of CJPY/SYRUPUSDC has increased by 0.07% in the last hour (SYRUPUSDC/CJPY decreased by 0.07%). In the last 24 hours, CJPY/SYRUPUSDC shrunk by 3.61%, while SYRUPUSDC/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.003818 SYRUPUSDC. In other words, to buy 5 Convertible JPY Token, it would cost you 0.01909 SYRUPUSDC. Inversely, 1 SYRUPUSDC would allow you to trade for 261.91 CJPY while 50 SYRUPUSDC would convert to 13,095.56 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.7%. Meanwhile, in the last 24 hours, the rate has changed by 3.6%, which means that the highest exchange rate of 1 CJPY to SYRUPUSDC was 0.003956 SYRUPUSDC and the lowest 24 hour value was 1 CJPY for 0.003815 SYRUPUSDC. Last month, 1 CJPY was worth 0.003738 SYRUPUSDC. Today, it's up 2.11%. Looking back a year, Convertible JPY Token has changed by 0.005671 SYRUPUSDC. That means that in a single year, the value of Convertible JPY Token has shrank by 48.52%.
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.
syrupUSDC Market Stats
syrupUSDC is Maple Finance's yield-bearing dollar. It allows users to earn yield by depositing USDC into Maple's institutional loan book. Yield is generated from overcollateralised loans to vetted institutional borrowers, with collateral ratios consistently at 150%+. Maple also offers syrupUSDT for USDT depositors. Maple has originated over $20 billion in loans with zero losses in its secured lending portfolio since 2023.
Conversion tables
CJPY to SYRUPUSDC values from Today at 7:04 am
0.5 CJPY = 0.001909 SYRUPUSDC |
1 CJPY = 0.003818 SYRUPUSDC |
5 CJPY = 0.01909 SYRUPUSDC |
10 CJPY = 0.03818 SYRUPUSDC |
50 CJPY = 0.1909 SYRUPUSDC |
100 CJPY = 0.3818 SYRUPUSDC |
500 CJPY = 1.91 SYRUPUSDC |
1,000 CJPY = 3.82 SYRUPUSDC |
SYRUPUSDC to CJPY values from Today at 7:04 am
0.5 SYRUPUSDC = 130.96 CJPY |
1 SYRUPUSDC = 261.91 CJPY |
5 SYRUPUSDC = 1,309.56 CJPY |
10 SYRUPUSDC = 2,619.11 CJPY |
50 SYRUPUSDC = 13,095.56 CJPY |
100 SYRUPUSDC = 26,191.12 CJPY |
500 SYRUPUSDC = 130,955.62 CJPY |
1,000 SYRUPUSDC = 261,911.23 CJPY |
CJPY to SYRUPUSDC over time
CJPY | Today | 24H -3.60% | 1M 2.11% | 1Y -48.52% |
|---|---|---|---|---|
0.5 CJPY | 0.001909 SYRUPUSDC | 0.001978 SYRUPUSDC | 0.001869 SYRUPUSDC | 0.002835 SYRUPUSDC |
1 CJPY | 0.003818 SYRUPUSDC | 0.003955 SYRUPUSDC | 0.003738 SYRUPUSDC | 0.005671 SYRUPUSDC |
5 CJPY | 0.01909 SYRUPUSDC | 0.01978 SYRUPUSDC | 0.01869 SYRUPUSDC | 0.02835 SYRUPUSDC |
10 CJPY | 0.03818 SYRUPUSDC | 0.03955 SYRUPUSDC | 0.03738 SYRUPUSDC | 0.05671 SYRUPUSDC |
50 CJPY | 0.1909 SYRUPUSDC | 0.1978 SYRUPUSDC | 0.1869 SYRUPUSDC | 0.2835 SYRUPUSDC |
100 CJPY | 0.3818 SYRUPUSDC | 0.3955 SYRUPUSDC | 0.3738 SYRUPUSDC | 0.5671 SYRUPUSDC |
500 CJPY | 1.91 SYRUPUSDC | 1.98 SYRUPUSDC | 1.87 SYRUPUSDC | 2.84 SYRUPUSDC |
1,000 CJPY | 3.82 SYRUPUSDC | 3.96 SYRUPUSDC | 3.74 SYRUPUSDC | 5.67 SYRUPUSDC |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004481.
Based on the current rate, you could get 223.18 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 increased. 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 1,115.88 CJPY. Inversely, 5 CJPY will cost about $0.0224
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 Short-term T-Bill Token, BaseX, and Fine. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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