Convert Convertible JPY Token CJPY to Treehouse ETH TETH
CJPY to TETH: 1 Convertible JPY Token converts to 0.000001955 TETH
About CJPY and TETH
Convertible JPY Token is climbing, while Treehouse ETH is falling this week. The current CJPY to TETH conversion rate is 0.000001955. Inversely, this means that if you convert 1 TETH you will get 511,424.75 CJPY. The conversion rate of CJPY/TETH has increased by 1.81% in the last hour (TETH/CJPY decreased by 1.81%). In the last 24 hours, CJPY/TETH grew by 3.73%, while TETH/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.000001955 TETH. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000009777 TETH. Inversely, 1 TETH would allow you to trade for 511,424.75 CJPY while 50 TETH would convert to 25,571,237.32 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 8.38%. Meanwhile, in the last 24 hours, the rate has changed by 3.48%, which means that the highest exchange rate of 1 CJPY to TETH was 0.000001956 TETH and the lowest 24 hour value was 1 CJPY for 0.000001878 TETH. Last month, 1 CJPY was worth 0.000001809 TETH. Today, it's up 7.48%. Looking back a year, Convertible JPY Token has changed by 0.000002044 TETH. That means that in a single year, the value of Convertible JPY Token has shrank by 4.51%.
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.
Treehouse ETH Market Stats
tETH is a liquid staking token (LST) that converges the fragmented on-chain ETH interest rates market. Holders of tETH earn real yield in excess of Ethereum’s Proof-of-Stake (PoS) rewards through interest rate arbitrage while still being able to use tETH for DeFi activities. tETH is also foundational to supporting the eventual implementation of Treehouse’s Decentralized Offered Rates (DOR) consensus mechanism as well as the Treehouse Actively Validated Service (AVS).
Conversion tables
CJPY to TETH values from Today at 6:11 am
0.5 CJPY = 0.0000009777 TETH |
1 CJPY = 0.000001955 TETH |
5 CJPY = 0.000009777 TETH |
10 CJPY = 0.00001955 TETH |
50 CJPY = 0.00009777 TETH |
100 CJPY = 0.0001955 TETH |
500 CJPY = 0.0009777 TETH |
1,000 CJPY = 0.001955 TETH |
TETH to CJPY values from Today at 6:13 am
0.5 TETH = 255,712.37 CJPY |
1 TETH = 511,424.75 CJPY |
5 TETH = 2,557,123.73 CJPY |
10 TETH = 5,114,247.46 CJPY |
50 TETH = 25,571,237.32 CJPY |
100 TETH = 51,142,474.64 CJPY |
500 TETH = 255,712,373.18 CJPY |
1,000 TETH = 511,424,746.35 CJPY |
CJPY to TETH over time
CJPY | Today | 24H 3.48% | 1M 7.48% | 1Y -4.51% |
|---|---|---|---|---|
0.5 CJPY | 0.0000009777 TETH | 0.0000009437 TETH | 0.0000009045 TETH | 0.000001022 TETH |
1 CJPY | 0.000001955 TETH | 0.000001887 TETH | 0.000001809 TETH | 0.000002044 TETH |
5 CJPY | 0.000009777 TETH | 0.000009437 TETH | 0.000009045 TETH | 0.00001022 TETH |
10 CJPY | 0.00001955 TETH | 0.00001887 TETH | 0.00001809 TETH | 0.00002044 TETH |
50 CJPY | 0.00009777 TETH | 0.00009437 TETH | 0.00009045 TETH | 0.0001022 TETH |
100 CJPY | 0.0001955 TETH | 0.0001887 TETH | 0.0001809 TETH | 0.0002044 TETH |
500 CJPY | 0.0009777 TETH | 0.0009437 TETH | 0.0009045 TETH | 0.001022 TETH |
1,000 CJPY | 0.001955 TETH | 0.001887 TETH | 0.001809 TETH | 0.002044 TETH |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004331.
Based on the current rate, you could get 230.87 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 1,154.35 CJPY. Inversely, 5 CJPY will cost about $0.02166
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, XRP20, 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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