Convert Convertible JPY Token CJPY to Ondo US Dollar Yield USDY
CJPY to USDY: 1 Convertible JPY Token converts to 0.00372 USDY
About CJPY and USDY
Convertible JPY Token is climbing, while Ondo US Dollar Yield is falling this week. The current CJPY to USDY conversion rate is 0.00372. Inversely, this means that if you convert 1 USDY you will get 268.84 CJPY. The conversion rate of CJPY/USDY has increased by 0.01% in the last hour (USDY/CJPY decreased by 0.01%). In the last 24 hours, CJPY/USDY grew by 2.47%, while USDY/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.00372 USDY. In other words, to buy 5 Convertible JPY Token, it would cost you 0.018599 USDY. Inversely, 1 USDY would allow you to trade for 268.84 CJPY while 50 USDY would convert to 13,441.82 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 6.82%. Meanwhile, in the last 24 hours, the rate has changed by 1.78%, and that the highest exchange rate of 1 CJPY to USDY was 0.003757 USDY and the lowest 24 hour value was 1 CJPY for 0.003618 USDY. Last month, 1 CJPY was worth 0.004349 USDY. Today, it's down 16.92%. Looking back a year, Convertible JPY Token has changed by 0.00554 USDY. That means that in a single year, the value of Convertible JPY Token has shrank by 48.94%.
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.
Ondo US Dollar Yield Market Stats
Ondo US Dollar Yield (USDY) is a cryptocurrency and operates on the Ethereum platform. Ondo US Dollar Yield has a current supply of 1,888,621,272.77097648. The last known price of Ondo US Dollar Yield is 1.13339395 USD and is down -0.05 over the last 24 hours. It is currently trading on 53 active market(s) with $23,431.93 traded over the last 24 hours.
Conversion tables
CJPY to USDY values from Today at 4:34 pm
0.5 CJPY = 0.00186 USDY |
1 CJPY = 0.00372 USDY |
5 CJPY = 0.0186 USDY |
10 CJPY = 0.0372 USDY |
50 CJPY = 0.186 USDY |
100 CJPY = 0.372 USDY |
500 CJPY = 1.86 USDY |
1,000 CJPY = 3.72 USDY |
USDY to CJPY values from Today at 4:34 pm
0.5 USDY = 134.42 CJPY |
1 USDY = 268.84 CJPY |
5 USDY = 1,344.18 CJPY |
10 USDY = 2,688.36 CJPY |
50 USDY = 13,441.82 CJPY |
100 USDY = 26,883.64 CJPY |
500 USDY = 134,418.21 CJPY |
1,000 USDY = 268,836.41 CJPY |
CJPY to USDY over time
CJPY | Today | 24H 1.78% | 1M -16.92% | 1Y -48.94% |
|---|---|---|---|---|
0.5 CJPY | 0.00186 USDY | 0.001827 USDY | 0.002175 USDY | 0.00277 USDY |
1 CJPY | 0.00372 USDY | 0.003654 USDY | 0.004349 USDY | 0.00554 USDY |
5 CJPY | 0.0186 USDY | 0.01827 USDY | 0.02175 USDY | 0.0277 USDY |
10 CJPY | 0.0372 USDY | 0.03654 USDY | 0.04349 USDY | 0.0554 USDY |
50 CJPY | 0.186 USDY | 0.1827 USDY | 0.2175 USDY | 0.277 USDY |
100 CJPY | 0.372 USDY | 0.3654 USDY | 0.4349 USDY | 0.554 USDY |
500 CJPY | 1.86 USDY | 1.83 USDY | 2.17 USDY | 2.77 USDY |
1,000 CJPY | 3.72 USDY | 3.65 USDY | 4.35 USDY | 5.54 USDY |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about $0.004208.
Based on the current rate, you could get 237.67 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 1,188.35 CJPY. Inversely, 5 CJPY will cost about $0.02104
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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