Convert Interest Protocol IPT to Nigerian Naira NGN
IPT to NGN: 1 Interest Protocol converts to NGN 35.73 NGN as of June 16 at 7:51 AM
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About Interest Protocol
Interest Protocol is falling this week. The current price of Interest Protocol is NGN 35.73 per IPT. With a circulating supply of 0 IPT, it means that Interest Protocol has a total market cap of NGN 0.00. The amount of Interest Protocol traded has fallen by NGN 0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, NGN 0.00 worth of IPT has been traded.
The exchange rate of Interest Protocol is increasing. The current value of 1 IPT is NGN 35.73 NGN. In other words, to buy 5 Interest Protocol, it would cost you NGN 178.63 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.02799 IPT while NGN 50.00 NGN would convert to 1.40 IPT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the highest exchange rate of 1 IPT to NGN was NGN 35.80 NGN and the lowest 24 hour value was 1 IPT for NGN 35.72 NGN. Last month, 1 IPT was worth NGN 35.76 NGN. Today, it's up 0%. Looking back a year, Interest Protocol has changed by NGN 40.61 NGN. That means that in a single year, the value of Interest Protocol has grown by 0%.
Interest Protocol Market Stats
## What Is Interest Protocol? Launched on June 13th, 2022, Interest Protocol (IP) is the first fractional reserve banking protocol on the Ethereum blockchain that pays interest to all depositors. USDi is an over-collateralized stablecoin issued by Interest Protocol. IPT is the governance token of Interest Protocol. Users can mint 1 USDi by depositing 1 USDC into the protocol, and anyone can receive 1 USDC from the protocol by burning 1 USDi that they hold. In addition, users can deposit assets into a multi-collateral vault and borrow USDi against that collateral. Regardless of how they obtained USDi, all USDi holders automatically earn yield without having to spend gas to stake. Given the same amount of capital, Interest Protocol can generate more loans with less liquidity risk than existing lending protocols without fractional reserves. Interest Protocol automatically manages its reserve ratio—USDC in the protocol’s reserve over the total supply of USDi—by employing a variable interest rate system. As the reserve ratio decreases, the borrow and deposit rates of USDi increase, and vice versa. ## How Many IPT Tokens Are There in Circulation? At launch, there will be 100 million IPT tokens in existence. 20% of this will be unissued and held in the protocol treasury. Through governance proposals, IPT holders can collectively decide to mint additional IPT tokens. ## Who Built Interest Protocol? Interest Protocol was developed by GFX Labs. GFX Labs started in 2021 with the goal of building web 3 applications that facilitate ownership and improve usability. ### Where Can I Buy IPT? IPT can be purchased by participating in the [IPT sale](
Conversion tables
IPT to NGN values from Today at 7:51 am
0.5 IPT = NGN 17.86 NGN |
1 IPT = NGN 35.73 NGN |
5 IPT = NGN 178.63 NGN |
10 IPT = NGN 357.27 NGN |
50 IPT = NGN 1,786.33 NGN |
100 IPT = NGN 3,572.66 NGN |
500 IPT = NGN 17,863.31 NGN |
1,000 IPT = NGN 35,726.62 NGN |
NGN to IPT values from Today at
NGN 0.50 NGN = 0.014 IPT |
NGN 1.00 NGN = 0.02799 IPT |
NGN 5.00 NGN = 0.14 IPT |
NGN 10.00 NGN = 0.2799 IPT |
NGN 50.00 NGN = 1.40 IPT |
NGN 100.00 NGN = 2.80 IPT |
NGN 500.00 NGN = 14.00 IPT |
NGN 1,000.00 NGN = 27.99 IPT |
IPT to NGN over time
IPT | Today | 24H -0.21% | 1M -0.11% | 1Y -13.68% |
|---|---|---|---|---|
0.5 IPT | NGN 17.86 NGN | NGN 17.90 NGN | NGN 17.88 NGN | NGN 20.31 NGN |
1 IPT | NGN 35.73 NGN | NGN 35.80 NGN | NGN 35.76 NGN | NGN 40.61 NGN |
5 IPT | NGN 178.63 NGN | NGN 179.01 NGN | NGN 178.82 NGN | NGN 203.07 NGN |
10 IPT | NGN 357.27 NGN | NGN 358.02 NGN | NGN 357.64 NGN | NGN 406.14 NGN |
50 IPT | NGN 1,786.33 NGN | NGN 1,790.10 NGN | NGN 1,788.22 NGN | NGN 2,030.71 NGN |
100 IPT | NGN 3,572.66 NGN | NGN 3,580.21 NGN | NGN 3,576.44 NGN | NGN 4,061.42 NGN |
500 IPT | NGN 17,863.31 NGN | NGN 17,901.03 NGN | NGN 17,882.22 NGN | NGN 20,307.08 NGN |
1,000 IPT | NGN 35,726.62 NGN | NGN 35,802.06 NGN | NGN 35,764.43 NGN | NGN 40,614.16 NGN |
Frequently asked questions
Right now, 1 Interest Protocol is worth about NGN 35.73.
Based on the current rate, you could get 0.02799 IPT for 1 NGN.
You can use our IPT to NGN calculator at the top of this page to convert any amount of IPT to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.14 IPT. Inversely, 5 IPT will cost about NGN 178.63
Interest Protocol can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Interest Protocol.
There are a number of crypto assets that have the a similar or comparable market cap to Interest Protocol, including , , and . For a more robust list of assets to explore, jump to the asset page dedicated to Interest Protocol.
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