Convert Frax Staked Ether SFRXETH to Convertible JPY Token CJPY
SFRXETH to CJPY: 1 Frax Staked Ether converts to 472,279.26 CJPY
About SFRXETH and CJPY
Frax Staked Ether is climbing, while Convertible JPY Token is falling this week. The current SFRXETH to CJPY conversion rate is 472,279.26. Inversely, this means that if you convert 1 CJPY you will get 0.000002117 SFRXETH. The conversion rate of SFRXETH/CJPY has increased by 0.1% in the last hour (CJPY/SFRXETH decreased by 0.1%). In the last 24 hours, SFRXETH/CJPY grew by 0.61%, while CJPY/SFRXETH shrunk by the same amount.
The exchange rate of Frax Staked Ether is increasing. The current value of 1 SFRXETH is 472,279.26 CJPY. In other words, to buy 5 Frax Staked Ether, it would cost you 2,361,396.29 CJPY. Inversely, 1 CJPY would allow you to trade for 0.000002117 SFRXETH while 50 CJPY would convert to 0.0001059 SFRXETH, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.42%. Meanwhile, in the last 24 hours, the rate has changed by 0.67%, which means that the highest exchange rate of 1 SFRXETH to CJPY was 479,823.06 CJPY and the lowest 24 hour value was 1 SFRXETH for 467,836.62 CJPY. Last month, 1 SFRXETH was worth 482,143.00 CJPY. Today, it's down 2.09%. Looking back a year, Frax Staked Ether has changed by 463,985.30 CJPY. That means that in a single year, the value of Frax Staked Ether has grown by 1.76%.
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.
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.
Conversion tables
SFRXETH to CJPY values from Today at 7:41 pm
0.5 SFRXETH = 236,139.63 CJPY |
1 SFRXETH = 472,279.26 CJPY |
5 SFRXETH = 2,361,396.29 CJPY |
10 SFRXETH = 4,722,792.59 CJPY |
50 SFRXETH = 23,613,962.94 CJPY |
100 SFRXETH = 47,227,925.89 CJPY |
500 SFRXETH = 236,139,629.44 CJPY |
1,000 SFRXETH = 472,279,258.88 CJPY |
CJPY to SFRXETH values from Today at 7:40 pm
0.5 CJPY = 0.000001059 SFRXETH |
1 CJPY = 0.000002117 SFRXETH |
5 CJPY = 0.00001059 SFRXETH |
10 CJPY = 0.00002117 SFRXETH |
50 CJPY = 0.0001059 SFRXETH |
100 CJPY = 0.0002117 SFRXETH |
500 CJPY = 0.001059 SFRXETH |
1,000 CJPY = 0.002117 SFRXETH |
SFRXETH to CJPY over time
SFRXETH | Today | 24H 0.67% | 1M -2.09% | 1Y 1.76% |
|---|---|---|---|---|
0.5 SFRXETH | 236,139.63 CJPY | 234,562.06 CJPY | 241,071.50 CJPY | 231,992.65 CJPY |
1 SFRXETH | 472,279.26 CJPY | 469,124.12 CJPY | 482,143.00 CJPY | 463,985.30 CJPY |
5 SFRXETH | 2,361,396.29 CJPY | 2,345,620.60 CJPY | 2,410,715.01 CJPY | 2,319,926.51 CJPY |
10 SFRXETH | 4,722,792.59 CJPY | 4,691,241.20 CJPY | 4,821,430.02 CJPY | 4,639,853.02 CJPY |
50 SFRXETH | 23,613,962.94 CJPY | 23,456,206.00 CJPY | 24,107,150.08 CJPY | 23,199,265.09 CJPY |
100 SFRXETH | 47,227,925.89 CJPY | 46,912,411.99 CJPY | 48,214,300.16 CJPY | 46,398,530.18 CJPY |
500 SFRXETH | 236,139,629.44 CJPY | 234,562,059.96 CJPY | 241,071,500.79 CJPY | 231,992,650.91 CJPY |
1,000 SFRXETH | 472,279,258.88 CJPY | 469,124,119.92 CJPY | 482,143,001.58 CJPY | 463,985,301.82 CJPY |
Frequently asked questions
Right now, 1 Frax Staked Ether is worth about $2,027.50.
Based on the current rate, you could get 0.0004932 SFRXETH for 1 USD.
Frax Staked Ether price has been on the rise. Since yesterday, the exchange rate of Frax Staked Ether has increased. Since last month, the exchange rate of Frax Staked Ether has decreased. Since this time last year, the price of Frax Staked Ether has decreased.
You can use our SFRXETH to USD calculator at the top of this page to convert any amount of SFRXETH to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.002466 SFRXETH. Inversely, 5 SFRXETH will cost about $10,137.50
Frax Staked Ether can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Frax Staked Ether.
There are a number of crypto assets that have the a similar or comparable market cap to Frax Staked Ether, including Bitcoin Avalanche Bridged, Beacon ETH, and Treehouse ETH. For a more robust list of assets to explore, jump to the asset page dedicated to Frax Staked Ether.
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