Convert Convertible JPY Token CJPY to Frax Finance - Frax Ether FRXETH
CJPY to FRXETH: 1 Convertible JPY Token converts to 0.000002345 FRXETH
About CJPY and FRXETH
Convertible JPY Token is falling, while Frax Finance - Frax Ether is climbing this week. The current CJPY to FRXETH conversion rate is 0.000002345. Inversely, this means that if you convert 1 FRXETH you will get 426,489.41 CJPY. The conversion rate of CJPY/FRXETH has decreased by 0.06% in the last hour (FRXETH/CJPY increased by 0.06%). In the last 24 hours, CJPY/FRXETH shrunk by 0.33%, while FRXETH/CJPY grew by 0.33%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.000002345 FRXETH. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000011724 FRXETH. Inversely, 1 FRXETH would allow you to trade for 426,489.41 CJPY while 50 FRXETH would convert to 21,324,470.34 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 10.49%. Meanwhile, in the last 24 hours, the rate has changed by 0.08%, which means that the highest exchange rate of 1 CJPY to FRXETH was 0.000002357 FRXETH and the lowest 24 hour value was 1 CJPY for 0.000002332 FRXETH. Last month, 1 CJPY was worth 0.00000205 FRXETH. Today, it's up 14.4%. Looking back a year, Convertible JPY Token has changed by 0.00000153 FRXETH. That means that in a single year, the value of Convertible JPY Token has grown by 53.22%.
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.
Frax Finance - Frax Ether Market Stats
frxETH is a liquid staking derivative issued by Frax Finance protocol. Each frxETH is backed by at least 1 ETH in validator nodes at all times.
Conversion tables
CJPY to FRXETH values from Today at 9:26 pm
0.5 CJPY = 0.000001172 FRXETH |
1 CJPY = 0.000002345 FRXETH |
5 CJPY = 0.00001172 FRXETH |
10 CJPY = 0.00002345 FRXETH |
50 CJPY = 0.0001172 FRXETH |
100 CJPY = 0.0002345 FRXETH |
500 CJPY = 0.001172 FRXETH |
1,000 CJPY = 0.002345 FRXETH |
FRXETH to CJPY values from Today at 9:27 pm
0.5 FRXETH = 213,244.70 CJPY |
1 FRXETH = 426,489.41 CJPY |
5 FRXETH = 2,132,447.03 CJPY |
10 FRXETH = 4,264,894.07 CJPY |
50 FRXETH = 21,324,470.34 CJPY |
100 FRXETH = 42,648,940.67 CJPY |
500 FRXETH = 213,244,703.37 CJPY |
1,000 FRXETH = 426,489,406.74 CJPY |
CJPY to FRXETH over time
CJPY | Today | 24H -0.08% | 1M 12.58% | 1Y 34.73% |
|---|---|---|---|---|
0.5 CJPY | 0.000001172 FRXETH | 0.000001173 FRXETH | 0.000001025 FRXETH | 0.0000007652 FRXETH |
1 CJPY | 0.000002345 FRXETH | 0.000002347 FRXETH | 0.00000205 FRXETH | 0.00000153 FRXETH |
5 CJPY | 0.00001172 FRXETH | 0.00001173 FRXETH | 0.00001025 FRXETH | 0.000007652 FRXETH |
10 CJPY | 0.00002345 FRXETH | 0.00002347 FRXETH | 0.0000205 FRXETH | 0.0000153 FRXETH |
50 CJPY | 0.0001172 FRXETH | 0.0001173 FRXETH | 0.0001025 FRXETH | 0.00007652 FRXETH |
100 CJPY | 0.0002345 FRXETH | 0.0002347 FRXETH | 0.000205 FRXETH | 0.000153 FRXETH |
500 CJPY | 0.001172 FRXETH | 0.001173 FRXETH | 0.001025 FRXETH | 0.0007652 FRXETH |
1,000 CJPY | 0.002345 FRXETH | 0.002347 FRXETH | 0.00205 FRXETH | 0.00153 FRXETH |
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