Convert Convertible JPY Token CJPY to yearn.finance YFI
CJPY to YFI: 1 Convertible JPY Token converts to 0.000002466 YFI
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About CJPY and YFI
Convertible JPY Token is falling, while yearn.finance is climbing this week. The current CJPY to YFI conversion rate is 0.000002466. Inversely, this means that if you convert 1 YFI you will get 405,492.54 CJPY. The conversion rate of CJPY/YFI has decreased by 0.5% in the last hour (YFI/CJPY increased by 0.5%). In the last 24 hours, CJPY/YFI shrunk by 0.14%, while YFI/CJPY grew by 0.14%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.000002466 YFI. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000012331 YFI. Inversely, 1 YFI would allow you to trade for 405,492.54 CJPY while 50 YFI would convert to 20,274,626.84 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.7%. Meanwhile, in the last 24 hours, the rate has changed by 0.54%, and that the highest exchange rate of 1 CJPY to YFI was 0.000002511 YFI and the lowest 24 hour value was 1 CJPY for 0.000002439 YFI. Last month, 1 CJPY was worth 0.000002141 YFI. Today, it's up 15.21%. Looking back a year, Convertible JPY Token has changed by 0.000001136 YFI. That means that in a single year, the value of Convertible JPY Token has grown by 117.18%.
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.
yearn.finance Market Stats
Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized finance (“defi”) ecosystem in an effort to generate a high return.
Conversion tables
CJPY to YFI values from Today at 6:05 pm
0.5 CJPY = 0.000001233 YFI |
1 CJPY = 0.000002466 YFI |
5 CJPY = 0.00001233 YFI |
10 CJPY = 0.00002466 YFI |
50 CJPY = 0.0001233 YFI |
100 CJPY = 0.0002466 YFI |
500 CJPY = 0.001233 YFI |
1,000 CJPY = 0.002466 YFI |
YFI to CJPY values from Today at 6:06 pm
0.5 YFI = 202,746.27 CJPY |
1 YFI = 405,492.54 CJPY |
5 YFI = 2,027,462.68 CJPY |
10 YFI = 4,054,925.37 CJPY |
50 YFI = 20,274,626.84 CJPY |
100 YFI = 40,549,253.68 CJPY |
500 YFI = 202,746,268.42 CJPY |
1,000 YFI = 405,492,536.84 CJPY |
CJPY to YFI over time
CJPY | Today | 24H -0.55% | 1M 13.20% | 1Y 53.96% |
|---|---|---|---|---|
0.5 CJPY | 0.000001233 YFI | 0.00000124 YFI | 0.00000107 YFI | 0.0000005678 YFI |
1 CJPY | 0.000002466 YFI | 0.00000248 YFI | 0.000002141 YFI | 0.000001136 YFI |
5 CJPY | 0.00001233 YFI | 0.0000124 YFI | 0.0000107 YFI | 0.000005678 YFI |
10 CJPY | 0.00002466 YFI | 0.0000248 YFI | 0.00002141 YFI | 0.00001136 YFI |
50 CJPY | 0.0001233 YFI | 0.000124 YFI | 0.000107 YFI | 0.00005678 YFI |
100 CJPY | 0.0002466 YFI | 0.000248 YFI | 0.0002141 YFI | 0.0001136 YFI |
500 CJPY | 0.001233 YFI | 0.00124 YFI | 0.00107 YFI | 0.0005678 YFI |
1,000 CJPY | 0.002466 YFI | 0.00248 YFI | 0.002141 YFI | 0.001136 YFI |
Frequently asked questions
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