Convert Interest Protocol IPT to Chinese Renminbi Yuan CNY
IPT to CNY: 1 Interest Protocol converts to CN¥0.1305 CNY as of September 14 at 8:47 PM
Buy Interest Protocol with Coinbase Wallet
Create a Coinbase account to buy and sell Interest Protocol on the most secure crypto exchange.
About Interest Protocol
Interest Protocol is falling this week. The current price of Interest Protocol is CN¥0.1305 per IPT. With a circulating supply of 0 IPT, it means that Interest Protocol has a total market cap of CN¥0.00. The amount of Interest Protocol traded has fallen by CN¥0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, CN¥0.00 worth of IPT has been traded.
The exchange rate of Interest Protocol is increasing. The current value of 1 IPT is CN¥0.1305 CNY. In other words, to buy 5 Interest Protocol, it would cost you CN¥0.6527 CNY. Inversely, CN¥1.00 CNY would allow you to trade for 7.66 IPT while CN¥50.00 CNY would convert to 383.04 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 CNY was CN¥0.1306 CNY and the lowest 24 hour value was 1 IPT for CN¥0.1304 CNY. Last month, 1 IPT was worth CN¥0.1311 CNY. Today, it's up 0%. Looking back a year, Interest Protocol has changed by CN¥0.1873 CNY. 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 CNY values from Today at 8:47 pm
0.5 IPT = CN¥0.06527 CNY |
1 IPT = CN¥0.1305 CNY |
5 IPT = CN¥0.6527 CNY |
10 IPT = CN¥1.31 CNY |
50 IPT = CN¥6.53 CNY |
100 IPT = CN¥13.05 CNY |
500 IPT = CN¥65.27 CNY |
1,000 IPT = CN¥130.53 CNY |
CNY to IPT values from Today at
CN¥0.50 CNY = 3.83 IPT |
CN¥1.00 CNY = 7.66 IPT |
CN¥5.00 CNY = 38.30 IPT |
CN¥10.00 CNY = 76.61 IPT |
CN¥50.00 CNY = 383.04 IPT |
CN¥100.00 CNY = 766.09 IPT |
CN¥500.00 CNY = 3,830.44 IPT |
CN¥1,000.00 CNY = 7,660.88 IPT |
IPT to CNY over time
IPT | Today | 24H 0.08% | 1M -0.43% | 1Y -43.53% |
|---|---|---|---|---|
0.5 IPT | CN¥0.06527 CNY | CN¥0.06521 CNY | CN¥0.06555 CNY | CN¥0.09367 CNY |
1 IPT | CN¥0.1305 CNY | CN¥0.1304 CNY | CN¥0.1311 CNY | CN¥0.1873 CNY |
5 IPT | CN¥0.6527 CNY | CN¥0.6521 CNY | CN¥0.6555 CNY | CN¥0.9367 CNY |
10 IPT | CN¥1.31 CNY | CN¥1.30 CNY | CN¥1.31 CNY | CN¥1.87 CNY |
50 IPT | CN¥6.53 CNY | CN¥6.52 CNY | CN¥6.56 CNY | CN¥9.37 CNY |
100 IPT | CN¥13.05 CNY | CN¥13.04 CNY | CN¥13.11 CNY | CN¥18.73 CNY |
500 IPT | CN¥65.27 CNY | CN¥65.21 CNY | CN¥65.55 CNY | CN¥93.67 CNY |
1,000 IPT | CN¥130.53 CNY | CN¥130.43 CNY | CN¥131.10 CNY | CN¥187.35 CNY |
Frequently asked questions
Right now, 1 Interest Protocol is worth about CN¥0.1305.
Based on the current rate, you could get 7.66 IPT for 1 CNY.
You can use our IPT to CNY calculator at the top of this page to convert any amount of IPT to CNY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 CNY is equivalent to 38.30 IPT. Inversely, 5 IPT will cost about CN¥0.6527
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.
Buy Interest Protocol with Coinbase Wallet
Create a Coinbase account to buy and sell Interest Protocol on the most secure crypto exchange.
Related conversions
Popular prediction markets
Discover other cryptocurrencies to currency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.