Convert Interest Protocol IPT to British Pound GBP
IPT to GBP: 1 Interest Protocol converts to £0.01444 GBP as of November 4 at 2:32 AM
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About Interest Protocol
Interest Protocol is falling this week. The current price of Interest Protocol is £0.01444 per IPT. With a circulating supply of 0 IPT, it means that Interest Protocol has a total market cap of £0.00. The amount of Interest Protocol traded has fallen by £0.00 in the last 24 hours, which is a 0.00% decrease. Additionally, in the last day, £0.00 worth of IPT has been traded.
The exchange rate of Interest Protocol is increasing. The current value of 1 IPT is £0.01444 GBP. In other words, to buy 5 Interest Protocol, it would cost you £0.07221 GBP. Inversely, £1.00 GBP would allow you to trade for 69.24 IPT while £50.00 GBP would convert to 3,462.18 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 GBP was £0.01451 GBP and the lowest 24 hour value was 1 IPT for £0.01443 GBP. Last month, 1 IPT was worth £0.01468 GBP. Today, it's up 0%. Looking back a year, Interest Protocol has changed by £0.02023 GBP. 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 GBP values from Today at 2:32 am
0.5 IPT = £0.007221 GBP |
1 IPT = £0.01444 GBP |
5 IPT = £0.07221 GBP |
10 IPT = £0.1444 GBP |
50 IPT = £0.7221 GBP |
100 IPT = £1.44 GBP |
500 IPT = £7.22 GBP |
1,000 IPT = £14.44 GBP |
GBP to IPT values from Today at 2:48 pm
£0.50 GBP = 34.62 IPT |
£1.00 GBP = 69.24 IPT |
£5.00 GBP = 346.22 IPT |
£10.00 GBP = 692.44 IPT |
£50.00 GBP = 3,462.18 IPT |
£100.00 GBP = 6,924.35 IPT |
£500.00 GBP = 34,621.76 IPT |
£1,000.00 GBP = 69,243.52 IPT |
IPT to GBP over time
IPT | Today | 24H -341.47% | 1M -346.69% | 1Y -515.37% |
|---|---|---|---|---|
0.5 IPT | £0.007221 GBP | £0.007255 GBP | £0.007341 GBP | £0.01011 GBP |
1 IPT | £0.01444 GBP | £0.01451 GBP | £0.01468 GBP | £0.02023 GBP |
5 IPT | £0.07221 GBP | £0.07255 GBP | £0.07341 GBP | £0.1011 GBP |
10 IPT | £0.1444 GBP | £0.1451 GBP | £0.1468 GBP | £0.2023 GBP |
50 IPT | £0.7221 GBP | £0.7255 GBP | £0.7341 GBP | £1.01 GBP |
100 IPT | £1.44 GBP | £1.45 GBP | £1.47 GBP | £2.02 GBP |
500 IPT | £7.22 GBP | £7.25 GBP | £7.34 GBP | £10.11 GBP |
1,000 IPT | £14.44 GBP | £14.51 GBP | £14.68 GBP | £20.23 GBP |
Frequently asked questions
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