Convert Convertible JPY Token CJPY to Lido wstETH WSTETH
CJPY to WSTETH: 1 Convertible JPY Token converts to 0.000001651 WSTETH
About CJPY and WSTETH
Convertible JPY Token is climbing, while Lido wstETH is falling this week. The current CJPY to WSTETH conversion rate is 0.000001651. Inversely, this means that if you convert 1 WSTETH you will get 605,647.55 CJPY. The conversion rate of CJPY/WSTETH has decreased by 0.08% in the last hour (WSTETH/CJPY increased by 0.08%). In the last 24 hours, CJPY/WSTETH grew by 0.64%, while WSTETH/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.000001651 WSTETH. In other words, to buy 5 Convertible JPY Token, it would cost you 0.000008256 WSTETH. Inversely, 1 WSTETH would allow you to trade for 605,647.55 CJPY while 50 WSTETH would convert to 30,282,377.66 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 6.83%. Meanwhile, in the last 24 hours, the rate has changed by 0.72%, which means that the highest exchange rate of 1 CJPY to WSTETH was 0.000001698 WSTETH and the lowest 24 hour value was 1 CJPY for 0.000001639 WSTETH. Last month, 1 CJPY was worth 0.000001664 WSTETH. Today, it's down 0.8%. Looking back a year, Convertible JPY Token has changed by 0.000001099 WSTETH. That means that in a single year, the value of Convertible JPY Token has grown by 33.47%.
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.
Lido wstETH Market Stats
Conversion tables
CJPY to WSTETH values from Today at 5:01 pm
0.5 CJPY = 0.0000008256 WSTETH |
1 CJPY = 0.000001651 WSTETH |
5 CJPY = 0.000008256 WSTETH |
10 CJPY = 0.00001651 WSTETH |
50 CJPY = 0.00008256 WSTETH |
100 CJPY = 0.0001651 WSTETH |
500 CJPY = 0.0008256 WSTETH |
1,000 CJPY = 0.001651 WSTETH |
WSTETH to CJPY values from Today at 5:01 pm
0.5 WSTETH = 302,823.78 CJPY |
1 WSTETH = 605,647.55 CJPY |
5 WSTETH = 3,028,237.77 CJPY |
10 WSTETH = 6,056,475.53 CJPY |
50 WSTETH = 30,282,377.66 CJPY |
100 WSTETH = 60,564,755.31 CJPY |
500 WSTETH = 302,823,776.55 CJPY |
1,000 WSTETH = 605,647,553.10 CJPY |
CJPY to WSTETH over time
CJPY | Today | 24H 0.72% | 1M -0.80% | 1Y 33.47% |
|---|---|---|---|---|
0.5 CJPY | 0.0000008256 WSTETH | 0.0000008196 WSTETH | 0.0000008322 WSTETH | 0.0000005493 WSTETH |
1 CJPY | 0.000001651 WSTETH | 0.000001639 WSTETH | 0.000001664 WSTETH | 0.000001099 WSTETH |
5 CJPY | 0.000008256 WSTETH | 0.000008196 WSTETH | 0.000008322 WSTETH | 0.000005493 WSTETH |
10 CJPY | 0.00001651 WSTETH | 0.00001639 WSTETH | 0.00001664 WSTETH | 0.00001099 WSTETH |
50 CJPY | 0.00008256 WSTETH | 0.00008196 WSTETH | 0.00008322 WSTETH | 0.00005493 WSTETH |
100 CJPY | 0.0001651 WSTETH | 0.0001639 WSTETH | 0.0001664 WSTETH | 0.0001099 WSTETH |
500 CJPY | 0.0008256 WSTETH | 0.0008196 WSTETH | 0.0008322 WSTETH | 0.0005493 WSTETH |
1,000 CJPY | 0.001651 WSTETH | 0.001639 WSTETH | 0.001664 WSTETH | 0.001099 WSTETH |
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