Convert Steakhouse USDC (Base) Morpho Vault STEAKUSDC to Convertible JPY Token CJPY
STEAKUSDC to CJPY: 1 Steakhouse USDC (Base) Morpho Vault converts to 221.23 CJPY
About STEAKUSDC and CJPY
Steakhouse USDC (Base) Morpho Vault is falling, while Convertible JPY Token is climbing this week. The current STEAKUSDC to CJPY conversion rate is 221.23. Inversely, this means that if you convert 1 CJPY you will get 0.00452 STEAKUSDC. The conversion rate of STEAKUSDC/CJPY has increased by 0% in the last hour (CJPY/STEAKUSDC decreased by 0%). In the last 24 hours, STEAKUSDC/CJPY shrunk by 0.49%, while CJPY/STEAKUSDC grew by 0.5%.
The exchange rate of Steakhouse USDC (Base) Morpho Vault is decreasing. The current value of 1 STEAKUSDC is 221.23 CJPY. In other words, to buy 5 Steakhouse USDC (Base) Morpho Vault, it would cost you 1,106.15 CJPY. Inversely, 1 CJPY would allow you to trade for 0.00452 STEAKUSDC while 50 CJPY would convert to 0.226 STEAKUSDC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.31%. Meanwhile, in the last 24 hours, the rate has changed by 0.56%, which means that the highest exchange rate of 1 STEAKUSDC to CJPY was 223.49 CJPY and the lowest 24 hour value was 1 STEAKUSDC for 221.14 CJPY. Last month, 1 STEAKUSDC was worth 215.34 CJPY. Today, it's up 2.73%. Looking back a year, Steakhouse USDC (Base) Morpho Vault has changed by 195.45 CJPY. That means that in a single year, the value of Steakhouse USDC (Base) Morpho Vault has grown by 13.19%.
Steakhouse USDC (Base) Morpho Vault Market Stats
Steakhouse vaults aims to optimize yields by lending deposited assets against blue chip crypto and real world asset (RWA) collateral markets, depending on market conditions. We call this the "dual engine." Morpho Vaults are curated lending vaults that can allocate deposits to any number of Morpho Markets. Each vault is customizable and has a different risk profile. Curators are independent, third-party risk experts who use their expertise to offer various Morpho Vaults.
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.
Conversion tables
STEAKUSDC to CJPY values from Today at 1:32 pm
0.5 STEAKUSDC = 110.61 CJPY |
1 STEAKUSDC = 221.23 CJPY |
5 STEAKUSDC = 1,106.15 CJPY |
10 STEAKUSDC = 2,212.29 CJPY |
50 STEAKUSDC = 11,061.47 CJPY |
100 STEAKUSDC = 22,122.93 CJPY |
500 STEAKUSDC = 110,614.66 CJPY |
1,000 STEAKUSDC = 221,229.33 CJPY |
CJPY to STEAKUSDC values from Today at 1:31 pm
0.5 CJPY = 0.00226 STEAKUSDC |
1 CJPY = 0.00452 STEAKUSDC |
5 CJPY = 0.0226 STEAKUSDC |
10 CJPY = 0.0452 STEAKUSDC |
50 CJPY = 0.226 STEAKUSDC |
100 CJPY = 0.452 STEAKUSDC |
500 CJPY = 2.26 STEAKUSDC |
1,000 CJPY = 4.52 STEAKUSDC |
STEAKUSDC to CJPY over time
STEAKUSDC | Today | 24H -0.57% | 1M 2.66% | 1Y 11.65% |
|---|---|---|---|---|
0.5 STEAKUSDC | 110.61 CJPY | 111.24 CJPY | 107.67 CJPY | 97.72 CJPY |
1 STEAKUSDC | 221.23 CJPY | 222.49 CJPY | 215.34 CJPY | 195.45 CJPY |
5 STEAKUSDC | 1,106.15 CJPY | 1,112.43 CJPY | 1,076.71 CJPY | 977.23 CJPY |
10 STEAKUSDC | 2,212.29 CJPY | 2,224.85 CJPY | 2,153.41 CJPY | 1,954.47 CJPY |
50 STEAKUSDC | 11,061.47 CJPY | 11,124.27 CJPY | 10,767.05 CJPY | 9,772.34 CJPY |
100 STEAKUSDC | 22,122.93 CJPY | 22,248.55 CJPY | 21,534.11 CJPY | 19,544.68 CJPY |
500 STEAKUSDC | 110,614.66 CJPY | 111,242.75 CJPY | 107,670.53 CJPY | 97,723.41 CJPY |
1,000 STEAKUSDC | 221,229.33 CJPY | 222,485.50 CJPY | 215,341.06 CJPY | 195,446.82 CJPY |
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