Convert UMA UMA to Convertible JPY Token CJPY
UMA to CJPY: 1 UMA converts to 79.68 CJPY
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About UMA and CJPY
UMA is climbing, while Convertible JPY Token is falling this week. The current UMA to CJPY conversion rate is 79.68. Inversely, this means that if you convert 1 CJPY you will get 0.01255 UMA. The conversion rate of UMA/CJPY has increased by 0.57% in the last hour (CJPY/UMA decreased by 0.57%). In the last 24 hours, UMA/CJPY grew by 3.82%, while CJPY/UMA shrunk by the same amount.
The exchange rate of UMA is increasing. The current value of 1 UMA is 79.68 CJPY. In other words, to buy 5 UMA, it would cost you 398.38 CJPY. Inversely, 1 CJPY would allow you to trade for 0.01255 UMA while 50 CJPY would convert to 0.6275 UMA, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.95%. Meanwhile, in the last 24 hours, the rate has changed by 3.51%, which means that the highest exchange rate of 1 UMA to CJPY was 80.21 CJPY and the lowest 24 hour value was 1 UMA for 76.59 CJPY. Last month, 1 UMA was worth 72.65 CJPY. Today, it's up 8.81%. Looking back a year, UMA has changed by 215.75 CJPY. That means that in a single year, the value of UMA has shrank by 170.78%.
UMA Market Stats
UMA is an Ethereum token that describes itself as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The protocol’s name comes from the team’s goal of creating universal market access (UMA).
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
UMA to CJPY values from Today at 8:05 pm
0.5 UMA = 39.84 CJPY |
1 UMA = 79.68 CJPY |
5 UMA = 398.38 CJPY |
10 UMA = 796.75 CJPY |
50 UMA = 3,983.77 CJPY |
100 UMA = 7,967.53 CJPY |
500 UMA = 39,837.66 CJPY |
1,000 UMA = 79,675.32 CJPY |
CJPY to UMA values from Today at 8:04 pm
0.5 CJPY = 0.006275 UMA |
1 CJPY = 0.01255 UMA |
5 CJPY = 0.06275 UMA |
10 CJPY = 0.1255 UMA |
50 CJPY = 0.6275 UMA |
100 CJPY = 1.26 UMA |
500 CJPY = 6.28 UMA |
1,000 CJPY = 12.55 UMA |
UMA to CJPY over time
UMA | Today | 24H 3.51% | 1M 8.81% | 1Y -170.78% |
|---|---|---|---|---|
0.5 UMA | 39.84 CJPY | 38.44 CJPY | 36.33 CJPY | 107.87 CJPY |
1 UMA | 79.68 CJPY | 76.88 CJPY | 72.65 CJPY | 215.75 CJPY |
5 UMA | 398.38 CJPY | 384.38 CJPY | 363.26 CJPY | 1,078.73 CJPY |
10 UMA | 796.75 CJPY | 768.76 CJPY | 726.53 CJPY | 2,157.47 CJPY |
50 UMA | 3,983.77 CJPY | 3,843.82 CJPY | 3,632.63 CJPY | 10,787.33 CJPY |
100 UMA | 7,967.53 CJPY | 7,687.63 CJPY | 7,265.27 CJPY | 21,574.66 CJPY |
500 UMA | 39,837.66 CJPY | 38,438.16 CJPY | 36,326.33 CJPY | 107,873.28 CJPY |
1,000 UMA | 79,675.32 CJPY | 76,876.31 CJPY | 72,652.65 CJPY | 215,746.56 CJPY |
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