Convert Interest Protocol IPT to British Pound GBP
IPT to GBP: 1 Interest Protocol converts to £0.01467 GBP as of October 15 at 11:07 AM
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About Interest Protocol
Interest Protocol is falling this week. The current price of Interest Protocol is £0.01467 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 £0.01467 GBP. In other words, to buy 5 Interest Protocol, it would cost you £0.07333 GBP. Inversely, £1.00 GBP would allow you to trade for 68.18 IPT while £50.00 GBP would convert to 3,409.08 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 £0.0148 GBP and the lowest 24 hour value was 1 IPT for £0.01465 GBP. Last month, 1 IPT was worth £0.01441 GBP. Today, it's up 0%. Looking back a year, Interest Protocol has changed by £0.01957 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 11:07 am
0.5 IPT = £0.007333 GBP |
1 IPT = £0.01467 GBP |
5 IPT = £0.07333 GBP |
10 IPT = £0.1467 GBP |
50 IPT = £0.7333 GBP |
100 IPT = £1.47 GBP |
500 IPT = £7.33 GBP |
1,000 IPT = £14.67 GBP |
GBP to IPT values from Today at 2:48 pm
£0.50 GBP = 34.09 IPT |
£1.00 GBP = 68.18 IPT |
£5.00 GBP = 340.91 IPT |
£10.00 GBP = 681.82 IPT |
£50.00 GBP = 3,409.08 IPT |
£100.00 GBP = 6,818.17 IPT |
£500.00 GBP = 34,090.84 IPT |
£1,000.00 GBP = 68,181.67 IPT |
IPT to GBP over time
IPT | Today | 24H -7,497.91% | 1M -7,367.04% | 1Y -10,046.48% |
|---|---|---|---|---|
0.5 IPT | £0.007333 GBP | £0.007329 GBP | £0.007203 GBP | £0.009787 GBP |
1 IPT | £0.01467 GBP | £0.01466 GBP | £0.01441 GBP | £0.01957 GBP |
5 IPT | £0.07333 GBP | £0.07329 GBP | £0.07203 GBP | £0.09787 GBP |
10 IPT | £0.1467 GBP | £0.1466 GBP | £0.1441 GBP | £0.1957 GBP |
50 IPT | £0.7333 GBP | £0.7329 GBP | £0.7203 GBP | £0.9787 GBP |
100 IPT | £1.47 GBP | £1.47 GBP | £1.44 GBP | £1.96 GBP |
500 IPT | £7.33 GBP | £7.33 GBP | £7.20 GBP | £9.79 GBP |
1,000 IPT | £14.67 GBP | £14.66 GBP | £14.41 GBP | £19.57 GBP |
Frequently asked questions
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