Convert Convertible JPY Token CJPY to yearn.finance YFI
CJPY to YFI: 1 Convertible JPY Token converts to 0.000002104 YFI
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About CJPY and YFI
Convertible JPY Token is falling, while yearn.finance is climbing this week. The current CJPY to YFI conversion rate is 0.000002104. Inversely, this means that if you convert 1 YFI you will get 475,268.08 CJPY. The conversion rate of CJPY/YFI has decreased by 0.06% in the last hour (YFI/CJPY increased by 0.06%). In the last 24 hours, CJPY/YFI shrunk by 3.87%, while YFI/CJPY grew by the same amount.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.000002104 YFI. In other words, to buy 5 Convertible JPY Token, it would cost you 0.00001052 YFI. Inversely, 1 YFI would allow you to trade for 475,268.08 CJPY while 50 YFI would convert to 23,763,403.98 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 3.25%. Meanwhile, in the last 24 hours, the rate has changed by 3.89%, and that the highest exchange rate of 1 CJPY to YFI was 0.000002186 YFI and the lowest 24 hour value was 1 CJPY for 0.000002079 YFI. Last month, 1 CJPY was worth 0.000002378 YFI. Today, it's down 13%. Looking back a year, Convertible JPY Token has changed by 0.000001127 YFI. That means that in a single year, the value of Convertible JPY Token has grown by 46.42%.
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.
yearn.finance Market Stats
Yearn.finance (YFI) is an Ethereum token that governs the Yearn.finance platform. The platform is a yield optimizer that moves funds around the decentralized finance (“defi”) ecosystem in an effort to generate a high return.
Conversion tables
CJPY to YFI values from Today at 12:45 am
0.5 CJPY = 0.000001052 YFI |
1 CJPY = 0.000002104 YFI |
5 CJPY = 0.00001052 YFI |
10 CJPY = 0.00002104 YFI |
50 CJPY = 0.0001052 YFI |
100 CJPY = 0.0002104 YFI |
500 CJPY = 0.001052 YFI |
1,000 CJPY = 0.002104 YFI |
YFI to CJPY values from Today at 12:47 am
0.5 YFI = 237,634.04 CJPY |
1 YFI = 475,268.08 CJPY |
5 YFI = 2,376,340.40 CJPY |
10 YFI = 4,752,680.80 CJPY |
50 YFI = 23,763,403.98 CJPY |
100 YFI = 47,526,807.96 CJPY |
500 YFI = 237,634,039.78 CJPY |
1,000 YFI = 475,268,079.55 CJPY |
CJPY to YFI over time
CJPY | Today | 24H -3.89% | 1M -13.00% | 1Y 46.42% |
|---|---|---|---|---|
0.5 CJPY | 0.000001052 YFI | 0.000001093 YFI | 0.000001189 YFI | 0.0000005637 YFI |
1 CJPY | 0.000002104 YFI | 0.000002186 YFI | 0.000002378 YFI | 0.000001127 YFI |
5 CJPY | 0.00001052 YFI | 0.00001093 YFI | 0.00001189 YFI | 0.000005637 YFI |
10 CJPY | 0.00002104 YFI | 0.00002186 YFI | 0.00002378 YFI | 0.00001127 YFI |
50 CJPY | 0.0001052 YFI | 0.0001093 YFI | 0.0001189 YFI | 0.00005637 YFI |
100 CJPY | 0.0002104 YFI | 0.0002186 YFI | 0.0002378 YFI | 0.0001127 YFI |
500 CJPY | 0.001052 YFI | 0.001093 YFI | 0.001189 YFI | 0.0005637 YFI |
1,000 CJPY | 0.002104 YFI | 0.002186 YFI | 0.002378 YFI | 0.001127 YFI |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about €0.00387.
Based on the current rate, you could get 258.42 CJPY for 1 EUR.
Convertible JPY Token price has been declining. Since yesterday, the exchange rate of Convertible JPY Token has decreased. Since last month, the exchange rate of Convertible JPY Token has increased. Since this time last year, the price of Convertible JPY Token has decreased.
You can use our CJPY to EUR calculator at the top of this page to convert any amount of CJPY to EUR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 EUR is equivalent to 1,292.09 CJPY. Inversely, 5 CJPY will cost about €0.01935
Convertible JPY Token can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Convertible JPY Token.
There are a number of crypto assets that have the a similar or comparable market cap to Convertible JPY Token, including Short-term T-Bill Token, BaseX, and Fine. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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