Convert Convertible JPY Token CJPY to Steakhouse USDC (Base) Morpho Vault STEAKUSDC
CJPY to STEAKUSDC: 1 Convertible JPY Token converts to 0.004707 STEAKUSDC
About CJPY and STEAKUSDC
Convertible JPY Token is climbing, while Steakhouse USDC (Base) Morpho Vault is falling this week. The current CJPY to STEAKUSDC conversion rate is 0.004707. Inversely, this means that if you convert 1 STEAKUSDC you will get 212.46 CJPY. The conversion rate of CJPY/STEAKUSDC has increased by 0.47% in the last hour (STEAKUSDC/CJPY decreased by 0.47%). In the last 24 hours, CJPY/STEAKUSDC grew by 1.73%, while STEAKUSDC/CJPY shrunk by the same amount.
The exchange rate of Convertible JPY Token is increasing. The current value of 1 CJPY is 0.004707 STEAKUSDC. In other words, to buy 5 Convertible JPY Token, it would cost you 0.023533 STEAKUSDC. Inversely, 1 STEAKUSDC would allow you to trade for 212.46 CJPY while 50 STEAKUSDC would convert to 10,623.24 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 12.6%. Meanwhile, in the last 24 hours, the rate has changed by 0.98%, which means that the highest exchange rate of 1 CJPY to STEAKUSDC was 0.00474 STEAKUSDC and the lowest 24 hour value was 1 CJPY for 0.004652 STEAKUSDC. Last month, 1 CJPY was worth 0.004112 STEAKUSDC. Today, it's up 12.64%. Looking back a year, Convertible JPY Token has changed by 0.006039 STEAKUSDC. That means that in a single year, the value of Convertible JPY Token has shrank by 28.31%.
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.
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.
Conversion tables
CJPY to STEAKUSDC values from Today at 1:03 pm
0.5 CJPY = 0.002353 STEAKUSDC |
1 CJPY = 0.004707 STEAKUSDC |
5 CJPY = 0.02353 STEAKUSDC |
10 CJPY = 0.04707 STEAKUSDC |
50 CJPY = 0.2353 STEAKUSDC |
100 CJPY = 0.4707 STEAKUSDC |
500 CJPY = 2.35 STEAKUSDC |
1,000 CJPY = 4.71 STEAKUSDC |
STEAKUSDC to CJPY values from Today at 1:04 pm
0.5 STEAKUSDC = 106.23 CJPY |
1 STEAKUSDC = 212.46 CJPY |
5 STEAKUSDC = 1,062.32 CJPY |
10 STEAKUSDC = 2,124.65 CJPY |
50 STEAKUSDC = 10,623.24 CJPY |
100 STEAKUSDC = 21,246.48 CJPY |
500 STEAKUSDC = 106,232.40 CJPY |
1,000 STEAKUSDC = 212,464.80 CJPY |
CJPY to STEAKUSDC over time
CJPY | Today | 24H 0.98% | 1M 12.64% | 1Y -28.31% |
|---|---|---|---|---|
0.5 CJPY | 0.002353 STEAKUSDC | 0.00233 STEAKUSDC | 0.002056 STEAKUSDC | 0.00302 STEAKUSDC |
1 CJPY | 0.004707 STEAKUSDC | 0.004661 STEAKUSDC | 0.004112 STEAKUSDC | 0.006039 STEAKUSDC |
5 CJPY | 0.02353 STEAKUSDC | 0.0233 STEAKUSDC | 0.02056 STEAKUSDC | 0.0302 STEAKUSDC |
10 CJPY | 0.04707 STEAKUSDC | 0.04661 STEAKUSDC | 0.04112 STEAKUSDC | 0.06039 STEAKUSDC |
50 CJPY | 0.2353 STEAKUSDC | 0.233 STEAKUSDC | 0.2056 STEAKUSDC | 0.302 STEAKUSDC |
100 CJPY | 0.4707 STEAKUSDC | 0.4661 STEAKUSDC | 0.4112 STEAKUSDC | 0.6039 STEAKUSDC |
500 CJPY | 2.35 STEAKUSDC | 2.33 STEAKUSDC | 2.06 STEAKUSDC | 3.02 STEAKUSDC |
1,000 CJPY | 4.71 STEAKUSDC | 4.66 STEAKUSDC | 4.11 STEAKUSDC | 6.04 STEAKUSDC |
Frequently asked questions
Right now, 1 Convertible JPY Token is worth about MX$0.08786.
Based on the current rate, you could get 11.38 CJPY for 1 MXN.
Convertible JPY Token price has been on the rise. Since yesterday, the exchange rate of Convertible JPY Token has increased. 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 MXN calculator at the top of this page to convert any amount of CJPY to MXN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MXN is equivalent to 56.91 CJPY. Inversely, 5 CJPY will cost about MX$0.4393
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 Nyan Cat (nyancoin.io), Recovery Right Token, and Bird Dog. For a more robust list of assets to explore, jump to the asset page dedicated to Convertible JPY Token.
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