Convert Treehouse ETH TETH to Convertible JPY Token CJPY
TETH to CJPY: 1 Treehouse ETH converts to 613,463.44 CJPY
About TETH and CJPY
Treehouse ETH is climbing, while Convertible JPY Token is falling this week. The current TETH to CJPY conversion rate is 613,463.44. Inversely, this means that if you convert 1 CJPY you will get 0.00000163 TETH. The conversion rate of TETH/CJPY has decreased by 0.04% in the last hour (CJPY/TETH increased by 0.04%). In the last 24 hours, TETH/CJPY grew by 1.21%, while CJPY/TETH shrunk by the same amount.
The exchange rate of Treehouse ETH is increasing. The current value of 1 TETH is 613,463.44 CJPY. In other words, to buy 5 Treehouse ETH, it would cost you 3,067,317.21 CJPY. Inversely, 1 CJPY would allow you to trade for 0.00000163 TETH while 50 CJPY would convert to 0.0000815 TETH, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 6.33%. Meanwhile, in the last 24 hours, the rate has changed by 1.5%, and that the highest exchange rate of 1 TETH to CJPY was 613,014.70 CJPY and the lowest 24 hour value was 1 TETH for 592,159.83 CJPY. Last month, 1 TETH was worth 603,359.34 CJPY. Today, it's up 1.65%. Looking back a year, Treehouse ETH has changed by 913,429.52 CJPY. That means that in a single year, the value of Treehouse ETH has shrank by 48.9%.
Treehouse ETH Market Stats
tETH is a liquid staking token (LST) that converges the fragmented on-chain ETH interest rates market. Holders of tETH earn real yield in excess of Ethereum’s Proof-of-Stake (PoS) rewards through interest rate arbitrage while still being able to use tETH for DeFi activities. tETH is also foundational to supporting the eventual implementation of Treehouse’s Decentralized Offered Rates (DOR) consensus mechanism as well as the Treehouse Actively Validated Service (AVS).
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
TETH to CJPY values from Today at 11:14 pm
0.5 TETH = 306,731.72 CJPY |
1 TETH = 613,463.44 CJPY |
5 TETH = 3,067,317.21 CJPY |
10 TETH = 6,134,634.43 CJPY |
50 TETH = 30,673,172.13 CJPY |
100 TETH = 61,346,344.26 CJPY |
500 TETH = 306,731,721.28 CJPY |
1,000 TETH = 613,463,442.56 CJPY |
CJPY to TETH values from Today at 11:14 pm
0.5 CJPY = 0.000000815 TETH |
1 CJPY = 0.00000163 TETH |
5 CJPY = 0.00000815 TETH |
10 CJPY = 0.0000163 TETH |
50 CJPY = 0.0000815 TETH |
100 CJPY = 0.000163 TETH |
500 CJPY = 0.000815 TETH |
1,000 CJPY = 0.00163 TETH |
TETH to CJPY over time
TETH | Today | 24H 1.50% | 1M 1.65% | 1Y -48.90% |
|---|---|---|---|---|
0.5 TETH | 306,731.72 CJPY | 302,117.41 CJPY | 301,679.67 CJPY | 456,714.76 CJPY |
1 TETH | 613,463.44 CJPY | 604,234.83 CJPY | 603,359.34 CJPY | 913,429.52 CJPY |
5 TETH | 3,067,317.21 CJPY | 3,021,174.15 CJPY | 3,016,796.70 CJPY | 4,567,147.61 CJPY |
10 TETH | 6,134,634.43 CJPY | 6,042,348.29 CJPY | 6,033,593.40 CJPY | 9,134,295.23 CJPY |
50 TETH | 30,673,172.13 CJPY | 30,211,741.47 CJPY | 30,167,966.98 CJPY | 45,671,476.14 CJPY |
100 TETH | 61,346,344.26 CJPY | 60,423,482.95 CJPY | 60,335,933.97 CJPY | 91,342,952.28 CJPY |
500 TETH | 306,731,721.28 CJPY | 302,117,414.75 CJPY | 301,679,669.84 CJPY | 456,714,761.41 CJPY |
1,000 TETH | 613,463,442.56 CJPY | 604,234,829.49 CJPY | 603,359,339.68 CJPY | 913,429,522.83 CJPY |
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