Convert Convertible JPY Token CJPY to Wrapped Savings rUSD WSRUSD
CJPY to WSRUSD: 1 Convertible JPY Token converts to 0.004595 WSRUSD
About CJPY and WSRUSD
Convertible JPY Token is falling, while Wrapped Savings rUSD is climbing this week. The current CJPY to WSRUSD conversion rate is 0.004595. Inversely, this means that if you convert 1 WSRUSD you will get 217.60 CJPY. The conversion rate of CJPY/WSRUSD has decreased by 0.04% in the last hour (WSRUSD/CJPY increased by 0.04%). In the last 24 hours, CJPY/WSRUSD shrunk by 1.58%, while WSRUSD/CJPY grew by 1.6%.
The exchange rate of Convertible JPY Token is decreasing. The current value of 1 CJPY is 0.004595 WSRUSD. In other words, to buy 5 Convertible JPY Token, it would cost you 0.022977 WSRUSD. Inversely, 1 WSRUSD would allow you to trade for 217.60 CJPY while 50 WSRUSD would convert to 10,880.24 CJPY, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.61%. Meanwhile, in the last 24 hours, the rate has changed by 1.43%, and that the highest exchange rate of 1 CJPY to WSRUSD was 0.004669 WSRUSD and the lowest 24 hour value was 1 CJPY for 0.004567 WSRUSD. Last month, 1 CJPY was worth 0.004701 WSRUSD. Today, it's down 2.25%. Looking back a year, Convertible JPY Token has changed by 0.005161 WSRUSD. That means that in a single year, the value of Convertible JPY Token has shrank by 10.95%.
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.
Wrapped Savings rUSD Market Stats
Reservoir is a multicollateral yield bearing stablecoin backed by RWAs and onchain strategies (tbills, overcollateralized onchain lending, funding rate strategies). This flexible infrastructure allows for consistently high yields paid out to through varying market conditions and sets up Reservoir to be the primary candidate for looping strategies. Reservoir is live on Ethereum & Berachain and recently crossed $250m in TVL.
Conversion tables
CJPY to WSRUSD values from Today at 2:05 am
0.5 CJPY = 0.002298 WSRUSD |
1 CJPY = 0.004595 WSRUSD |
5 CJPY = 0.02298 WSRUSD |
10 CJPY = 0.04595 WSRUSD |
50 CJPY = 0.2298 WSRUSD |
100 CJPY = 0.4595 WSRUSD |
500 CJPY = 2.30 WSRUSD |
1,000 CJPY = 4.60 WSRUSD |
WSRUSD to CJPY values from Today at 2:06 am
0.5 WSRUSD = 108.80 CJPY |
1 WSRUSD = 217.60 CJPY |
5 WSRUSD = 1,088.02 CJPY |
10 WSRUSD = 2,176.05 CJPY |
50 WSRUSD = 10,880.24 CJPY |
100 WSRUSD = 21,760.48 CJPY |
500 WSRUSD = 108,802.41 CJPY |
1,000 WSRUSD = 217,604.82 CJPY |
CJPY to WSRUSD over time
CJPY | Today | 24H -1.45% | 1M -2.30% | 1Y -12.30% |
|---|---|---|---|---|
0.5 CJPY | 0.002298 WSRUSD | 0.002331 WSRUSD | 0.002351 WSRUSD | 0.00258 WSRUSD |
1 CJPY | 0.004595 WSRUSD | 0.004662 WSRUSD | 0.004701 WSRUSD | 0.005161 WSRUSD |
5 CJPY | 0.02298 WSRUSD | 0.02331 WSRUSD | 0.02351 WSRUSD | 0.0258 WSRUSD |
10 CJPY | 0.04595 WSRUSD | 0.04662 WSRUSD | 0.04701 WSRUSD | 0.05161 WSRUSD |
50 CJPY | 0.2298 WSRUSD | 0.2331 WSRUSD | 0.2351 WSRUSD | 0.258 WSRUSD |
100 CJPY | 0.4595 WSRUSD | 0.4662 WSRUSD | 0.4701 WSRUSD | 0.5161 WSRUSD |
500 CJPY | 2.30 WSRUSD | 2.33 WSRUSD | 2.35 WSRUSD | 2.58 WSRUSD |
1,000 CJPY | 4.60 WSRUSD | 4.66 WSRUSD | 4.70 WSRUSD | 5.16 WSRUSD |
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