Convert Backed IBTA $ Treasury Bond 1-3yr BIBTA to Raydium RAY
BIBTA to RAY: 1 Backed IBTA $ Treasury Bond 1-3yr converts to 3.94 RAY
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About BIBTA and RAY
Backed IBTA $ Treasury Bond 1-3yr is climbing, while Raydium is falling this week. The current BIBTA to RAY conversion rate is 3.94. Inversely, this means that if you convert 1 RAY you will get 0.254 BIBTA. The conversion rate of BIBTA/RAY has decreased by 0.01% in the last hour (RAY/BIBTA increased by 0.01%). In the last 24 hours, BIBTA/RAY grew by 7.36%, while RAY/BIBTA shrunk by 6.85%.
The exchange rate of Backed IBTA $ Treasury Bond 1-3yr is increasing. The current value of 1 BIBTA is 3.94 RAY. In other words, to buy 5 Backed IBTA $ Treasury Bond 1-3yr, it would cost you 19.69 RAY. Inversely, 1 RAY would allow you to trade for 0.254 BIBTA while 50 RAY would convert to 12.70 BIBTA, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 17.65%. Meanwhile, in the last 24 hours, the rate has changed by 7.85%, which means that the highest exchange rate of 1 BIBTA to RAY was 3.96 RAY and the lowest 24 hour value was 1 BIBTA for 3.65 RAY. Last month, 1 BIBTA was worth 3.02 RAY. Today, it's up 30.49%. Looking back a year, Backed IBTA $ Treasury Bond 1-3yr has changed by 4.40 RAY. That means that in a single year, the value of Backed IBTA $ Treasury Bond 1-3yr has shrank by 10.5%.
Backed IBTA $ Treasury Bond 1-3yr Market Stats
What is the project about? Backed brings real-world assets (RWAs) such as stocks or ETFs to blockchain rails. For example, our product bIBTA tracks the iShares $ Treasury Bond 1-3yr UCITS ETF, aiming to reflect an index of USD bonds by the US Treasury with 1-3yr maturities. What makes your project unique? Backed issues permissionless tokens (bTokens) that represent ownership of structured products. Backed tokens are 1:1 backed by the underlying assets, held by Swiss third-party custodians, and are bankruptcy remote book-entry securities. History of your project. Backed was incorporated in 2021 in Switzerland due to the regulatory clarity the Swiss DLT Act provided to the project. Backed released its first tokenized product on Ethereum in early Q1 2023. Backed now supports issuance and redemption on many different blockchains. What’s next for your project? Backed is working to create the standard for tokenization with a network of protocols benefitting from RWAs on-chain. What can your token be used for? Backed enables clients to access sustainable, low-risk yields while keeping their funds entirely on-chain. There is no need to go through TradFi onboarding processes or off-ramp crypto to fiat. bTokens are utilized by the likes of Gnosis, Angle Protocol, Ribbon Finance, Aragon, and Blueberry to name a few. Disclaimer: Backed Finance AG and its subsidiary Backed Assets GmbH are not affiliates of or licensed by BlackRock Inc, BlackRock Fund Advisors and any of its affiliates ("BlackRock"). BlackRock is not responsible in any way to bIB01 products. Backed DOES NOT sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons, and tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. For a full list of prohibited and restricted countries and review of legal documentation, please visit (edited)
Raydium Market Stats
RAY is the native utility token for Raydium, an automated market maker (AMM) and decentralized exchange built on the Solana blockchain. Holders can stake RAY to earn a portion of protocol fees, participate in initial DEX offerings (IDOs), and vote on governance proposals regarding the platform’s development.
Conversion tables
BIBTA to RAY values from Today at 4:04 am
0.5 BIBTA = 1.97 RAY |
1 BIBTA = 3.94 RAY |
5 BIBTA = 19.69 RAY |
10 BIBTA = 39.37 RAY |
50 BIBTA = 196.85 RAY |
100 BIBTA = 393.70 RAY |
500 BIBTA = 1,968.51 RAY |
1,000 BIBTA = 3,937.03 RAY |
RAY to BIBTA values from Today at 4:05 am
0.5 RAY = 0.127 BIBTA |
1 RAY = 0.254 BIBTA |
5 RAY = 1.27 BIBTA |
10 RAY = 2.54 BIBTA |
50 RAY = 12.70 BIBTA |
100 RAY = 25.40 BIBTA |
500 RAY = 127.00 BIBTA |
1,000 RAY = 254.00 BIBTA |
BIBTA to RAY over time
BIBTA | Today | 24H 7.28% | 1M 23.37% | 1Y -11.73% |
|---|---|---|---|---|
0.5 BIBTA | 1.97 RAY | 1.83 RAY | 1.51 RAY | 2.20 RAY |
1 BIBTA | 3.94 RAY | 3.65 RAY | 3.02 RAY | 4.40 RAY |
5 BIBTA | 19.69 RAY | 18.25 RAY | 15.09 RAY | 21.99 RAY |
10 BIBTA | 39.37 RAY | 36.51 RAY | 30.17 RAY | 43.99 RAY |
50 BIBTA | 196.85 RAY | 182.53 RAY | 150.86 RAY | 219.94 RAY |
100 BIBTA | 393.70 RAY | 365.06 RAY | 301.71 RAY | 439.87 RAY |
500 BIBTA | 1,968.51 RAY | 1,825.29 RAY | 1,508.55 RAY | 2,199.35 RAY |
1,000 BIBTA | 3,937.03 RAY | 3,650.57 RAY | 3,017.11 RAY | 4,398.70 RAY |
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