Convertible JPY TokenCJPY
Convert CJPY to your currency
Last Updated on Oct 05, 2025 11:11 PM
What is Convertible JPY Token?
About the coin
CJPY represents a collateral debt position issued on Yamato Protocol, a decentralized and non-custodial platform on Ethereum developed by DeFiGeek Community Japan. It serves as an ETH overcollateralized stablecoin designed to maintain a peg to the Japanese Yen. The Yamato protocol plans to expand to include various tokens as collateral and introduce a range of fiat stablecoins, initially including USD and EUR pegs.
Main features
Yamato Protocol distinguishes itself through five attributes as a decentralized and non-custodial crypto overcollateralized stablecoin:
- High Collateral Factor: The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral.
- Absence of Accrued Interest: Users are subject solely to a one-time issuance fee upon generating CJPY.
- 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.
- Redemption by protocol: Accrued CJPY fees on protocol can be used to redeem debt positions under threshold.
- Subrogation Mechanism: The protocol employs the accumulated CJPY fees to subrogate debt positions falling below the 100% health rate threshold.
How it works
The project began in January 2021, with the DeFiGeek Community Japan developing the Yamato Protocol. The community has been inclusive, welcoming developers and contributors eager to enhance DeFi applications and tools for advancing Web3 technology. Key milestones include the alpha testing phase in November 2021, beta testing in January 2022, and the launch of version 1 on the Ethereum mainnet in July 2023. Future plans include introducing a DAO utility token and enabling the issuance of additional stablecoins like CEUR and CUSD. CJPY is anticipated to be adopted across various DeFi Dapps, including DEX and lending protocols, and holds potential as a payment medium within the Japanese crypto business ecosystem.
Wallet for Convertible JPY Token
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Convertible JPY Token
- Ethereum
Metrics
Insights
Price performance
Another
Links
Social
Repository
Blockchain site
Convertible JPY Token FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- "Binanceis one of the largest and most well-known cryptocurrency exchanges in the world, offering a comprehensive range of trading options and features. For Japanese traders, Binance provides a highly versatile platform that supports a vast selection of cryptocurrencies and offers competitive fees.
- JPY Coin (JPYC)emerged as a significant player in the stablecoin market, particularly within Japan. Launched in January 2021, JPYC is pegged to the Japanese Yen at a 1:1 ratio, making it a stablecoin designed to facilitate seamless transactions in the cryptocurrency world while adhering to Japanese regulations.
How to secure Convertible JPY Token with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose Convertible JPY Token wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
Stay connected.
Don’t miss out on our progress and latest updates. Have an impact — join our community today!
🎉 You've unlocked 15% OFF!
Use 15OFFRING — valid for Tangem Ring till 30/09/2025 | Tap & Get