Trading activity:
Reported 24-hour volume equals 0.06% of market capitalization. The local markets snapshot lists Curve (Ethereum) and Uniswap V4 (Ethereum) among venues with observed trading activity.
YearBull indicators:
This asset is classified as a stablecoin and is excluded from the analytical YearBull Rank, Bull Score, YB Market Risk, and Cycle sequence.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-10-27.Data history: 90 days available in the latest 90-day window.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is Convertible JPY Token (CJPY)?
Source description
“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.”
This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
Convertible JPY Token (CJPY) FAQ
How is CJPY described in relation to Yamato Protocol’s collateral system?
The project describes CJPY as a collateral debt position issued through Yamato Protocol, a decentralized and non-custodial platform on Ethereum. It is presented as an ETH-overcollateralized stablecoin intended to maintain a peg to the Japanese yen. Users generate CJPY against deposited ETH, with the protocol’s stated minimum health rate set at 130%.
What does Yamato Protocol’s one-time issuance fee model mean for CJPY users?
According to the project, CJPY debt positions do not accumulate interest over time. Instead, users are subject to a one-time issuance fee when generating CJPY. This structure distinguishes the protocol’s stated borrowing model from systems where the outstanding debt continually increases through recurring interest charges.
How does the protocol describe liquidation and redemption for under-collateralized positions?
The project states that Yamato Protocol does not impose a liquidation penalty and does not use forced liquidation in the conventional sense. Debt positions below the 130% health-rate threshold may be redeemed by users holding CJPY acquired from the market. The protocol also describes using accumulated CJPY fees to redeem positions below the required threshold.
What is Yamato Protocol’s subrogation mechanism?
Yamato Protocol describes a subrogation mechanism for debt positions whose health rate falls below 100%. Under this approach, accumulated CJPY fees held by the protocol are used to subrogate those positions. The mechanism is presented as a way to address severely under-collateralized debt while supporting the protocol’s non-forced-liquidation model.
Which future extensions does the project associate with CJPY and Yamato Protocol?
The project’s roadmap describes potential expansion beyond CJPY. It states that Yamato Protocol may support additional collateral tokens and introduce other fiat-pegged stablecoins, initially including CEUR and CUSD. The roadmap also mentions a planned DAO utility token and vote-escrowed governance, although these features are described as anticipated milestones rather than current CJPY functionality.
Convertible JPY Token metric comparison
This comparison is a stored snapshot generated 2026-10-23 06:31 UTC from 293 daily observations available from 2025-12-30 through 2026-10-23. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.
Metric
Snapshot
30d before
90d before
Change vs 30d
Universe percentile
Price
$0.00501452
$0.00511361
$0.00452451
-1.9%
n/a
Market cap
$1.07M
$1.09M
$962.0K
-1.9%
P66.0
YearBull Rank
n/a
n/a
n/a
n/a
n/a
Bull Score
n/a
n/a
n/a
n/a
n/a
Turnover
0.29%
0.53%
0.18%
-0.2 pts
P42.5
YB Market Risk
n/a
n/a
n/a
n/a
n/a
Cycle
Stable
Stable
Stable
Unchanged
n/a
Median absolute daily movement 0.92%; distance from the highest local daily price -18.1%; circulating supply change 0.0%. These measurements are descriptive and do not predict future direction.
YearBull Rank timeline
YearBull Rank for convertible-jpy-token is currently unavailable.
Rank timeline (last 365 days)
Rank history is still being collected.The rank timeline will appear after two valid daily YearBull Rank snapshots are available.
Rank movement (nearest daily data).
Reading rule: smaller rank numbers are better.
7d window: current rank not available.
30d window: current rank not available.
Liquidity angle: If the line only moves on high-volume days, liquidity is a key filter. relative rank is sensitive to who is active in the window.
Trading footprint: If rank deteriorates while the curve stays smooth, it can be cohort strength shifting. changes can follow how the coin is routed across markets.
Cycle context: If the line stair-steps, the cycle may be driven by discrete inputs. cycle shifts often show up as slope changes, not spikes.
Risk note: If the curve is step-like, it may be reacting to discrete inputs. ranking moves can reflect regime shifts rather than one-off events.
YearBull Rank is a comparative index on YearBull that helps contextualize a coin’s position versus others over time. It is meant for comparison and tracking, not certainty.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
Related Research
Continue with contextually connected profiles and category data:
Venue refresh pending. Markets last checked: 2026-07-27. The next refresh is queued in the hourly updater. Venue listings and volumes are stored snapshots, not live quotes.
