JPY DeFi (ticker JPYdf) is a CDP protocol on Ethereum. Users deposit collateral and borrow JPYdf, a crypto-asset-backed stablecoin that aims to track the value of the Japanese yen. Anyone can mint JPYdf without permission, and JPY DeFi aims to build an on-chain yen market. It aims to offer low-cost borrowing, and Stability Pool depositors can claim a share of borrowing interest and fees. JPYdf does not represent a yen-denominated monetary claim or a right to redemption in yen. Tracking the yen, price stability, redemption in yen, and preservation of principal are not guaranteed
| Categories: | CDP , DeFi |
| On chains: | Ethereum |
| Forked from | Liquity V2 |
A great way to understand JPY DeFi is to compare similar crypto projects to JPY DeFi by Categories, Chains, TVL, followers and more. We compare JPY DeFi and update data every 24 hours to give you the latest Alpha and similar projects.
Yes JPY DeFi is supported on Ethereum.
JPY DeFi token is supported by following blockchains: Ethereum
JPY DeFi is JPY DeFi (ticker JPYdf) is a CDP protocol on Ethereum. Users deposit collateral and borrow JPYdf, a crypto-asset-backed stablecoin that aims to track the value of the Japanese yen. Anyone can mint JPYdf without permission, and JPY DeFi aims to build an on-chain yen market. It aims to offer low-cost borrowing, and Stability Pool depositors can claim a share of borrowing interest and fees. JPYdf does not represent a yen-denominated monetary claim or a right to redemption in yen. Tracking the yen, price stability, redemption in yen, and preservation of principal are not guaranteed. JPY DeFi's native token is JPY DeFi. JPY DeFi token is supported by following blockchains: Ethereum.