Convertible JPY Token (CJPY) stablecoin analytics
CJPY is Yamato's decentralized Japanese yen stablecoin, minted from overcollateralized ETH pledges via Liquity-v1-style permissionless CDPs.
Static Profile
Static stablecoin profile
Convertible JPY Token (CJPY) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg Japanese Yen.
AI summary / Updated May 15, 2026
CJPY is Yamato's decentralized JPY stablecoin from ETH-only CDPs; minimal governance, almost no users, by design. Yamato Protocol's CJPY is a JPY-pegged stablecoin built on a clean, ETH-only CDP model by DeFiGeek Community Japan — a DAO with no corporate entity behind it. The...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- ETH only; 130% minimum collateralization ratio at issuance (110% MCR for liquidation); one-time borrowing fee with no accrued interest
- Peg Mechanism
- Overcollateralized ETH CDPs (pledges) with game-theory peg maintenance: (1) hard floor via on-chain redemption of 1 CJPY for 1 JPY worth of ETH from the riskiest pledge; (2) subrogation mechanism uses accumulated protocol fees to automatically repay positions below 100% health rate; (3) non-forced liquidation where any user can redeem debt positions below 130% using market-purchased CJPY
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is CJPY safe?
Pharos does not mark CJPY as absolutely safe. Static metadata says Convertible JPY Token uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety cjpy-yamato
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
CJPY quick answers
What is Convertible JPY Token (CJPY)?
CJPY is Yamato's decentralized Japanese yen stablecoin, minted from overcollateralized ETH pledges via Liquity-v1-style permissionless CDPs. The static profile records its Japanese Yen peg mechanism as: Overcollateralized ETH CDPs (pledges) with game-theory peg maintenance: (1) hard floor via on-chain redemption of 1 CJPY for 1 JPY worth of ETH from the riskiest pledge; (2) subrogation mechanism uses accumulated protocol fees to...
What backs CJPY?
Pharos classifies CJPY backing as Crypto-Collateralized. Collateral, per the static profile: ETH only; 130% minimum collateralization ratio at issuance (110% MCR for liquidation); one-time borrowing fee with no accrued interest Reserve evidence: live reserve feed configured.
Can CJPY be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for CJPY, when applicable, appear in the dossier below.