Yamato Protocol
Yamato Protocol is an Ethereum CDP that lets users mint CJPY, a Japanese-yen-pegged stablecoin, against ETH collateral.
What is Yamato Protocol?
Yamato Protocol is a decentralized CDP on Ethereum where users deposit ETH as collateral to mint CJPY, a stablecoin pegged to the Japanese yen. The protocol uses overcollateralization and stability pools to backstop the peg, with veYMT governance steering protocol parameters and fee distribution.
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App store listings are independently reviewed and written by Alchemy using a combination of inbound submissions, editorial research, public project sources, and third-party directories, including ecosystem data from The Grid under the Open Database License, DefiLlama, DappRadar, Reown, and chain ecosystem pages.
