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Japanese Yen

$JPY
Quoted in USDC · one coin = one JPYMintDLMM poolPeg state
$0.006378Feed price · 47h ago
Pool price (active bin)$0.006377 -0.01%
Bid bin$0.006377 · #-119634
Ask bin$0.006378 · #-119633
Active bin#-119634 · step 1 bp
Ask inventory311,690.0927 JPY
Bid inventory129.9 USDC
Pool reserves320,095.0824 JPY · 129.92 USDC
Last reprice47h ago

How the peg works

cme_peg owns the mint authority and a two-bin DLMM position: the ask holds protocol-minted JPY in the first bin above the feed price, the bid holds the USDC the ask collected in the bin at or below it. Buying takes coin from the ask, selling returns it to the bid at the feed price less the bin step. Target inventory 311,690.09 JPY; the keeper refills the ask when it falls under 50% of it.

You pay
USDC

The peg holds 311,690.0927 JPY to sell and 129.9 USDC to buy back. Pool on Solscan