Yamato Protocol is an open-source, protocol-led decentralized application that issues the CJPY stablecoin against ETH collateral. It uses a minimum collateral ratio of 130%, redemption and collateral-management mechanisms instead of liquidation, and a one-time fee model rather than interest. The protocol also includes YMT governance-token rewards, veYMT voting escrow, farming boosts, governance voting, and fee-reward incentives. It is maintained by an anonymous development team and governed through YMT token voting.
