Thank you for your continued support of IZAKA-YA.
We are pleased to announce that JPYC (Kaia Chain) is now available across all user accounts at IZAKA-YA. In conjunction with this, we have also launched support for JPYC (Kaia) lending.
What is JPYC (Kaia)?
JPYC is a Japanese Yen-denominated “electronic payment method” designed to be pegged to the Yen at a value of 1 JPYC = 1 JPY.
Unlike Bitcoin or Ethereum, it does not experience significant price fluctuations, allowing you to hold and transfer the value of the Yen directly as a digital asset. The version supported in this update is JPYC issued on the Kaia chain.
Kaia is one of Asia’s largest blockchain ecosystems, boasting fast transaction processing speeds and the convenience of Ethereum compatibility (EVM compatibility).
Now Available for All User Accounts
The rollout of JPYC (Kaia), which was being released in stages, has now been fully reflected in all customers’ accounts.
No special settings or procedures are required on your end. Simply log in, and you can start using JPYC (Kaia) as usual.
Support for Lending Added
Additionally, we have begun supporting JPYC (Kaia) lending. This allows you to deposit your existing JPYC (Kaia) to earn yields.
Lending is a system where you deposit your assets with IZAKA-YA to earn a return. It works much like earning interest by depositing money in a bank, and it requires no complicated operations.
Once you make a deposit, all you have to do is wait. You can now put the JPYC you were previously “just holding” to work on the IZAKA-YA platform.
The Appeal of Lending JPYC (Kaia)
Since JPYC is an electronic payment method without major price fluctuations, its biggest advantage is that you can grow your assets with peace of mind, without worrying about market volatility.
- Manage assets in Yen: You can steadily earn yields while minimizing price fluctuation risks.
- Put dormant JPYC to work: Deposit and utilize Yen-denominated assets that have been sitting idle in your wallets or exchanges.
- No Identity Verification (KYC) required: You can start using IZAKA-YA with just an email address. For more details regarding yields, lending periods, and other information, please check the IZAKA-YA platform.
For Your Peace of Mind
At IZAKA-YA, we utilize Fireblocks’ MPC (Multi-Party Computation) technology. By dividing and managing private keys across multiple locations, we have created a secure structure where assets cannot be accessed even if one location is compromised, keeping your funds safe.
Why Not Start with a Small Amount?
Even if you are new to lending, you can start with an amount you are comfortable with. Now that this feature is available to all users, we highly encourage you to take this opportunity to try out JPYC (Kaia) lending.
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