1:1 stablecoin bridge · Ethereum
AllUnity CHF CHFAU
ZCHF is issued one-for-one against another CHF stablecoin held by a bridge. Exposure depends on that stablecoin's issuer, peg and redemption availability.
Sample protocol snapshot. These figures are not the current protocol state.
Assessment overview
The assessment could not be loaded. Available protocol data is shown below.
Risk data & lending terms
Lending terms
Effective annual interest
Not applicable
1:1 stablecoin exchange
Retained reserve
Not applicable
No position reserve
Global minting limit
10.0M ZCHF
Bridge limit · 6.0% used
Bridge backing
1:1 stablecoin bridge — how it works and what the risk is
CHFAU is not a collateralised position. The AllUnity CHFAU Stablecoin Bridge contract mints one ZCHF for every CHFAU deposited into it, up to10.0M ZCHF outstanding, until its horizon on 08 Apr 2027. Anyone can burn ZCHF at the bridge to get CHFAU back 1:1 — also after the horizon. There is no over-collateralisation, no oracle and no liquidation: the ZCHF minted here is backed by the CHFAU sitting in the bridge.
The reference price has no valid observation time. Its freshness cannot be established.
ZCHF minted through the bridge
599.8k
= CHFAU held by the bridge; this is the exposure
Bridge limit
10.0M ZCHF
6.0% used · 9.4M still mintable
Horizon
08 Apr 2027
147 days left, then a new bridge needs governance approval
CHFAU price vs 1 CHF
1.000
+0.00% off peg · protocol-aggregate
Limit usage
Where the risk sits
- Issuer / credit risk of CHFAU: if the issuer fails, freezes the tokens held by the bridge, or CHFAU loses its CHF peg, the 599.8k ZCHF minted here is under-backed by that shortfall. The bridge cannot be liquidated or challenged; the loss would fall on the protocol's reserve.
- No buffer: unlike collateralised positions there is no retained reserve, no risk premium and no liquidation buffer — the whole exposure is one-for-one.
- Freeze handling: a credit mechanism supports selective redemption if the issuer freezes the bridge. Availability depends on the issuer's restrictions and the contract terms.
- Horizon: every bridge expires 52 weeks after deployment; continuing requires a new minter application and governance approval, which is the protocol's periodic chance to re-assess the issuer.
Bridge contract 0x3e445f…64f6c1 · source stablecoin 0xbd4dfc…556f78 · minter application 30 Apr 2026 · minted / limit / horizon read from the contract, price 20 Nov 2286, 17:46 UTC.
Changes & sources
Governance reference: not linked. A discussion link and a published assessment do not by themselves verify an adopted parameter set.
Community discussion
No discussion thread found for this collateral yet.