Tokenised shares · Ethereum
RealUnit Shares REALU
A tokenised ownership interest in a company. Company performance, shareholder rights and the availability of buyers affect its value.
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
1.18%
Current rate, adjusted for retained reserve
Retained reserve
15.0%
Current share of gross minted debt
Global minting limit
2.5M ZCHF
Across all originals · 2.1% used
Effective interest = (base rate + contract premium) ÷ (1 − retained reserve).
Positions & price exposure
Price exposure
0 ZCHF (0.00% of this asset's debt) is within 10% of its configured liquidation price at the last observed market price.
The last price observation is 1580 hours old; this asset's monitoring window is 72 hours. Price-based figures describe that earlier observation.
Collateral value / debt
224%
reference-priced collateral ÷ debt across the considered positions
Nearest price cushion
reference-price distance to the highest configured liquidation price · median 18.5%
Positions considered
3
active, with debt, at 1.5 CHF / REALU
Debt by price cushion
- ≤ 0%–
- 0 – 5 %–
- 5 – 10 %–
- 10 – 20 %43.3k
- 20 – 40 %9.9k
- > 40 %–
Positions nearest their liquidation price
| Position | Price cushion | Debt ZCHF | REALU | Liq. price | State |
|---|---|---|---|---|---|
| 0x9cf4E9…3bA502v2 · original | 18.5% | 30.0k | 60'000.00 | 1.20 | open |
| 0x253122…B4de2fv2 · clone | 18.5% | 13.3k | 11'074.00 | 1.20 | open |
| 0x76c642…0dE5c4v2 · clone | 32.7% | 9.9k | 10'000.00 | 0.9900 | open |
Cushion = reference-price distance to the configured liquidation price. Reference price: 1.47 CHF.
What if the price falls?
Explore debt at or beyond its configured liquidation price. Positions and parameters stay unchanged. This estimates threshold exposure, not liquidation proceeds or losses; comparisons assume 1 ZCHF = 1 CHF.
Starting price: 1.47 CHF / REALU, observed 07 Sept 2026, 14:22 UTC. This scenario uses an unverified or outdated reference price.
0 ZCHF (0.00%) across 0 positions at or beyond their configured liquidation price.
Scenario price: 1.32 CHF
Compare price scenarios
| Price drop | Reference CHF price | Debt beyond threshold | Share of asset debt | Positions |
|---|---|---|---|---|
| 0% | 1.47 | 0 ZCHF | 0.00% | 0 |
| 10% | 1.32 | 0 ZCHF | 0.00% | 0 |
| 20% | 1.18 | 43.3k ZCHF | 81.39% | 2 |
| 40% | 0.8832 | 53.2k ZCHF | 100.00% | 3 |
Positions
| Position | Owner | REALU | Minted ZCHF | Coll. ratio | Liq. price | Effective interest | Reserve | Auction | Expires |
|---|---|---|---|---|---|---|---|---|---|
| 0x9cf4E9…3bA502v2 · original | 0x963e…b301 | 60'000.00 | 30.0k | 294% | 1.20 | 1.18% | 15% | 36 h | 28 Jan 2029 |
| 0x253122…B4de2fv2 · clone | 0x16EC…3281 | 11'074.00 | 13.3k | 123% | 1.20 | 1.18% | 15% | 36 h | 31 Dec 2026 |
| 0x76c642…0dE5c4v2 · clone | 0xC2bC…F6d2 | 10'000.00 | 9.9k | 149% | 0.9900 | 1.18% | 15% | 36 h | 27 Dec 2026 |
1 closed or denied positions
| 0xf652C3…05620Ev1 · original | 0xf652…620E | 0.0000 | 0 | – | 0.8000 | 3.13% | 20% | 7 d | 04 Nov 2024 |
Effective interest includes the reserve adjustment. Collateral ratio = collateral value at the current price ÷ minted. Open a position on app.frankencoin.com ↗.
Challenges & liquidations
| Started | Position | Challenger | Size (REALU) | Filled | Liq. price | Bids | Status |
|---|---|---|---|---|---|---|---|
| 04 Nov 2024, 00:27 UTC | 0xf652c3…05620e | 0x5a57…4e0c | 20'000.00 | 100% | 0.8000 | 1 | Success |
| 04 Nov 2024, 00:19 UTC | 0xf652c3…05620e | 0x5a57…4e0c | 20'000.00 | 100% | 0.8000 | 1 | Success |
| 04 Nov 2024, 00:18 UTC | 0xf652c3…05620e | 0x5a57…4e0c | 10'000.00 | 100% | 0.8000 | 1 | Success |
| 03 Nov 2024, 18:47 UTC | 0xf652c3…05620e | 0x5a57…4e0c | 10'000.00 | 100% | 0.8000 | 1 | Success |
| 03 Nov 2024, 18:38 UTC | 0xf652c3…05620e | 0x5a57…4e0c | 10'000.00 | 100% | 0.8000 | 1 | Success |
Most recent 25. Full history on app.frankencoin.com ↗.
Changes & sources
Governance reference: not linked. A discussion link and a published assessment do not by themselves verify an adopted parameter set.
All protocol parameters
Reference market price
1.47 CHF
$1.82
Minted ZCHF
53.2k
debt against this collateral
Remaining aggregate limit
2.4M
of 2.5M ZCHF total limit
Estimated collateral value
119.3k CHF
81'074.00 REALU locked
Open positions
3
3 total · 1 original / 2 clones
Debt / collateral value
44.6%
debt ÷ reference-priced collateral
Contract risk premium (V2)
0.00%
risk premium above the lead rate
Annual fee rate on gross debt
1.00%
= base rate + contract premium, before reserve adjustment
Challenges
0
active · 5 total
Source: protocol aggregate (api.frankencoin.com/ecosystem/collateral/stats) · price via thegraph (07 Sept 2026, 14:22 UTC)
Community discussion
#14 · Acceptable Collaterals · opened 16 Nov 2023 by luziusmeisser · 4 comments · ▲ 2 · matched by title
Original post (show)
(Placeholder for REALU discussion.)
Comments
AndxyO · 17 Feb 2026 · ▲ 2
I think it's ok as a collateral.
When I saw it the first time on aktionariat, I was very skeptical. Perhaps it was just because of the website design.
I checked the reports and I think they have a good conservative Swiss portfolio (plus some BTC/ETH and good amount of precious Metalls), but you never know where volatility goes in these times.
One good thing is, they are listet on BX and in Germany, so there are earning reports.AndxyO · 03 Mar 2026 · ▲ 1
Last WE the REALU Token had a "depeg" (for some time) on the ZCHF platform. There was no real price drawdown with the assets.
What kind of Oracle is used to get the Price for this asset? The Frankencoin api Bot says Coingecko, but there is no Coingecko Price for REALU.
luziusmeisser · 04 Mar 2026 · ▲ 1
First price source is a subgraph that sources Aktionariat trading data. But the API key our frontend is using did run out of credits, so the frontend went to coingecko as a fall-back, which is outdated. I think reviving the coingecko price feed is a pending item with Aktionariat.
AndxyO · 06 Mar 2026 · ▲ 1
Ok, running out of credits shouldn't happen. Not a big deal if the backup is working.
I think Coingecko is not good for a price oracle with low liq assets.
Coingecko is retrieving prices from different DEXes and CEXes (the ones with most Volume/Liq). If that changes, it takes the Price from the next exchange and if it changes again it takes the next price. So, it can happen on Coingecko that the price of an asset (low DEX/CEX Vol.) can jump up and down the whole time without making any real trading movement.
Sometimes Coingecko does even label an asset as "inactive" when there is no Volume on the retrieved exchanges, even if this asset is still traded on some platforms which are not reterieved.
