Tokenised ETF exposure · Ethereum
SPDR S&P 500 ETF (Ondo Tokenized) SPYon
A token providing exposure to an S&P 500 ETF through an issuer's tokenisation structure. The underlying market and the issuer's redemption terms both matter.
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
1.11%
Current rate, adjusted for retained reserve
Retained reserve
10.0%
Current share of gross minted debt
Global minting limit
5.0M ZCHF
Across all originals · 58.3% 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
128%
reference-priced collateral ÷ debt across the considered positions
Nearest price cushion
reference-price distance to the highest configured liquidation price · median 36.3%
Positions considered
5
active, with debt, at 628.2 CHF / SPYon
Debt by price cushion
- ≤ 0%–
- 0 – 5 %–
- 5 – 10 %–
- 10 – 20 %–
- 20 – 40 %2.9M
- > 40 %4.0k
Positions nearest their liquidation price
| Position | Price cushion | Debt ZCHF | SPYon | Liq. price | State |
|---|---|---|---|---|---|
| 0x688088…5A60Cev2 · original | 20.4% | 2.7M | 5'400.00 | 500.00 | open |
| 0xced3E8…8cfbd2v2 · clone | 36.3% | 180.0k | 469.19 | 400.00 | open |
| 0xc5D6b5…a16b17v2 · clone | 36.3% | 25.3k | 63.14 | 400.00 | open |
| 0xdbac0E…0a1620v2 · clone | 36.3% | 7.7k | 19.14 | 400.00 | open |
| 0x5c8174…696c42v2 · clone | 41.5% | 4.0k | 11.00 | 367.32 | open |
Cushion = reference-price distance to the configured liquidation price. Reference price: 628.16 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: 628.16 CHF / SPYon, 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 This scenario uses an unverified or outdated reference price.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: 565.34 CHF
Compare price scenarios
| Price drop | Reference CHF price | Debt beyond threshold | Share of asset debt | Positions |
|---|---|---|---|---|
| 0% | 628.16 | 0 ZCHF | 0.00% | 0 |
| 10% | 565.34 | 0 ZCHF | 0.00% | 0 |
| 20% | 502.53 | 0 ZCHF | 0.00% | 0 |
| 40% | 376.90 | 2.9M ZCHF | 99.86% | 4 |
Positions
| Position | Owner | SPYon | Minted ZCHF | Coll. ratio | Liq. price | Effective interest | Reserve | Auction | Expires |
|---|---|---|---|---|---|---|---|---|---|
| 0x688088…5A60Cev2 · original | 0x963e…b301 | 5'400.00 | 2.7M | 126% | 500.00 | 1.11% | 10% | 24 h | 12 Feb 2029 |
| 0xced3E8…8cfbd2v2 · clone | 0xE346…D341 | 469.19 | 180.0k | 164% | 400.00 | 1.11% | 10% | 24 h | 12 Feb 2029 |
| 0xc5D6b5…a16b17v2 · clone | 0xE346…D341 | 63.14 | 25.3k | 157% | 400.00 | 1.11% | 10% | 24 h | 12 Feb 2029 |
| 0xdbac0E…0a1620v2 · clone | 0xE346…D341 | 19.14 | 7.7k | 157% | 400.00 | 1.11% | 10% | 24 h | 12 Feb 2029 |
| 0x5c8174…696c42v2 · clone | 0x5551…98E1 | 11.00 | 4.0k | 171% | 367.32 | 1.11% | 10% | 24 h | 12 Feb 2029 |
Effective interest includes the reserve adjustment. Collateral ratio = collateral value at the current price ÷ minted. Open a position 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
628.16 CHF
$775.78
Minted ZCHF
2.9M
debt against this collateral
Remaining aggregate limit
2.1M
of 5.0M ZCHF total limit
Estimated collateral value
3.7M CHF
5'962.47 SPYon locked
Open positions
5
5 total · 1 original / 4 clones
Debt / collateral value
77.9%
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 · 0 total
Source: protocol aggregate (api.frankencoin.com/ecosystem/collateral/stats) · price via defillama (07 Sept 2026, 14:22 UTC)
Community discussion
No discussion thread found for this collateral yet.