Chain snapshot · block 25,884,727 · 30.62M ZCHF outstanding against 12.45M ZCHF of reserve capital
ZCHF is a Swiss-franc stablecoin with more than one minter — the hubs below, a bridge, and the savings module’s interest all mint it — so the supply is the franc count itself, stated beside the hub book rather than equated with it. The FPS price is the Equity contract’s own issuance rule (3 × equity ÷ FPS supply), in ZCHF like every figure on this page.
One pool, two accounts — the reserve’s balance equals equity plus the borrowers’ contributions by the contract’s own accounting, and this page reads all three sides at one block. A challenge shortfall lands on the position’s own contribution first, then on the equity: FPS capital is the junior tranche.
The Leadrate prices new V2 minting: each position pays it plus its own fixed risk premium, charged up front for the remaining term at each mint. Governance moves the Leadrate, and a position’s past mints keep the rate of their own moment — today’s figure prices today’s minting only. V1 positions fixed their whole rate at opening; the opening fee is the flat spam gate every new original position pays before its veto window starts.
The index didn’t answer on this read, so the book is withheld rather than estimated. The chain figures above stand on their own.
The index didn’t answer on this read, so the record is withheld rather than estimated.