SEED block in the script.
See ONCHAIN.md for the real plumbing (PONS fee collector → tSILVER).
Silver bought with that week's fees. One bar, one week. Nothing else goes into the vault.
Supply is fixed and the vault never sells, so share count only climbs. The trust's 0.50% annual expense trims a sliver of metal off each share, and this line is net of that. It is the one number worth watching.
FeeCollector is registered as the creator payee, so the 70% lands as ETH on Robinhood Chain.SLVon trades.SLVon at NAV through Ondo, so pool depth never bites. Below that, a TWAP split across PancakeSwap and Uniswap.Market cap on top, silver actually in the vault below. The gap between them is the mNAV.
SLVon is Ondo's tokenised iShares Silver Trust — economic ownership of BlackRock's silver ETF, physical metal held in JPMorgan's London vaults. Ounces are derived from the trust's published backing per share.
| Asset | Issuer | Network | Amount | Ounces | Value |
|---|
Silvers.fun is not investment advice. Fees buy silver, which guarantees neither the token's price nor the metal's.