Concepts
Wrappers and ratios
Where each wrapper's price and redemption ratio come from.
AAPLx by xStocks
| Mint | XsbEhLAtcf6HdfpFZ5xEMdqW8nfAvcsP5bdudRLJzJp, Token-2022, 8 decimals |
| Price | Pyth Crypto.AAPLX/USD, per raw token |
| Ratio | Pyth Crypto.AAPLX/AAPL.RR |
| Source | docs.xstocks.fi/developers/multipliers |
The xStocks multiplier starts at 1.0. Reinvested dividends raise it and stock splits scale it. Pyth publishes it as a redemption-rate feed, which matches the multiplier on the mint.
AAPLon by Ondo
| Mint | 123mYEnRLM2LLYsJW3K6oyYh8uP1fngj732iG638ondo, Token-2022, 9 decimals |
| Price | Pyth Crypto.AAPLON/USD, per raw token |
| Ratio | the mint’s own Scaled UI multiplier, read on chain in the same transaction |
| Sources | Ondo addresses, token and quote pricing, corporate actions |
Ondo publishes the shares-per-token multiplier on chain and reinvests dividends net of withholding. There is no Pyth ratio feed for AAPLon, so the program reads the multiplier from the mint account directly. It uses the new multiplier once its effective time has passed, exactly as Token-2022 does.
The ratio is never assumed
If a ratio is missing, the observation is refused. Assay never treats a missing ratio as 1.0.
The stock
Both wrappers are measured against the same price: Pyth Equity.US.AAPL/USD, with its signed market-session flag. That puts the two issuers on one scale.