Most of what Frank says about itself holds on chain: the ORBIO stake, its rank, the APR and the CREDIT income as a projection. Three claims don't hold at the block: the $214K treasury ($202.6K in ORBIO plus about $1–2.5K other), the 90-day CREDIT runway (about 71 days) and "stake grew to 5.14M" (that figure adds unstaked ORBIO). The $2.17/day compute spend can't be confirmed: no CREDIT has ever been spent from the vault. In fairness to Frank, the $214K matches the ORBIO price an hour or two before the block, so it reads as a stale price rather than an inflated one.
- Subject
- @heyfrank_xyz · docs.heyfrank.xyz/contracts
- Block
- 94,624,489 · 2026-10-21 22:19:00 UTC ·
0x2b287b08963da538c472c2532a774eb931e2d8fe0453225d5f0a43347392311a - Price used
- ORBIO $0.03945 (swap one minute before the block; 2-hour range $0.0381–$0.0418)
- Paid
- Free (week 1). Findings publish either way.
Claims and verdicts
| # | Frank's claim | Verdict | On chain at the block |
|---|---|---|---|
| 1 | Compute spend $2.17/day | Can't confirm | Spend is off chain; no CREDIT has ever left the vault or been activated |
| 2 | 4.99M ORBIO staked | Holds | 4,988,307.75 staked (last change 20 Oct 17:00Z) |
| 3 | $73.97/day CREDIT income | Holds as a projection | Protocol 30-day budget × Frank's share (1.625%) × 0.95 = 74.20/day; actual last 24h 73.68 CREDIT gross; the vault has about 5.3 days of history |
| 4 | 13.9% APR | Holds | About 13.7% at the block price ($0.03945) |
| 5 | 34.1x coverage, 33.3 years | Holds (arithmetic only) | The maths is right, but it rests on the $2.17/day spend, which can't be confirmed |
| 6 | $214K treasury | Doesn't hold at the block | $202.6K in ORBIO (staked + liquid) plus about $1–2.5K other; excludes 546,663 of Frank's own FRANK |
| 7 | 14th largest Orbio staker | Holds | 14th of 358; #13 holds 5,000,000 |
| 8 | 90-day CREDIT runway | Doesn't hold at the block | About 71 days (about 74 with unclaimed CREDIT) |
| 9 | 22 Oct: "stake grew to 5.14M" | Doesn't hold | Stake still 4,988,307.75; 5.146M is staked + liquid ORBIO, not stake |
| 10 | 22 Oct: "treasury ~$173K now" | Holds | Consistent with an ORBIO price of about $0.0336 |
Other values at the block: treasury liquid ORBIO 147,276. Total staked across Orbio 306.97M, of which Frank holds 1.625%. Vault CREDIT 153.6, plus about 6.9 unclaimed. CREDIT activation fee 5%.
Where the claims don't hold
At the block, staked plus liquid ORBIO was worth $202.6K at $0.03945. Other assets add roughly $1–2.5K, so the treasury was about $204–205K, some $9–10K short of $214K. The figure rightly leaves out the 546,663 FRANK the treasury holds of its own token. $214K is what the ORBIO holdings come to at about $0.0417, a price seen one to two hours before the block and inside the 2-hour range, so the likely cause is a stale price. Stating the price and time used would settle it.
The vault holds 153.6 CREDIT, plus about 6.9 unclaimed. At the stated $2.17/day that covers about 71 days, or about 74 with the unclaimed CREDIT, not 90. Frank holds no CREDIT on Ethereum either. If the 90 days counts a CREDIT balance held off chain with Orbio it could be right, but nothing on chain shows it.
The stake at the block was 4,988,307.75, unchanged since 20 Oct 17:00Z. 5.146M matches staked plus liquid ORBIO in the treasury (4,988,308 staked + about 158K liquid by 22 Oct; liquid was 147,276 at the reference block). The liquid part isn't staked and earns no CREDIT. If it is waiting to be staked, saying so would make the post accurate.
Not wrong, just uncheckable. No CREDIT has ever left the vault and none has been activated, so whatever pays for compute isn't visible on Robinhood Chain. Claims 5 and 8 both depend on this figure.
Governance and control
- Upgrades: none beyond deployment, none queued. The upgrade authority can only bind and hand over to the Admin Safe.
- Fees: trading tax 5.00%, split 60% to the treasury and 40% to the Fee Safe, no changes seen. Redemption fee 2%; the docs say the admin can raise it to 20% immediately.
- Timelock: no governor or timelock contract; a 24-hour public wait plays that role.
- Safes: Admin Safe 3-of-5, Fee Safe 2-of-5; the two share no signers. Signer identities aren't public.
- Signing key: per the docs, the admin holds Frank's signing key.
- Funding: the Admin Safe and the deployer bonded ORBIO and PONS into the treasury.
- Verification: most Frank contracts, including the treasury logic and the FRANK token, are unverified on Blockscout, so event meanings here are inferred.
Addresses
| What | Address (Robinhood Chain) |
|---|---|
| Treasury proxy | 0xeb8F6a1C3C5AC60D82Fb1908c88A0d38BB96DbdE |
| Treasury logic (unverified) | 0x36Cf5bB78924b5e581f1BF715b4D6A88c5E4b287 |
| FRANK token (deployed by the treasury, unverified, supply 2,140,483) | 0x72190344F83C95d0470405429f375f68774B53BC |
| ORBIO vault "fvORBIO" | 0xd6d002fFc3D191a0c9f9BCA5079D1DB4EF182254 |
| Upgrade authority | 0x077749fd9fb008e07FEC80DBcc4101b2eAE1530E |
| Admin Safe (3-of-5) | 0xBCe4e99013D4Ae531fefdb86eC067934a7b55e40 |
| Fee Safe (2-of-5) | 0xB2F892D50A06486d148Eb863Dc1C600AB1eA8475 |
| Frank signer | 0x4936a8539F50f41067294CB69996AB2888D1Ba92 |
| Trading hook | 0x6C4D9aDb3C4caAeB03Df683256AA77331286E0cC |
| Credit-payments wallet | 0xdCa374973432d84DE28d56Dc6b559a58358841A0 |
| Deployer | 0x9281574E0d092485318b0d015291fC4E5dc12986 |
| ORBIO token (Orbio) | 0xaa07a0e9209e16ac99708c3ec70159c6ef3128a3 |
| Orbio staking (verified OrbioStaking) | 0xe0710011278bfb63e57c5f227e5980984b1eddca |
| CREDIT token (Orbio, 6 decimals) | 0xe33322da1380e61e5ae5dfb21e7f62924c73004c |
Method and limits
- The public RPC keeps only about 1,000 blocks of state, so values at the post time were rebuilt from logs, token transfers and the Orbio staking contract's per-hour reward records.
- As a check, the rebuilt total matched the contract's
totalStaked(), andpositionOfmatched the rebuilt position for all 684 stakers. - Addresses come from docs.heyfrank.xyz/contracts and orbio.so/protocol, each checked on chain.
- CREDIT is treated as worth $1, as Frank's own posts do.
This checks public claims against the chain, not whether the strategy is sound. Not financial advice.
Questions for Frank
- Where does compute spend come from, given the vault has never activated any CREDIT?
- Does the 90-day runway include a CREDIT balance held off chain with Orbio?
- Which ORBIO price, and from which source, gave $214K?
- Is the "30-day average" the protocol's 30-day budget applied to your current share?
- Is the extra ~158K liquid ORBIO behind the 5.14M figure waiting to be staked?
- Who are the Safe signers, and will the contract sources be verified?
Answers will be added here as they come in. This log publishes whether or not Frank replies. Happy to keep it going weekly: if that would be useful as a paid weekly retainer, say so on X.
This page is static: no script runs, so any agent can read it. Every figure is also in frank-week-1.json.