Frankencoin

ZCHF Price

About Frankencoin (ZCHF)

Frankencoin is a decentralized, oracle-free stablecoin designed to maintain a stable 1:1 value with the Swiss Franc through an over-collateralized minting system.

• Decentralized Issuance: Users can mint ZCHF by depositing crypto assets as collateral without relying on a central issuer or bank.
• Oracle-Free Mechanism: The protocol maintains stability and handles liquidations through a novel, market-driven auction process rather than external price feeds.
• Multi-Chain Availability: Frankencoin is deployed across multiple networks, including Ethereum, Base, and Arbitrum, providing broad accessibility for Swiss Franc-denominated transactions.

What Is Frankencoin

Frankencoin (ZCHF) is a digital representation of the Swiss Franc built on blockchain infrastructure. It serves as a decentralized alternative to centralized stablecoins, aiming to combine the historical stability of Switzerland's national currency with the transparency of decentralized finance. The protocol allows anyone to create ZCHF by opening a collateralized debt position, where crypto assets like ETH or WBTC are locked to secure the minted tokens.

Value moves through the system as users mint ZCHF to access liquidity or buy it on the open market for payments and savings. The token is "put to work" through its integration into various DeFi protocols for lending, borrowing, and yield generation. As the ecosystem grows, the protocol scales by allowing the community to propose and approve new collateral types, while the system's capital reserve—backed by Frankencoin Pool Shares (FPS)—provides a buffer against market volatility and ensures the protocol's long-term solvency.

What Makes Frankencoin Unique

• Oracle-Free Liquidations: Unlike most collateralized stablecoins that depend on external price oracles, Frankencoin uses a decentralized auction system to determine the value of collateral and manage liquidations.
• Veto-Based Governance: The protocol utilizes a unique governance model where Frankencoin Pool Share (FPS) holders can veto proposed changes, ensuring that only stable and community-aligned updates are implemented.
• Continuous Capital Corporation Model: Conceived as part of a PhD thesis at the University of Zurich, the system operates autonomously according to fixed rules designed for optimal capital management.
• Swiss Regulatory Alignment: The asset is classified as a payment token under Swiss law and is designed to be compliant with the European Markets in Crypto-Assets (MiCA) regulation.

What Can You Use Frankencoin for?

Frankencoin is pegged to the Swiss Franc and serves as a digital representation of Switzerland's national currency.

1. Value retention: The asset allows users to hold a digital, on-chain representation of the Swiss Franc, providing a way to mitigate exposure to crypto-market volatility by holding a traditionally stable fiat-pegged asset.
2. Yield generation: Users can earn market-based yield on their ZCHF holdings by depositing tokens into the protocol's savings vault or participating in decentralized lending and liquidity provisioning on platforms like Morpho and Curve Finance.
3. Cross-border settlement / value transfer: Its decentralized nature enables international remittances and global trade settlement, allowing for the frictionless transfer of Swiss Franc value across supported blockchain networks.
4. Collateralization: ZCHF can be used as backing for borrowing and lending protocols or as margin for derivatives, providing a stable collateral base within the DeFi ecosystem.

How Does Frankencoin Work?

Frankencoin operates using a collateralized debt position (CDP) model. To mint ZCHF, a user must deposit a crypto asset as collateral into a "position." The system requires over-collateralization, meaning the value of the deposited assets must exceed the value of the ZCHF minted. The collateral remains locked and under the user's control until they return the minted ZCHF plus a small fee to the protocol, at which point the tokens are burned and the collateral is released.

Price stability is maintained through economic incentives and arbitrage. If ZCHF trades above its 1:1 Swiss Franc peg, users are incentivized to mint more tokens and sell them for a profit. If it trades below the peg, users can buy discounted ZCHF to close their debt positions cheaply. Liquidations are handled through a decentralized auction process: if a position's collateral value falls below its required threshold, anyone can initiate an auction to buy the collateral by paying ZCHF, which is then burned to cover the outstanding debt.

Team Info and Investors

Frankencoin was developed by the Frankencoin Association, a Swiss non-profit organization based in Zug, Switzerland. The protocol's theoretical foundation was established by Dr. Luzius Meisser and Johannes Kern, based on research conducted at the University of Zurich. While the Association supports the ecosystem and serves as a point of contact, the protocol itself is governed by a decentralized community of Frankencoin Pool Share (FPS) holders. The project has received early backing and support from established Swiss crypto firms such as Bitcoin Suisse and Mt Pelerin.

Where can you buy Frankencoin?

ZCHF tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Frankencoin is Uniswap V3 (Ethereum), where the most active trading pair ZCHF/USDT has a trading volume of $1,143,473.83 in the last 24 hours. Other popular options include Oku Trade (Gnosis) and Aerodrome SlipStream.

What is the daily trading volume of Frankencoin (ZCHF)?

The trading volume of Frankencoin (ZCHF) is $1,309,837.63 in the last 24 hours, representing a 373.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Frankencoin (ZCHF)?

Frankencoin (ZCHF) reached an all-time high of $1.33 and an all-time low of $0.9816. It’s now trading -8.20% below that peak and 24.20% above its lowest price.

What is the market cap of Frankencoin (ZCHF)?

Market capitalization of Frankencoin (ZCHF) is $41,644,792 and is ranked #569 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZCHF tokens (34 Million tokens are tradable on the market today).

What is the fully diluted valuation of Frankencoin (ZCHF)?

The fully diluted valuation (FDV) of Frankencoin (ZCHF) is $41,644,792. This is a statistical representation of the maximum market cap, assuming total number of 34 Million ETH tokens are in circulation today.

How does the price performance of Frankencoin compare against its peers?

With a price decline of -0.20% in the last 7 days, Frankencoin (ZCHF) is underperforming the global cryptocurrency market which is up 14.10%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.50%.

How to add Frankencoin (ZCHF) to MetaMask?

Adding Frankencoin (ZCHF) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import ZCHF as a token. You can copy ZCHF’s contract address (0xb58e61c3098d85632df34eecfb899a1ed80921cb) and import it manually, or if you've installed MetaMask's chrome extension, add ZCHF to MetaMask with one click on CoinGecko.

Add ZCHF to MetaMask.