Page cover

ZCHF Stablecoin

Frankencoin (ZCHF) is a decentralized, over-collateralized stablecoin designed to track the value of the Swiss franc (CHF) without relying on external oracles. The Frankencoin protocol leverages a unique set of on-chain economic incentives to maintain a soft peg to the Swiss franc, making ZCHF resilient, transparent, and adaptable for stablecoin users in both Switzerland and the broader global DeFi ecosystem.

ZCHF is a collateralized stablecoin aiming to mirror the value of the Swiss franc. It leverages internal, on-chain mechanisms for price stability, avoiding the vulnerabilities of oracle dependency. It supports a decentralized and open approach: new collateral types and minting mechanisms can be proposed by anyone, with the community of governance token holders (FPS) having the power to veto proposals. The protocol’s monetary equilibrium is achieved by over-collateralization and adjustable minting costs, similar to monetary policy tools used by central banks.

  • Fully over-collateralized: Each ZCHF is backed by more than 1 CHF worth of approved collateral at all times

  • No reliance on oracles: Price discovery and collateral valuation occur through on-chain, protocol-driven processes, reducing attack surfaces

  • Decentralized governance: Frankencoin Pool Shares (FPS) holders steer the protocol, including risk management and collateral approvals

  • Transparent and open: All smart contracts and system logic are public, enabling full community auditability

  • Swiss franc peg: Maintains a soft—but incentivized—peg to CHF, optimized by dynamic protocol incentives

Frankencoin DAO: Governance is community-driven via the Frankencoin Pool Shares (FPS) token, with decision-making on collateral, minting mechanics, and protocol upgrades

Stabull Pools: TBC

Addresses:

Polygon: 0x02567e4b14b25549331fCEe2B56c647A8bAB16F

Last updated