Frankencoin

Built on blockchain infrastructure, Frankencoin (ZCHF) is a decentralized stablecoin that digitally replicates the value of the Swiss franc. Operating as a fully transparent, rule-based, and modular financial infrastructure, Frankencoin combines the stability of Switzerland's trusted currency with the transparency and openness of the blockchain. Designed to track the value of the Swiss franc 1:1, Frankencoin is over-collateralized by crypto assets, ensuring each ZCHF is backed by at least one Swiss franc worth of assets.

The Frankencoin system operates as a decentralized collateralized debt position system, where users deposit crypto assets as collateral to mint digital Swiss francs (ZCHF). The collateral remains under the user's control while securing the outstanding franc issuance, similar to a secured lending facility with transparent, automated terms. With its novel liquidation mechanism and veto-based governance system, Frankencoin provides a unique solution for stablecoin users.

Frankencoin has been deployed on 8 different blockchains and is the largest and most popular Swiss franc stablecoin, enabling on-chain transactions in Swiss francs since 2023 with no significant deviations from its peg. Users can buy ZCHF through exchanges like Uniswap or on-ramp services like Mt Pelerin, and earn yield by providing liquidity to DeFi protocols or using the Frankencoin savings module. With a strong focus on compliance, Frankencoin is classified as a payment token under Swiss law and complies with Swiss and EU regulations.

The Frankencoin Association, a Swiss non-profit organization, serves as a point of contact for the ecosystem and furthers the development of the system. The association has been audited by leading blockchain security firms, ensuring the smart contracts' security and economic design. With its robust and secure platform, Frankencoin provides a reliable solution for users seeking to track the value of the Swiss franc on the blockchain.

Frankencoin's unique features and compliance with regulations make it an attractive option for users seeking a stablecoin that tracks the value of the Swiss franc. With its strong focus on transparency, security, and governance, Frankencoin is positioned as a leader in the stablecoin market.