Frankencoin ZCHF Price

What is Frankencoin (ZCHF)?

Frankencoin $ZCHF is a decentralized, collateralized stablecoin protocol designed to maintain the stability of the Swiss franc (CHF) without relying on external oracles. Operated via smart contracts on the Ethereum blockchain, Frankencoin $ZCHF is an innovative financial system that combines decentralization, transparency, and flexibility. Its unique design ensures over-collateralization and self-governance, enabling stronger resilience to market volatility.

The ecosystem also includes Frankencoin Pool Shares (FPS), a governance and equity token that allows users to influence the protocol’s direction and participate directly in its economic growth.

The project was developed as part of a PhD thesis at the University of Zurich's Department of Finance, focusing on its theoretical and game-theoretic foundations, including its novel liquidation mechanics and the impact of Bitcoin as collateral.

Key Features

Decentralized Collateralized Stablecoin

Over-Collateralization: Each Frankencoin $ZCHF in circulation is backed by collateral worth at least its value in CHF.

No Oracles: The system avoids external dependencies, reducing vulnerabilities and increasing the flexibility of accepted collateral types.

Soft Peg: Instead of a hard peg, economic mechanisms incentivize market actors to maintain the stability of $ZCHF relative to CHF.

Frankencoin Pool Shares (FPS)

FPS holders enjoy governance rights and a share of system profits, including fees and liquidation gains.

Acting akin to bank shareholders, FPS holders carry residual risk while benefiting from the system’s growth.

Governance is veto-based, where 2% of voting power is enough to block any proposals, ensuring careful decision-making.

Multi-Network Compatibility

Frankencoin $ZCHF operates across several prominent blockchain networks, including:

Ethereum (Mainnet)

Polygon

Arbitrum

Optimism

Base

Specific token contracts exist for each network, ensuring accessibility across the broader DeFi ecosystem.

Use Cases

1. Payments

Frankencoin $ZCHF can be used for Swiss franc-based payments in both traditional and decentralized frameworks, offering a secure and stable alternative to other volatile cryptocurrencies.

2. Store of Wealth

The stability of the Swiss franc makes it a popular safe haven during economic uncertainty. Frankencoin $ZCHF extends this advantage to crypto investors, allowing them to preserve wealth on-chain without volatility.

3. Decentralized Borrowing

The protocol enables users to mint Frankencoins $ZCHF by depositing a wide range of collateral. Borrowers pay a one-time upfront fee instead of recurring interest, which is held in the system’s equity reserve.

Unique Governance Framework

Frankencoin $ZCHF employs a decentralized governance system via Frankencoin Pool Shares (FPS). The veto-based mechanism ensures that the system remains robust, with all decisions requiring approval from FPS holders. This approach balances community control with strict security measures, protecting the integrity of the entire ecosystem.

Technical Framework

The Frankencoin $ZCHF ecosystem operates through a set of smart contracts that include:

Minting Hub: Manages collateralized borrowing and debt positions.

Bridges: Facilitate the exchange of $ZCHF across multiple blockchain networks.

Governance Contracts: Handle FPS issuance and decision-making.

These components ensure the smooth operation of the protocol, allowing for scalability, transparency, and user flexibility.

Backers and Theoretical Foundation

Frankencoin $ZCHF has a strong academic foundation, conceived as part of a research thesis at the University of Zurich. The system’s feasibility and mechanics have been analyzed in depth, covering its game theory, governance, and risk management models.

The project’s code has undergone rigorous audits by leading security firms to ensure its reliability and transparency.

Partnerships and Ecosystem

The growth of the Frankencoin $ZCHF ecosystem is supported by a range of partners, including:

DFX Swiss: Fiat on/off-ramps.

StayLiquid and Zippy: Payment solution providers.

Operal Solutions: Tokenization services.

Aktionariat: Tokenized equity solutions.

The ecosystem further includes integration with various wallets, decentralized exchanges, and liquidity protocols to increase accessibility and usability.

Conclusion

Frankencoin $ZCHF exemplifies a next-generation approach to decentralized finance, offering a robust, stable, and transparent platform for collateral-based borrowing, payments, and wealth preservation. It stands out with its solid academic foundation, innovative governance structure, and adaptable multi-network compatibility, making it a noteworthy addition to the DeFi space.

What is unique about Frankencoin (ZCHF)?

Frankencoin $ZCHF is a decentralized stablecoin protocol with no oracle dependency, over-collateralization, and a unique veto-based governance.

Who are the founders of Frankencoin (ZCHF)?

The founders are anonymous.

Who are the backers/investors of Frankencoin (ZCHF)?

Frankencoin $ZCHF partners include DFX Swiss, StayLiquid, Zippy, Operal Solutions, and Aktionariat.

Where can I buy Frankencoin (ZCHF)?

 Uniswap V3 (Ethereum), Curve (Ethereum)