What is
Frankencoin?
Frankencoin (ZCHF) is a digital Swiss franc. Every ZCHF is minted by a smart contract against collateral worth more than a franc, locked on-chain where anyone can inspect it. No bank holds reserves and no company issues it.
- In circulation
- 32'467'174
- ZCHF
- Collateral per ZCHF
- 1.49×
- over-collateralized
- Collateral types
- 17
- on-chain
- Live since
- 2023
- on Ethereum
What that means in practice.
A Swiss franc on-chain
ZCHF tracks CHF, so you can hold, pay and save in francs on Ethereum and seven other chains without a bank account.
Backing you can check
Each ZCHF is backed by more than one franc of collateral: BTC, ETH, tokenized gold and shares, all visible on-chain at any time.
No issuer, no freeze
Anyone can mint ZCHF against approved collateral. The rules are smart contracts governed by FCS (Frankencoin Shares) holders, and nobody can freeze your balance.
Two questions people ask next.
Why the Swiss franc?
The franc is one of the most stable currencies in the world, and most of the people and businesses using Frankencoin earn, spend and account in it. ZCHF gives them a franc they can use in DeFi and in payments without converting to a dollar token first.
Save in CHF →No price oracle
Most stablecoins and lending protocols rely on an external price feed to value collateral. Frankencoin does not. Anyone who thinks a position is under-collateralized can challenge it, and an open auction sets the price. That removes the price feed as a single point of failure; the system still carries market, liquidity and smart contract risk like any other protocol.
How the auctions work →