Frankencoin (ZCHF)

Frankencoin (ZCHF) is a decentralized, collateralized stablecoin that operates without relying on external oracles. It is designed to track the Swiss franc’s value, and Frankencoin offers versatility and decentralization as its key features. Unlike similar stablecoins, Frankencoin’s liquidation mechanism is based on auctions and does not depend on external price sources. It supports various collateral types, making it adaptable to various market conditions.

This stablecoin possesses a slower liquidation mechanism than other collateralized stablecoins, making it less suitable for highly volatile collateral types. The Frankencoin system provides access to essential functions such as Swap, Positions, Auctions, Equity, and Governance via its user-friendly frontend. While certain advanced functions require manual execution, the website’s source code and underlying intelligent contracts are available for copying and modification. The smart contracts have passed security audits from reputable organizations, including Blockbite, Code4rena, and ChainSecurity, while the economic properties of Frankencoin have been analyzed for a pending PhD thesis.

With a Total Value of 17,978,196.00 USD, Frankencoin currently has no active positions or challenges. Its total supply is 9,712,417.15 ZCHF, equivalent to a market cap of 16,748,767.22 ZCHF (18,242,757.26 USD). Frankencoin is supported on various networks, including the mainnet, Polygon (PoS), Arbitrum, and Optimism, allowing seamless integration and accessibility. The stablecoin can be traded on Swiss, Uniswap, and Ammer Cash platforms. Additionally, interested developers can contribute to its development through the project’s GitHub, access documentation, participate in discussions on the forum, and stay updated via Twitter and Telegram channels.