Frankencoin Price

Frankencoin (ZCHF) is a cryptocurrency launched in 2023. The asset functions as a decentralized, oracle-free stablecoin engineered to maintain a strict peg to the Swiss franc through over-collateralization with real-world assets.

The protocol solves a persistent friction in decentralized stablecoin design: reliance on external price feeds. By eliminating oracles, Frankencoin avoids the manipulation and latency risks that have compromised other pegged assets. It operates across multiple Ethereum Virtual Machine networks, supplying a CHF-denominated instrument to DeFi markets on Ethereum, Avalanche, Polygon, Arbitrum, Optimism, Base, and Gnosis Chain.

Frankencoin operates on the Ethereum network. Identical smart contract instances settle transactions on Avalanche, Base, and Gnosis Chain, ensuring the stablecoin remains accessible across diverse execution environments.

The token adheres to the ERC-20 standard, with deployments on Ethereum and a set of EVM-compatible chains including Avalanche and Gnosis Chain. The core contract instances on Avalanche, Base, xDai, and Sonic share the address 0xd4dd9e2f02…, while the Ethereum deployment resides at 0xb58e61c309…, a design that simplifies liquidity aggregation. Frankencoin’s stability mechanism forgoes oracle intermediaries; instead, it relies on a collateralized debt position model where vaults autonomously enforce liquidation thresholds.

Frankencoin launched on October 27, 2023, without a publicly named founding team. Its whitepaper, released as a thesis preprint, detailed a novel mechanism for oracle-free peg maintenance through over-collateralization and autonomous liquidations. The protocol’s open-source codebase quickly attracted a modest developer following, evidenced by 29 GitHub stars, and within months the asset was trading on 9 exchanges and 15 pairs.

The project’s long-term objective is to furnish a censorship-resistant, hard-currency analog for the Swiss franc within decentralized finance. By removing oracle vectors and tying the peg directly to collateral liquidations, the system aspires to be a self-regulating monetary instrument immune to external data tampering.

ZCHF tokens are minted exclusively when a user deposits approved collateral into a vault. The protocol over-collateralizes each position at a minimum ratio set autonomously, and the stablecoin is burned upon loan repayment to reclaim the locked assets. No centralized authority can adjust supply; contraction and expansion are driven purely by user interactions with the vault contracts.

Market participants acquire ZCHF to settle cross-border payments in a Swiss franc-denominated blockchain asset, to deploy liquidity into the 34 active trading pairs, or to park capital in a stable instrument during periods of volatility in native-chain tokens. Liquidity providers on decentralized exchanges earn swap fees, while borrowers use the minted stablecoin for trading or hedging without exiting collateral positions.

Frankencoin has a total supply of 30,485,306 tokens. Currently, 30,485,306 ZCHF are in circulation. With a market capitalization of $38,787,011, Frankencoin ranks #567 among all cryptocurrencies.