Frankencoin

Frankencoin, ticker ZCHF, is a decentralized stablecoin designed to track the value of the Swiss franc. It is collateralized and oracle-free, meaning it does not rely on external price feeds to determine the value of its backing assets, which include real-world assets. The project targets users who want a Swiss franc-denominated digital asset that operates without a centralized issuer.

ZCHF is minted against collateral deposited directly into the Frankencoin protocol, with the system's rules enforced by smart contracts rather than by an intermediary or price oracle. The token exists across several networks, including Ethereum, Arbitrum, Optimism, Polygon, Gnosis Chain, and Avalanche. Because the consensus algorithm field is not populated, no further detail about the underlying settlement layer is available here.

Over the trailing 30 days the protocol collected 21,419 USD in total fees, of which it retained 7,800.90 USD as protocol revenue, implying a take rate of approximately 36.42 percent over that period; the remaining fees, roughly 13,618.10 USD over the same window, went to the supply side, meaning collateral providers or liquidity participants. Annualizing from the trailing 30 days produces an estimated 260,597.83 USD in fees and 94,910.95 USD in protocol revenue. Fee generation over the trailing 30 days fell 82.69 percent compared with the prior period, and 30-day revenue growth registered at negative 100 percent, indicating that protocol-retained revenue effectively reached zero in the comparison period. The trailing 12-month fee total stands at 1,157,519 USD, providing a longer-horizon reference alongside these more recent figures.