Frankencoin

Frankencoin, ticker ZCHF, is a decentralized stablecoin designed to track the value of the Swiss franc. It is built for users who want a franc-denominated digital asset that does not rely on a central price oracle, instead using collateral — including real-world assets — to maintain its backing. The project aims to give anyone access to a franc-pegged token without depending on a single trusted intermediary to supply price data.

ZCHF is a collateralized stablecoin: users lock up approved collateral to mint new tokens, and that collateral secures the peg rather than a real-time oracle feed. The protocol exists across multiple networks including Ethereum, Arbitrum, Optimism, Polygon, Gnosis Chain, and Avalanche, meaning tokens can circulate in several different environments. The token itself functions as the unit of account and medium of exchange within the system, and its supply is fully issued with no additional tokens pending or in reserve, as reflected in a supply-issued percentage of 100 and a dilution overhang of 0.

The protocol generates fees from borrowers who use the system to mint ZCHF against their collateral. Over the trailing 30 days, total fees collected were 25,555.58 USD, annualizing to roughly 310,926.22 USD. Of that gross fee income, the protocol retained 4,962.54 USD as revenue over the same 30-day window, annualizing to approximately 60,377.57 USD, with the take rate — the share of fees kept by the protocol — sitting at 19.42 percent over that period. Fee growth over the trailing 30 days was positive at 27.4 percent, while protocol revenue over the same window fell by 100 percent, meaning the split between what participants and the protocol each received shifted materially during that time.