Frankencoin
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What is Frankencoin?
Minting and collateral
Borrowers create positions with collateral and a repayment obligation. Minting deducts the applicable up-front fee and retains a minter reserve. The borrower's wallet therefore receives less than the gross issuance. Approved minting modules create and burn ZCHF under their contract rules. Challenges and auctions test whether a position's collateral can cover its debt. These auctions can take days rather than liquidating immediately after an oracle-price update.
Reserves and participation
Borrower reserves provide an initial buffer against liquidation losses. The system's equity capital absorbs losses beyond the relevant reserve. Fees and successful liquidation results can increase that equity. Frankencoin Share Token, or FCS, is the current governance and equity-participation interface. Each FCS wraps an underlying Frankencoin Pool Share. ZCHF holders can use transfers, payment services and the protocol's savings module. Savings rates are set through governance. ZCHF's supply changes with minting and repayment.
Where to trade ZCHF
8 exchanges · top 10
Live spot quotes from connected exchanges
ZCHF funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.