Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$22.4KBuyback funds
$0Burn funds
--Buyback ratio
0.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $22.4K | $0 | -- | 0.0% |
| Sep 2026 | $5.37K | $0 | -- | 0.0% |
| Aug 2026 | $7.81K | $0 | -- | 0.0% |
| Jul 2026 | $1.76K | $0 | -- | 0.0% |
| Jun 2026 | $16.15K | $0 | -- | 0.0% |
| May 2026 | $23.14K | $0 | -- | 0.0% |
Comparison
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People
About Frankencoin
Frankencoin is a decentralized stablecoin protocol pegged to the Swiss franc (CHF), launched in 2023 and deployed across 8 blockchain networks. Its native token ZCHF serves as a stable medium of exchange, while FPS functions as the governance token. The core business allows users to mint ZCHF by depositing crypto collateral (such as ETH or WBTC) into over-collateralized positions, with a minimum collateral ratio of 110%. Liquidation is handled through a unique auction mechanism where community participants bid on collateral, rather than relying on external price oracles.
Frankencoin's key competitive advantage is its oracle-free design. Unlike most stablecoins that depend on third-party price feeds—which can be manipulated or fail—Frankencoin uses an auction-based collateral valuation system. This makes the protocol resilient to oracle attacks and reduces systemic risk. Additionally, it is the largest Swiss franc stablecoin, filling a niche for CHF-denominated digital assets.
Market pain points addressed include: (1) reliance on centralized issuers like banks or companies, which carry counterparty risk; (2) vulnerability to oracle manipulation in many DeFi protocols; (3) lack of CHF-denominated stablecoin options for European users and businesses seeking currency diversification.
In the past six months (March to September 2026), Frankencoin joined the MiCA Crypto Alliance, a significant step toward regulatory clarity in the EU. This membership facilitates direct engagement with exchanges and compliance teams on MiCA white paper requirements. Meanwhile, MiCA's implementation has increased pressure on unlicensed operators, and French authorities have issued warnings to non-compliant firms—signaling a tightening regulatory environment that Frankencoin must navigate. The protocol continues to operate without major reported incidents, though it faces ongoing compliance challenges under the evolving EU framework.
Frankencoin (ZCHF) is a decentralized, on-chain collateralized Swiss franc stablecoin launched in 2023 and deployed on eight blockchains, becoming the largest Swiss franc stablecoin while maintaining its 1:1 peg. Its design originates from a PhD thesis at the University of Zurich, introducing the concept of a "Continuous Capital Corporation" with automated liquidation mechanisms and veto-based governance to maintain stability. An independent audit was completed in February 2023.
In June 2026, the Association published a MiCA whitepaper in the EU register and appeared in ESMA's interim register, providing a compliance basis for regulated exchanges and ensuring EU market access; legal assessments confirmed that its decentralized design exempts it from MiCA issuer obligations. These milestones establish its long-term foundation as a non-dollar stablecoin alternative.
Over the past six months, Frankencoin published its MiCA white paper in the European register, securing regulatory clarity for ZCHF as a crypto-asset under EU law. The project joined the MiCA Crypto Alliance to collaborate on stablecoin classification, white paper standards, and exchange listing requirements. ZCHF remains the largest Swiss franc stablecoin, available across eight blockchain networks, with its peg maintained since launch. Independent audits covered smart contracts, economic design, and legal opinions confirming its payment token status under Swiss law and crypto-asset status under MiCA. Future focus: working with the alliance to shape how decentralised stablecoins are treated under MiCA, easing listings for non-traditional issuers, and expanding the on-chain collateral universe to scale the protocol.
Johannes Kern: Managing Director of Frankencoin. Previously founded smart contract automation platform Nerif, startup talent platform cofoundme, and helped build L1D, a major European institutional Web3 investor.
Luzius Meisser: Inventor of Frankencoin and board member of the Frankencoin Association. Active in the Swiss crypto scene, he has spoken at Crypto Valley conferences.
Paolo Di Stefano: Director of Collateral Management at Frankencoin. Previously held roles at K33, Bitcoin Suisse, and UBS.