Frankencoin (ZCHF) is a collateralized, oracle-free stablecoin on Ethereum that tracks the value of the Swiss franc. It is governed by its community through the Frankencoin Protocol.

How do I borrow using Frankencoin?

You can borrow Frankencoin (ZCHF) by depositing supported crypto collateral such as WBTC, WETH, or PAXG, defining your loan terms, and minting new ZCHF directly into your wallet.

Is Frankencoin safe to use?

Frankencoin is backed by over-collateralized positions and governed by a decentralized community. The protocol is open-source and has been audited by independent security researchers.

What collateral does Frankencoin accept?

Frankencoin accepts a variety of crypto assets as collateral including WBTC, cbBTC, WETH, wstETH, PAXG, XAUt, GNO, and more, each with defined loan-to-value ratios.

How does Frankencoin maintain its peg?

Frankencoin maintains its 1:1 peg to the Swiss franc through over-collateralization and a challenge-based liquidation mechanism that does not rely on external price oracles.

Frankencoin

Borrow Frankencoins

Deposit a collateral and mint new Frankencoins against it. The collateral stays locked until you return the minted coins.

Choose a collateralChoose a crypto asset to use as collateral.

Define termsAdjust amount, maturity, and liquidation price to your liking.

Receive FrankencoinsFresh Frankencoins are minted directly into your wallet.

Collateral

Loan-to-Value

Effective Interest

Liquidation Price

Max. Maturity

Sort By

Collateral

BOSS v2Boss Info AG

35.28%

1.67%

5.00 ZCHF

24 Nov 2026

BOSS v2Boss Info AG

Loan-to-Value

35.28%

Effective Interest

1.67%

Liquidation Price

5.00 ZCHF

Max. Maturity

24 Nov 2026

cbBTC v2Coinbase Wrapped BTC

66.33%

1.25%

45 000 ZCHF

25 Feb 2029

cbBTC v2Coinbase Wrapped BTC

Loan-to-Value

66.33%

Effective Interest

1.25%

Liquidation Price

45 000 ZCHF

Max. Maturity

25 Feb 2029

CRV v2Curve DAO Token

51.64%

4.00%

0.12 ZCHF

25 Dec 2026

CRV v2Curve DAO Token

Loan-to-Value

51.64%

Effective Interest

4.00%

Liquidation Price

0.12 ZCHF

Max. Maturity

25 Dec 2026

GNO v2Gnosis Token

19.16%

1.59%

30.00 ZCHF

28 Aug 2027

GNO v2Gnosis Token

Loan-to-Value

19.16%

Effective Interest

1.59%

Liquidation Price

30.00 ZCHF

Max. Maturity

28 Aug 2027

LENDS v2Switzerlend AG C1 Shares SHA

17.02%

2.17%

20.00 ZCHF

06 Feb 2027

LENDS v2Switzerlend AG C1 Shares SHA

Loan-to-Value

17.02%

Effective Interest

2.17%

Liquidation Price

20.00 ZCHF

Max. Maturity

06 Feb 2027

LsETH v2Liquid Staked ETH

57.12%

1.33%

1 400 ZCHF

06 Dec 2026

LsETH v2Liquid Staked ETH

Loan-to-Value

57.12%

Effective Interest

1.33%

Liquidation Price

1 400 ZCHF

Max. Maturity

06 Dec 2026

PAXG v2Paxos Gold

60.43%

1.67%

2 500 ZCHF

25 Dec 2028

PAXG v2Paxos Gold

Loan-to-Value

60.43%

Effective Interest

1.67%

Liquidation Price

2 500 ZCHF

Max. Maturity

25 Dec 2028

REALU v2RealUnit Shares

65.95%

1.18%

1.20 ZCHF

27 Jan 2029

REALU v2RealUnit Shares

Loan-to-Value

65.95%

Effective Interest

1.18%

Liquidation Price

1.20 ZCHF

Max. Maturity

27 Jan 2029

SPYon v2SPDR S&P 500 ETF (Ondo Tokenized)

77.55%

1.11%

450.00 ZCHF

12 Feb 2029

SPYon v2SPDR S&P 500 ETF (Ondo Tokenized)

Loan-to-Value

77.55%

Effective Interest

1.11%

Liquidation Price

450.00 ZCHF

Max. Maturity

12 Feb 2029

VCHF v2VNX Franc

100.28%

0.00%

1.00 ZCHF

15 Apr 2026

VCHF v2VNX Franc

Loan-to-Value

100.28%

Effective Interest

0.00%

Liquidation Price

1.00 ZCHF

Max. Maturity

15 Apr 2026

WBTC v2Wrapped BTC

54.63%

1.88%

37 000 ZCHF

09 Nov 2027

WBTC v2Wrapped BTC

Loan-to-Value

54.63%

Effective Interest

1.88%

Liquidation Price

37 000 ZCHF

Max. Maturity

09 Nov 2027

WETH v2Wrapped Ether

49.09%

1.33%

1 094 ZCHF

30 Apr 2026

WETH v2Wrapped Ether

Loan-to-Value

49.09%

Effective Interest

1.33%

Liquidation Price

1 094 ZCHF

Max. Maturity

30 Apr 2026

wstETH v2Wrapped liquid staked Ether 2.0

47.32%

2.67%

1 300 ZCHF

07 Jan 2028

wstETH v2Wrapped liquid staked Ether 2.0

Loan-to-Value

47.32%

Effective Interest

2.67%

Liquidation Price

1 300 ZCHF

Max. Maturity

07 Jan 2028

XAUt v2Tether Gold

70.87%

1.67%

2 922 ZCHF

25 Dec 2028

XAUt v2Tether Gold

Loan-to-Value

70.87%

Effective Interest

1.67%

Liquidation Price

2 922 ZCHF

Max. Maturity

25 Dec 2028

ysyBOLD v2Staked yBOLD

70.59%

2.19%

0.75 ZCHF

26 Mar 2027

ysyBOLD v2Staked yBOLD

Loan-to-Value

70.59%

Effective Interest

2.19%

Liquidation Price

0.75 ZCHF

Max. Maturity

26 Mar 2027

Borrow on Morpho

Borrow Frankencoins (ZCHF) at variable rates on the lending platform Morpho.

Collateral

Loan-to-Value

Current Interest

Liquidation Price

Liquidity

Sort By

Liquidity

xETH Leveraged ETH

62.50%

0.03%

0.58 ZCHF

< 0.01 ZCHF

xETH Leveraged ETH

Loan-to-Value

62.50%

Current Interest

0.03%

Liquidation Price

0.58 ZCHF

Liquidity

< 0.01 ZCHF

Frankencoin: The Oracle-Free Swiss Franc Stablecoin on Ethereum

What is Frankencoin and how does it work?

How do I borrow Frankencoin ZCHF using crypto collateral?

What makes Frankencoin different from other stablecoins?

What collateral types are accepted by the protocol?

How can I earn yield with Frankencoin ZCHF?