CHF / yield-bearing stablecoin

ZCHF · issued by Frankencoin protocol (decentralised, no issuing company); operates under Switzerland's DLT Act. verified

The terms

Issuer

Frankencoin protocol (decentralised, no issuing company); operates under Switzerland's DLT Act

Jurisdiction

Switzerland

Chains

Ethereum, Base, Arbitrum, Optimism, Polygon, Avalanche

Contracts

Ethereum 0x3bf301b0e2003e75a3e86ab82bd1eff6a9dfb2ae explorer

Ethereum 0xb58e61c3098d85632df34eecfb899a1ed80921cb explorer

Yield basis

Rate is set by Frankencoin governance, with proposed changes taking effect after seven days if unopposed. Interest applies to principal only, no compounding on accrued interest. I could not read the current live rate: the Frankencoin app and savings page are JavaScript-rendered and returned no data. DefiLlama reports an average supply APY of 2.88% across 4 Frankencoin-associated yield pools, which is an aggregate across pools and NOT the savings-module rate, so I have not entered it as the yield. source

Size

Not disclosed on any source we could read. source

Minimum

None stated

Who may hold it

Open to anyone. The docs state explicitly that no restrictions limit who can participate. source

Redemption

Withdraw at will. Deposits are fully segregated and remain under the owner's control; there is no background lending of deposited funds. A three-day delay applies before interest begins accruing on a new deposit; for subsequent deposits the delay becomes a weighted average. source

Cost to enter

Gas only. Management and performance fees are both 0%.

Transferability

Freely transferable. No allowlist at the token level.

Secondary liquidity

ZCHF is freely tradeable on DEXs and is listed on Kraken and Mt Pelerin; monthly transfer volume $318.31m per RWA.xyz. I did not obtain a specific DEX pool depth figure.

What we think you should know

Sources

• https://docs.frankencoin.com/savings
• https://docs.frankencoin.com/
• https://frankencoin.com/
• https://frankencoin.com/governance
• https://defillama.com/protocol/frankencoin
• https://app.rwa.xyz/assets/ZCHF

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