Frankencoin vaults
About Frankencoin
Frankencoin issues ZCHF, a decentralised stablecoin designed to track the Swiss franc.
The current listing contains $16.7M TVL in 5 vaults with a TVL-weighted average APY of 3.5% (annualised, last 30 days).
Frankencoin is a decentralised Swiss franc stablecoin. Its ZCHF token is designed to keep a 1:1 value with the Swiss franc while remaining transparent, onchain and usable without relying on a single central issuer. See the official protocol documentation.
The protocol is backed by onchain collateral that can be liquidated when needed to protect the value of ZCHF. Frankencoin has been live since 2023 and is deployed across multiple blockchains.
Common ways to use Frankencoin include:
- Pay with digital Swiss francs through DeFi, payment cards, IBAN integrations, and supported merchants.
- Borrow ZCHF by depositing crypto assets as collateral.
- Earn market-based yield on ZCHF through DeFi applications and the Frankencoin savings module.
- Build applications and financial services that need a programmable Swiss franc settlement layer.
The Frankencoin Savings Vaults wrap the savings module as ERC-20 and ERC-4626 vault tokens. Users deposit ZCHF and receive svZCHF shares whose value follows the savings module yield.
Frankencoin Shares (FCS) provide loss-bearing equity participation in the reserve behind ZCHF, alongside time-weighted governance rights. Net protocol income increases the backing capital and losses reduce it. FCS can lose its entire value. The reference valuation, backing capital and secondary-market price are distinct quantities. Its underlying revenue comes from collateralised ZCHF borrowing fees and position proposals, plus net liquidation results. Accepted collateral includes crypto assets and tokenised gold, giving FCS indirect lending and RWA lending exposure. Savings interest is paid from equity and reduces the net income available to shareholders. Direct redemption depends on the wrapper's underlying voting power and holding duration and applies size- and activity-dependent discounts. Market sales depend on venue liquidity.
Xerberus risk rating
77 View more View less
Filters
Display
Hide vaults
Performance and risk
The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Frankencoin Savings Vault Frankencoin | 3.5% | 3.5% | 4.1% | 18.2 | 0.2% | 0.0% | ZCHF | $12.75M $15.90M | 1.2 | 0.0%/ 0.0% | 3d | Low |  | ||
Frankencoin Savings Vault Frankencoin | 3.4% | 3.4% | 3.5% | 102.7 | 0.0% | 0.0% | ZCHF | $1.46M $1.56M | 1.1 | 0.0%/ 0.0% | 3d | Low |  | ||
Frankencoin Savings Vault Frankencoin | 3.2% | 3.1% | 2.0% | 8.5 | 0.4% | 0.0% | ZCHF | $390.61K $400.64K | 0.6 | 0.0%/ 0.0% | 3d | Low |  | ||
Frankencoin Shares Frankencoin | --- | --- | -1.5% | -2.3 | 7.2% | -1.9% | ZCHF | $1.74M $1.74M | 0.05 | 0.0%/ 0.0% | Unknown | Unknown |  | ||
Frankencoin Savings Vault Frankencoin | --- | --- | 0.2% | 29.1 | 0.1% | 0.0% | ZCHF | $376.09K $421.33K | 0.07 | 0.0%/ 0.0% | 3d | Low |  |
Stay ahead with the best new vaults and essential DeFi updates.
Subscribe to Trading Strategy newsletter