Frankencoin (ZCHF): D-Score 53/100 — Moderately Decentralized BlockIndex D-Score: 53/100 (Moderately Decentralized). Frankencoin (ZCHF) is a Layer 2 cryptocurrency using Other consensus. Frankencoin: Decentralized CHF stablecoin using oracle-free collateralized minting, FPS governance, and multi-chain EVM availability. Source: https://blockindex.ai/coin/zchf · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 53: Node distribution: 0: Initial distribution: 25: Governance: 21: Age and history: 7: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Other (2023) - Founder: Luzius Meisser - VC funded: No - Max supply: N/A - Circulating: 37,594,710 Market data (as of 2026-06-19) - Price: $1.24 - Market cap: $46.53M - 24h volume: $446,327.67 - 24h change: -1.12% · 7d change: -1.49% About Frankencoin (ZCHF) is a decentralized Swiss franc stablecoin built to bring CHF-denominated money onto public blockchains. The protocol is centered on ZCHF, an ERC-20 stablecoin intended to track the value of the Swiss franc, and Frankencoin Pool Shares (FPS), a governance and reserve-equity token used by stakeholders who participate in protocol decisions and absorb residual risk. The Ethereum ZCHF contract was created on October 28, 2023, and the project has since been described as available on Ethereum mainnet and multiple EVM networks. Its mission is to provide collateral-backed, censorship-resistant, CHF-based liquidity without operating its own native blockchain or validator network. Technically, ZCHF is implemented as a set of Ethereum smart contracts rather than a standalone chain. Its most distinctive design feature is oracle-free collateralized minting: users open positions, post accepted collateral, and mint ZCHF as a negative balance that must be repaid to reclaim the collateral. The protocol charges non-refundable interest up front when ZCHF is minted and can retain part of newly minted ZCHF as a reserve against liquidation risk. Frankencoin documentation and repository references describe modules such as MintingHub.sol for oracle-free collateralized minting, auction and liquidation mechanisms, bridge contracts for remote chains, a savings module, and cross-chain governance synchronization. Because ZCHF is a token, transaction throughput, block timing, consensus, and security are inherited from Ethereum and supported EVM networks rather than from ZCHF itself. The primary use case is stable, CHF-denominated settlement and borrowing in decentralized finance. ZCHF can be minted against approved collateral, transferred as an ERC-20 token, used across supported EVM environments, and potentially integrated into trading, payments, treasury management, savings, and stablecoin swap workflows. The ecosystem data lists support across hardware, desktop, mobile, browser-extension, and custodial wallet categories, along with centralized and decentralized exchange venues. Infrastructure coverage is broad, with explorers across Ethereum, Optimism, Polygon, Arbitrum, Base, Gnosis, Sonic, Avalanche, and analytics platforms such as CoinMarketCap, CoinGecko, TradingView, and DefiLlama. The protocol is also described as having a bridge capability for movement across Ethereum and major EVM networks. ZCHF has no hard maximum supply in the conventional fixed-cap sense. Supply is created and burned through approved minting modules and borrower positions, so circulating supply expands and contracts based on collateralized demand. Market data in the provided summary places the price around $1.26 to $1.27, with CoinMarketCap showing about 29.42 million ZCHF in total and circulating supply and an effectively 100% circulating ratio. No ICO, VC funding, premine, or public/private initial allocation percentage is documented in the provided source material. The DSCORE extraction therefore treats premine and PIP as 0% or undocumented, while recognizing that ZCHF is minted through protocol mechanics rather than mined or distributed through native block rewards. Governance is described as decentralized and veto-based through FPS holders. Anyone can propose new collateral types or minting modules by paying a proposal fee, while FPS holders are given a veto window and proposals may proceed if no veto is cast. Documentation indicates that a relatively small share of voting power can veto proposals, giving FPS holders an explicit risk-control role over accepted collateral and minting permissions. No CEO, controlling company, or foundation is identified in the reviewed data, and development resources are public through GitHub and official documentation. Forward-looking growth appears focused on additional collateral modules, cross-chain deployments, savings functionality, stablecoin bridge use cases, and continued expansion of CHF-denominated DeFi liquidity. Links - Website: https://frankencoin.com/ - Whitepaper: https://frankencoin.com/thesis-preprint-frankencoin.pdf - GitHub: https://github.com/Frankencoin-ZCHF --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore