Frankencoin is a collateralized, oracle-free stablecoin that tracks the value of the Swiss franc. Its strengths are its decentralization and its versatility.

Unlike other collateralized stablecoins, Frankencoin's auction-based liquidation mechanism does not depend on external price sources. It is very flexible with regards to the used collateral. In principle, it supports any collateral with sufficient availability on the market. However, its liquidation mechanism is slower than that of other collateralized stablecoins, making it less suitable for highly volatile types of collateral.

The frontend you are looking at provides access to five basic functions of the Frankencoin system. Advanced functions, such as proposing new types of collateral or vetoing proposals must at this point in time be performed manually. The source code of this website is openly available and can be freely copied and modified, just like the underlying smart contracts. The smart contracts have been audited by Blockbite, Code4rena, and ChainSecurity. Its economic properties have been analyzed as part of a pending phd thesis.