Let your holders borrow francs
against your token.
Anyone can propose a new collateral. A proposal costs 1'000 ZCHF and can be vetoed by Frankencoin Shares (FCS) holders for at least five days; if nobody vetoes, it goes live. Talk to us before you propose.
How a proposal works
- 01
Discuss first
Share your token and the terms you have in mind with the community. Proposals that were discussed are far more likely to pass.
Join Telegram - 02
Propose
Open the first position with your terms in the app. The 1'000 ZCHF proposal fee goes to the reserve and is not refunded.
Open the form - 03
Review and veto period
For at least five days, FCS holders review the proposal and can veto it. If no one does, the collateral is live and others can borrow against it.
See open proposals
What reviewers look for
Four questions decide most proposals.
- 1 A liquid market: auctions must be able to sell the token quickly if a position is challenged.
- 2 Conservative terms: a liquidation price well below the market price gives the system room in a crash.
- 3 A transparent issuer: clear legal structure and public information about the asset behind the token.
- 4 A sensible limit: start small; the limit can be raised later with a new proposal.
Assessment guidance
A proposal sets the liquidation price, minting limit, interest, maturity and reserve share. Existing assessments show how the community weighs these parameters and the rights attached to a token; read a few before you choose yours.
Read existing assessments ↗FAQ
Anyone with 1'000 ZCHF for the fee and enough of the token for the initial position. No registration or approval is needed.
The community, in public. Discussion happens on Telegram and in written assessments on collateral.frankencoin.com.
FCS holders with more than 1% of voting power, including delegated votes. A vetoed proposal is denied and the fee stays in the reserve; you can propose again with different terms.