Frankencoin is a decentralized protocol issuing ZCHF, a stablecoin tracking the Swiss franc. Unlike centralized stablecoins, it has no issuer holding bank reserves — it's a collateralized debt position (CDP) system: anyone mints ZCHF by locking crypto collateral (ETH, WBTC, tokenized assets) into a position, which must always exceed the ZCHF minted. Repaying the debt burns the ZCHF and releases the collateral; undercollateralized positions are liquidated via market auction, not an oracle price. A reserve pool, capitalized by Frankencoin Pool Shares (FPS), absorbs any shortfall. Frankencoin Shares (FCS) is a 1:1 wrapper of FPS that governs the protocol under improved rules. ZCHF runs on 8 EVM chains (Ethereum, Polygon, Arbitrum, Optimism, Base, Avalanche, Gnosis, Sonic), with collateral and governance anchored on Ethereum mainnet.