VCHF-ZCHF Bridge is Live: Expanded Utility for VCHF on Frankencoin - VNX
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VCHF-ZCHF Bridge is Live: Expanded Utility for VCHF on Frankencoin

We’re excited to share that the VNX Swiss Franc (VCHF) has unlocked a new milestone — the VCHF-ZCHF Stablecoin Bridge is now live on Frankencoin!

This integration enables VCHF holders to mint ZCHF, a decentralized, oracle-free stablecoin pegged to the Swiss franc, by locking their VCHF as collateral directly on the Frankencoin platform.

What is ZCHF?
ZCHF is collateralized, oracle-free stablecoin pegged to the Swiss Franc. It is part of the Frankencoin protocol, designed to bring a decentralized and accessible version of the Swiss currency on-chain, combining the reliability of traditional finance with the openness of DeFi.

With thу new bridge now active, VCHF holders are able to mint ZCHF by locking their VCHF tokens as collateral on the Frankencoin platform, opening the door to new earning opportunities:

  • Mint ZCHF directly by locking VCHF, token referencing Swiss Franc from a European licensed token generator
  • Expand collateral diversity within the Frankencoin ecosystem
  • Strengthen the connection between TradFi and DeFi
  • Provide both retail and institutional users with an efficient on-chain entry point

“Supporting the VCHF bridge proposal strengthens the Frankencoin ecosystem by bringing in a transparent and reliable collateral and giving Frankencoin  users an efficient gateway to Fiat through VNX’s deep off-chain infrastructure with its banking network and SwissBorg integration.” –  Johannes Kern, Managing Director, Frankencoin Association

This is a major step in increasing real-world utility for VCHF and empowering our community to do more with their assets!

Stay tuned — we’ll share more updates as the proposal moves forward!

About Frankencoin

Frankencoin is a decentralized stablecoin system built on two tokens: ZCHF, a Swiss franc-referencing stablecoin, and FPS, the governance token. Unlike traditional models, it operates without external oracles, making it more resilient but slower in liquidations. ZCHF maintains a soft peg through over-collateralization and economic incentives. FPS holders govern the system, benefit from fees and liquidations, and ensure its long-term stability through a governance model.