The DeFi Franc, abbreviated as DCHF, is a pioneering blockchain project that takes the mechanics of decentralized finance (DeFi) to new heights. As an overcollateralized stablecoin, it is pegged to the value of one Swiss Franc, creating a significant development in the world of cryptocurrency.
The Decentralized Borrowing Protocol
At the heart of DeFi Franc is its decentralized borrowing protocol which allows for interest-free loans against ETH, wBTC, and interest bearing assets such as LP Tokens, used as collateral. The protocol is designed to offer capital efficiency in borrowing with a minimum collateral ratio of 110%.
The DeFi Franc Protocol
DeFi Franc protocol stands distinct as it is a friendly fork and an advanced version of the Liquity protocol and their stablecoin LUSD. In its uniqueness, the DCHF is pegged to the value of one Swiss Franc (CHF) instead of the USD, accepts more types of collateral and is engineered to support inherent leverage on cryptos and Yield Generating Assets.
DCHF Redemption and Minting
The DeFi Franc provides the flexibility to redeem the DCHF against the underlying collateral at any time at the face value of one CHF. This feature adds to the appeal of the DCHF in the crypto market. Additionally, freshly minted DCHFs from loans taken do not endure a rat's tail like assets that have been through coin-mixers. This ensures that new DCHFs maintain their fungibility, further distinguishing the DeFi Franc in the crypto space.
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