What Is Defifranc (DCHF)?
The Defifranc (in short DCHF) is an overcollateralized stablecoin pegged to the value of one Swiss Franc. The decentralized borrowing protocol allows you to draw 0% interest loans against ETH and wBTC used as collateral. The protocol offers great capital efficiency thanks to a minimum collateral ratio of only 110%.
The DeFi Franc protocol is a further developed version of the Liquity protocol (one of the best DeFi projects out there) and their stablecoin LUSD. In comparison, the DCHF is pegged to the value of one Swiss Franc (CHF) instead of the USD, allows for more collateral types and is designed to support native leverage on crypto-assets and LP Tokens.
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The DeFi Franc (DCHF) is a decentralized stablecoin, pegged to the Swiss Franc – The most secure, trusted and stable fiat currency in the world. The DeFi Franc is over-collateralized and is created through loans which are backed by ETH.
In times of uncertainty people have always been trusting the Swiss Franc more than other currencies which is also the case right now. In 2022 the US-Inflation reached double-digits while Switzerland kept theirs at 2.8%. This is due to Switzerland’s neutrality, financial stability through its own central bank and a strong economy which isn’t affected as much by outside happenings.
Use the DCHF to diversify your portfolio with the Swiss Franc stablecoins or use the ecosystem to borrow against your ETH the right way.
A stablecoin built for DeFi
There are endless possibilities using the DCHF now and the team is constantly looking for new ways to improve the ecosystem by adding more features which give you the opportunity to earn the best yields
Use the endless possibilities the DCHF ecosystem brings by implementing the DCHF into your dapp.
Exchanges use the DCHF to process trades and give users the opportunity to get out of volatile assets and into a stablecoin pegged to the Swiss Franc.
- Token Name: Moneta
- Token Ticker: $MON
- Contract: 0x1ea48b9965bb5086f3b468e50ed93888a661fc17
- Max-Supply: 100.000.000
There are two ways on how to receive the MONETA token: Receive $MON tokens for staking DCHF into the stability pool. Receive $MON tokens for providing Liquidity into the DCHF Curve pool.
There is only one thing you can do with the $MON token: Stake it in the Staking Pool and profit from the revenues the Moneta protocol is generating through taking the borrowing and redemption fee.
Low Collateral Rate
Borrow with a collateral rate of only 110%. This makes the DCHF ecosystem one of the most capital efficient ways of borrowing money.
Be sure there is always a way for you to convert your DCHF back to ETH no matter what happens to the market.
The DCHF Ecosystem is fully decentralized and non custodial which makes it easy to use for users and developers all over the world.
Low Fees on Loans
Say goodbye to varying interest rates and hello to a one-time fee of 0.5% on the DCHF you borrow. Make your DeFi income plannable.
Don’t leave the platform and earn through the DCHF Stability Pool which pays out returns in ETH and more DCHF. The easiest way to earn on your DCHF.
Benefit from two types of Security. Top Audited Smart Contracts and being pegged to the strongest currency in the world.
For the Borrower you can just think of people who are already invested in ETH or BTC and who want to hold onto it.
They can use protocol to take out a loan in a reliable stable coin with 0% interest rate. Therefore, they are still invested in their favorite cryptocurrency but at the same time can spend the money, reinvest it into something or use the DCHF to generate Yields.
A borrowing Position needs to be 110% overcollateralized at all times. If it falls under the ratio of 110%, the Position will get liquidated; the Borrower loses his Collateral but gets to keep the DCHF.