Frankencoin

Frankencoin stands out as a collateralized, oracle-free stablecoin pegged to the Swiss franc, boasting decentralization and versatility as its key strengths. What sets Frankencoin apart is its auction-based liquidation mechanism, which operates independently of external price sources. This feature, combined with its flexibility regarding collateral types, allows for compatibility with a wide range of assets available on the market. However, it's worth noting that Frankencoin's liquidation process may be slower compared to other collateralized stablecoins, making it less suitable for highly volatile collateral assets. The frontend interface offers access to five fundamental functions within the Frankencoin system. Advanced functionalities, such as proposing new collateral types or vetoing proposals, currently require manual execution. Furthermore, both the website's source code and the underlying smart contracts are openly accessible for copying and modification. Rigorous audits by Blockbite, Code4rena, and ChainSecurity have been conducted on the smart contracts, while its economic properties have undergone analysis as part of an ongoing PhD thesis.