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The Defi Franc
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The DeFi Franc
Use Cases & Users
Core Features
In Depth
Liquity
Borrowing
Stability Pool and Liquidations
Price Stability and Redemptions
Recovery Mode
Tokenomics
Moneta Tokenomics
Moneta Launch
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THE DEFI FRANC


Redefining Stability.

SUMMARY

The Defi Franc (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.
DCHF Contract: 0x045da4bfe02b320f4403674b3b7d121737727a36
HIGHLIGHTS:

VERSION 1

The Swiss Franc Pegged to the strongest currency in history: The Swiss Franc
(CHF).
Fungibility We all know what happened with USDC and Tornado Cash. Because the
DCHF from the taken Loans are freshly minted, the token is a lot more fungible
than other stablecoins.
0% Interest Rates Borrowing the DeFi Franc only costs a one-time borrowing fee
of 0,5%. It offers 0% interest for the entire lifespan of your position.
Multiple Collateral Types You can deposit ETH or wBTC as collateral to borrow
the DCHF.
Capital Efficiency A Collateral Ratio of just 110% ensures that you get the most
out of your capital.
Always Overcollateralized There is always more ETH or wBTC deposited as
collateral than DCHF in circulation.
Directly Redeemable DCHF can be redeemed at face value for the underlying
collateral.

Core Features
VERSION 2

Yield Generating Collateral You can deposit LP Tokens such as USDT-USDC-DAI-LP
as collateral. Because you pay 0% interest, and LP Tokens increase in value, in
a way, you get paid for taking out a loan.
Leverage You can increase your exposure to your favorite asset. ALSO to Yield
Generating Assets such as the mentioned LP Tokens. If you 10x leverage a
Stablecoin Pool that pays 10% yield, you would generate 100% annual yield.


HOW CAN I EARN MONEY?

There are three different ways to earn money within the DeFi Franc ecosystem.
Deposit ETH or wBTC as collateral, take a loan in DCHF and send that loan to
work in various ways.
Deposit DCHF in the Stability Pool and get ETH or wBTC at a 10% better price.
Furthermore, you get MON as a reward.
Stake MON and earn the borrowing and redemption fees consisting of ETH, wBTC or
DCHF.

Use Cases & Users

WHY DOES THE DEFI FRANC EXIST?

Stablecoins are an important backbone of the decentralized finance sector and
hold a tremendous proportion of the value of the sector. However, almost every
stablecoin is pegged to the US Dollar. A currency that has serious underlying
issues, such as really high inflation numbers.
There is one currency which always thrives in bad economic times. It is
considered a safe-haven and proved its strength time and time again: The Swiss
Franc. This is why the DCHF is pegged to the value of one Swiss Franc (CHF).
Furthermore, the vast majority of stablecoins on the market are being issued by
centralized institutions. Completely against the philosophy of decentralization,
those institutions have the power to freeze, lock or issue tokens. What
consequences this can have, did we see in the Tornado-USDC case.
This is the reason why the DeFi Franc Protocol is forked from Liquity - one of
the most decentralized protocols on the Ethereum Blockchain. The DeFi Franc
supports more collateral types than Liquity, such as wBTC, and will support
native leveraging in the future.
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Use Cases & Users

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Summary
Highlights:
Version 1
Version 2
How can I earn money?
Why does the DeFi Franc exist?