Frankencoin

Off-Chain (Private)

Audited on 2023/10/30

No active critical issues

Summary

The Frankencoin system is a set of smart contracts that issue the Frankencoin (ZCHF) on-chain, a stablecoin that is supposed to be pegged to the Swiss Franc. Each Frankencoin minted is backed either by collateral assets or other trusted Swiss Franc stablecoins. The governance of the system is based on veto rights of shareholders that control at least 2% of the total voting power. “Frankencoin is a collateralized, oracle-free stablecoin that tracks the value of the Swiss franc. Its strengths are its decentralization and its versatility.

Project

Frankencoin

Ethereum

Issues (34)

	Low	Medium	High	Critical	Total
Not fixed	5	1	1	-	7
Fixed	14	10	2	1	27
Total	19	11	3	1	34

Contracts (10)

#	File Name
1	MathUtil.sol
2	Ownable.sol
3	ERC20.sol
4	StablecoinBridge.sol
5	ERC20PermitLight.sol
6	Equity.sol
7	Position.sol
8	Frankencoin.sol
9	PositionFactory.sol
10	MintingHub.sol

#	File Name
1	MathUtil.sol
2	Ownable.sol
3	ERC20.sol
4	StablecoinBridge.sol
5	ERC20PermitLight.sol
6	Equity.sol
7	Position.sol
8	Frankencoin.sol
9	PositionFactory.sol
10	MintingHub.sol

Frankencoin

Summary

Issues (34)

No Functionality to Recover From Bridge Failurenot_fixed/high

Restructuring Equity Shares Does Not Enforce Paymentnot_fixed/medium

Challenge Can Leave Dust Amountnot_fixed/low

Cloned Positions Can Have Arbitrary Expirationnot_fixed/low

Mismatch of Natspec With Implementation in ERC20not_fixed/low

Contracts (10)