Defi Franc, abbreviated as DCHF, is an overcollateralized stablecoin that is pegged to the value of one Swiss Franc. This innovative financial instrument operates on the Ethereum network, providing a unique solution for users seeking stability in the volatile cryptocurrency market. The DCHF protocol is designed to facilitate decentralized borrowing, allowing users to secure interest-free loans against various collateral types, including ETH, wBTC, and interest-bearing assets like LP Tokens. With a minimum collateral ratio of 110%, it offers capital-efficient borrowing options that appeal to a wide range of users. As a refined version of the Liquity protocol and its stablecoin, DCHF distinguishes itself by being pegged to the Swiss Franc rather than the US Dollar. This approach not only broadens the range of acceptable collateral types but also enhances the ability to leverage cryptocurrencies and yield-generating assets within its ecosystem. Users can redeem DCHF at any time against the underlying collateral at a face value equivalent to one Swiss Franc. This mechanism ensures that the token retains its value and reliability as a stable financial instrument. Additionally, DCHF tokens are freshly minted from loans, which eliminates issues related to fungibility that can arise with assets processed through coin mixers. This aspect enhances the usability and trustworthiness of DCHF in the decentralized finance landscape.