The ability to do Frequency Modulation doesn’t depend on the number of oscillators, but on whether or not these oscillators are connected in such a way that the output of one oscillators can modulate the frequency of the other oscillator.

I don’t think the multi-oscillator circuits of the CH/OH and CY/CB voices are wired in such a way that they could support FM.

I also think it’s unlikely that Elektron would create machines where the frequency modulation gets done in the digital domain; that simply wouldn’t be something you could call “analog” anymore and on top of that, they also have another drum machine that does this kind of stuff in the digitally… :wink:

This probably also explains why the Analog Four doesn’t do FM; the oscillators in the A4/AK are DCOs which means the frequency is digitally controlled instead of with a voltage signal.