Last updated
Last updated
Teddy Cash is a decentralized borrowing protocol that allows you to draw loans against AVAX used as . Loans are paid out in TSD (a USD pegged stablecoin) and need to maintain a of 110%.
In addition to the collateral, the loans are secured by a Stability Pool and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.
Get an overview of the protocol here:
Teddy Cash as a protocol is non-custodial, immutable, and governance-free. It was launched on August 26th, 2021 and is one of many projects originating from the .
The Teddy Dollar (TSD) is the first stablecoin on the network that uses AVAX as collateral. In addition to the collateral, the loans are secured by a containing and by fellow borrowers collectively acting as guarantors of last resort. Teddy Cash as a protocol is non-custodial, immutable, and governance-free.
If you still have questions after browsing our FAQs and documentation —
