Introduction

Teddy Cash is a decentralized borrowing protocol that allows you to draw interest-free loans against AVAX used as collateral. Loans are paid out in TSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio 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.

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 Snowball DAO.

Teddy Dollar (TSD) stablecoin

The Teddy Dollar (TSD) is the first stablecoin on the Avalanche network that uses AVAX as collateral. In addition to the collateral, the loans are secured by a Stability Pool containing TSD 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 — join our Discord!

Get an overview of the protocol here: