# Introduction ![](https://4119524836-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MfndkgiDCemQJak3Z2W%2F-MjWXqnlNDOAJW18NpOM%2F-MjeNgh3-GsgC-a7z1SS%2FTeddyCashLogo1.svg?alt=media\&token=0c324412-ce74-4a9d-95b6-0ce8e3cf4af8) Teddy Cash is a decentralized borrowing protocol that allows you to draw [interest-free](https://docs.teddy.cash/borrowing#how-can-the-protocol-offer-interest-free-borrowing) loans against AVAX used as [collateral](https://docs.teddy.cash/borrowing#what-do-you-mean-by-collateral). Loans are paid out in TSD (a USD pegged stablecoin) and need to maintain a [minimum collateral ratio](https://docs.teddy.cash/borrowing#what-is-the-minimum-collateral-ratio-mcr-and-the-recommended-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**](https://snowball.network). ### Teddy Dollar (TSD) stablecoin The Teddy Dollar (TSD) is the first stablecoin on the [Avalanche](https://avax.network) network that uses AVAX as collateral. In addition to the collateral, the loans are secured by a [Stability Pool](https://docs.teddy.cash/stability-pool-and-liquidations) containing [TSD](https://docs.teddy.cash/general#what-are-tsd-and-teddy) 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!](https://discord.gg/R4Pn5mRZcH) **Get an overview of the protocol here:** {% embed url="" %} ### --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.teddy.cash/master.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.