TEDDY Rewards and Tokenomics
What is TEDDY?
TEDDY is the secondary token issued by the Teddy Cash protocol. It captures the fee revenue that is generated by the system and incentivizes early adopters and Frontend Operators.
TEDDY rewards will only accrue to Stability Providers — i.e. users who deposit TSD to the Stability Pool, frontends who facilitate those deposits, and liquidity providers of the TSD:AVAX Pangolin pool.
What is TEDDY's max supply?
TEDDY has a max supply of 82,000,000 tokens.
Why is Total Supply 100,000,000 on the contract?
The total supply initially was designed to be 100,000,000 TEDDY. Due to a mistake during deployment of contracts, the Stability Pool rewards contract will only be able to reward 32M out of the 50M assigned tokens. This means that the remaining 18M tokens are stuck on the contract and essentially burned.
Is TEDDY a governance token?
TEDDY is not a governance token at this time but that may change.
How can I earn TEDDY?
TEDDY is earned in three ways:
Depositing TSD into the Stability Pool.
Facilitating Stability Pool deposits through your frontend.
Providing liquidity to the TSD:AVAX Pangolin pool.
What can I do with TEDDY?
TEDDY holders can stake their tokens to earn the fees generated by loan issuance and TSD redemptions. Learn more about staking.
What is TEDDY's distribution schedule?
TEDDY's community issuance (outside of LP incentives and the Community Reserve) follows a yearly halving schedule, described by the following function: 32,000,000 * (1–0.5^year). The purpose of this issuance curve is to favorably incentivize early adopters while also maintaining incentives for the long term.
As noted earlier, Teddy has a max supply of 82,000,000 tokens.
42.6% Community and early adopter rewards
39% for stability pool early adopter rewards. Distributed over 5 years.
Year 1: 16,000,000 TEDDY
Year 2: 8,000,000 TEDDY
Year 3: 4,000,000 TEDDY
Year 4 : 2,000,000 TEDDY
Year 5: 1,000,000 TEDDY
Year X: ...
3.6% for AVAX/TSD Pangolin LP rewards
3,000,000 TEDDY Distributed over the first 6 weeks
33% Treasury for partnerships, advisors, marketing and other rewards, e.g. additional LP rewards.
1M tokens was used for AVAX/TEDDY pool2 rewards.
24.4% Team. Locked for 1 year by smart contract. Then 25% is granted by a multi-sig every quarter.
TEDDY Circulating Supply
Circulating supply figures below and in the excel EXCLUDE the treasury (26M remaining). The treasury may be used to fund further liquidity pools. When funds are allocated the figures below will be updated.
Date
Circulating Supply
2021-08-26
0
2021-09-26
5,120,352
2022-08-26
26,120,352
2023-08-26
49,120,352
2024-08-26
53,120,352
2025-08-26
56,120,352
Detailed circulating supply can be found here:
Last updated