Teddy Cash Project Introduction, Team, Financing and News

Performances

Comparison

Event Calendar

Aug 27, 2021

Teddy Cash launches on the mainnet

Details

Teddy Cash is a decentralized lending protocol deployed on Avalanche that allows users to borrow the USD-pegged stablecoin TSD (Teddy Dollar) by depositing AVAX as collateral, with zero interest on loans. Users must maintain a minimum collateral ratio of 110% and pay one-time borrowing and redemption fees. The protocol ensures solvency through a stability pool and liquidation mechanisms, while issuing the governance token TEDDY to capture fee revenue. Its design is similar to Liquity but adapted for the Avalanche ecosystem.

Tags:

DeFi

Lending

Algorithmic Stablecoin

Ecosystem(1):

Avalanche

Founded:

2021