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TEDDY is a token that captures the fee revenue generated by the Teddy Cash Protocol via staking. Teddy Cash is a decentralized borrowing protocol that allows you to draw 0% interest loans against AVAX used as collateral. Loans are paid out in TSD and need to maintain a minimum collateral ratio of only 110%.
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.
referencePosted on 09 Jan 2025, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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