Teddy Dollar

Lending/Borrowing

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Description

Teddy Cash offers a decentralized borrowing protocol providing interest-free loans against AVAX collateral. Users receive loans in TSD, a USD-pegged stablecoin, maintaining a minimum 110% collateral ratio. The system's security is bolstered by a TSD Stability Pool and borrower guarantees. The non-custodial, immutable protocol increases capital efficiency, enabling liquidity without selling AVAX.

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FAQ

What is Teddy Dollar (TSD) by Teddy Cash?

Teddy Dollar (TSD) by Teddy Cash is a decentralized borrowing protocol operating on the Avalanche network. It allows users to secure interest-free loans using AVAX as collateral. The loans are dispersed in TSD, a stablecoin pegged to the US dollar, and must maintain a minimum collateral ratio of 110%.

How does Teddy Cash ensure the security of its loans?

Teddy Cash secures its loans through a Stability Pool comprised of TSD, where the pooled TSD acts as a safeguard for loans, with fellow borrowers serving as collective guarantors. This decentralized approach helps maintain loan security without requiring custodianship or governance.

What are the advantages of using Teddy Dollar for borrowing compared to traditional systems?

Teddy Dollar offers higher capital efficiency than traditional borrowing systems due to its requirement of a lower collateral ratio of 110%. Users can take interest-free loans by utilizing AVAX as collateral, thereby avoiding selling AVAX to access liquidity, providing a more effective use of assets.

How does Teddy Dollar maintain its USD peg?

Teddy Dollar maintains its USD peg by functioning as a stablecoin within the Avalanche network. The protocol's design, including the collateralization of AVAX and the support of a Stability Pool, ensures that TSD remains anchored to the value of the US dollar for reliable price stability.

Can you explain the non-custodial nature of Teddy Cash?

Teddy Cash operates as a non-custodial protocol, meaning it does not hold or manage users' private keys or assets. This structure enhances security by giving users complete control over their AVAX collateral and TSD loans without needing to trust a third-party custodian.

What should I do if my collateral ratio falls below 110%?

If your collateral ratio falls below 110%, it is crucial to take prompt action to avoid liquidation. Options include adding more AVAX to your collateral or repaying part of your TSD loan to restore the desired collateral ratio, ensuring your loan remains secure.

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