Teddy Cash is a decentralized borrowing protocol that allows you to draw interest-free loans against AVAX used as collateral. Loans are paid out in TSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%. Learn more about these mechanisms in our documentation. https://docs.teddy.cash/
The Teddy Dollar (TSD) is the first stablecoin on the Avalanche network that uses AVAX as collateral. 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.
The Teddy Cash protocol offers interest-free loans and is more capital efficient than other borrowing systems (i.e. less collateral is needed for the same loan). Instead of selling AVAX to have liquid funds, you can use the protocol to lock up your AVAX, borrow against the collateral to withdraw TSD, and then repay your loan at a future date.
Where is Teddy Dollar available for purchase?
You can exchange TSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Teddy Dollar is Pangolin, notably the TSD/WAVAX pair, which saw a trading volume of $ 62.99 in the past day.
What is the highest value Teddy Dollar (TSD) has ever reached?
Teddy Dollar (TSD) reached its peak price at 1.75 $ on 12 December 2024, approximately 8 months ago ago. Presently, the current price is -29.71% lower than this all-time high.
What is the historical minimum price for Teddy Dollar (TSD)?
The minimum price reached for Teddy Dollar (TSD) was 0.5067 $, documented on 03 November 2024, more than 10 months ago. In comparison, the current price is 142.71%, it above this historical low.
What is the fully diluted valuation of Teddy Dollar (TSD)?
The fully diluted valuation (FDV) of Teddy Dollar (TSD) stands at $ 35,54 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of TSD tokens. The realization of this FDV might take several years depending on the emission schedule of TSD tokens.