- Teddy Cash
Despite the bearish branding, Teddy has exploded. In price, TVL, and in market cap. In a very short period of time. Both TEDDY and TSD (Teddy’s USD Stablecoin) flirting with Top 5 rankings on Pangolin by both liquidity and volume.
Let’s break down Teddy Cash.
What is Teddy Cash
You deposit AVAX, and recieve TSD upto 90% of the AVAX value. The AVAX remains locked, but you maintain exposure to AVAX. You can do what you like with the TSD that’s issued.
TSD is Teddy’s stablecoin. It’s minted when people lock AVAX in Troves.
There are multiple yield-earning features. The Stability pool, TEDDY staking, AVAX/TSD farm, and AVAX/TEDDY farm.
Teddy’s two tokens
Teddy Cash’s native token. Used to reward liquidity providers and farmers. Later usage will involve governance.
Teddy Cash’s USD stablecoin. Minted when users open troves. Storing AVAX. Kept stable by market forces.
Why is Teddy Cash so popular
- Borrowing. The key motivation for Teddy. People can borrow further assets on top of their AVAX. Allowing people to lever up, or hedge with other altcoins.
- Arbitrage. The TSD coin fluctuates, as all coins do. If TSD exceeds $1.10, there are riskless opportunities to profit. If TSD falls under $1, again, there are riskless opportunities to profit.
- Simplicity. Unlike most lending protocols, Teddy is simple. Deposit AVAX, get TSD. Spend TSD as you want to.
Is Teddy Cash safe
Teddy Cash is a fork of Liquity. Liquity is a large lender no Ethereum. Their contracts are battle tested with over $2b in liquidity. Teddy’s contracts are almost direct copies of this code. Liquity has been audited multiple times. The contracts are also immutable. Ownership has been relinquished, and the contracts run truly autonomously.
Ongoing audit with Hashex
Despite Liquity being battle tested. Teddy Cash are undergoing an audit with Hashex. Who, have never had a breach. Thus compelling further trust in Teddy’s users.
Stablecoins have risk of moving off peg. Teddy Cash has multiple safety measures to maintain price. Mostly built around arbitrage. Profitable opportunities for market participants to profit by keeping Teddy’s TSD stable.
Where you can buy Teddy
- Total supply: 100,000,000 TEDDY
The Teddy Cash Team
- zeb – founder
- mrhello – cofounder
- disciple leon – biz dev, marketing
- jomari – advisor
- jun – advisor
- myself – advisor
- Twitter: https://twitter.com/TeddyCashLive