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What is Teddy?

TEDDY is a token that captures the fee revenue generated by the Teddy Cash Protocol via staking.

Full description of Teddy

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.
  • Exchange symbol (?): TEDDY
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS