Exchange Teddy Dollar

tsd Price Live Data

The live Teddy Dollar price today is $ 1.23 usd with a 24-hour trading volume of $37 usd. We update our TSD to usd price in real-time. Teddy Dollar is down -2.29% in the last 24 hours. The current coinmarketcap ranking is #, with a live market cap of $0 usd.

What Is Teddy Dollar (tsd)?

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.