Peter Skorovarov

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.

A decentralized application is a service that runs on a peer-to-peer network of computers providing direct interaction between users and providers. As opposed to traditional centralized applications where code is run on centralized servers, decentralized applications are intended to operate in a manner not controlled by a single trusted entity. These properties make decentralized applications inherently more difficult to hack or coerce.

Type 3 DApps are protocols that operate using the protocols of a Type II DApp. Similar to Type II DApps, Type III DApps also have tokens that are required for their function.

A decentralized application (dApp) is a service that provides direct interaction between providers and end users providers through a blockchain or distributed ledger.