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%. In addition to the collateral, the loans are secured by a Stability Pool and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.