Pangolin has entered into a strategic partnership with Teddy Cash for making substantial developments in the DeFi ecosystem. Teddy Cash is a Liquidity Protocol fork that operates on the subject of the C-chain of Avalanche. The team at Teddy Cash aims to establish a decentralized borrowing protocol of high capital efficiency and interest-free loans to drive transactions in stablecoins that are resistant to censorship. The protocol is known as TEDDY Stable Dollar. The Teddy Cash platform is associated with a vast community of members. In the past few weeks, the Teddy Cash protocol has developed greatly in terms of volume and TVL in integration with Pangolin. Pangolin is also working on adding farms for AVAX-TSD and AVAX-TEDDY for supporting the trading and liquidity of the pairs.
Teddy Cash specializes in providing interest-free loans on Avalanche with its decentralized borrowing protocol. The platform is currently pursuing growth and development by entering into more partnerships in the Avalanche ecosystem. The partnership with Pangolin is one of the biggest and most flourishing partnerships of Teddy Cash. The decentralized exchange platform of Pangolin works with Ethereum and Avalanche assets. Pangolin ensures democratic distribution and quick settlement of transfers at low transaction fees. Through the integration, the Pangolin and Teddy Cash users will have the most lucrative trading opportunities that will maximize the yield on their asset investment.
At present, Teddy Cash wants to take $18 million worth of $TEDDY tokens out of circulation. These tokens will be locked forever on the Teddy Cash platform. The drop in the total value of circulation has created an imbalance in the token allocation made by the platform. The platform has set aside a portion of the treasury for management by the community to make up for the imbalance. It is the primary objective of Teddy Cash to establish the use of the $TEDDY token across the DeFi ecosystem. The stakers of $TEDDY will be able to employ funds from the platform’s treasury to invest in unique DeFi projects on the Avalanche Network.