Teddy Cash is joining the OpenSwap Bridge Founders Program

Teddy Cash has joined the OpenSwap Bridge Founders Program that will be initially introduced on the BNB Chain & Avalanche Fuji Testnet. By integrating OpenSwap’s decentralized native-token cross-chain bridge, They will be opening their selves up to the unlimited possibilities of having $TEDDY accessible to liquidity sources from any chains that the OpenSwap Bridge will support. This is an important and exciting opportunity that will help Teddy Cash grow towards more adoption and higher trading volume. Creates a more exciting and seamless user experience, as their community members can experience cross-chain swaps without impermanent loss and involvements of synthetic tokens.

Teddy allows its users to deposit AVAX and borrow TSD, which is an algorithmic soft-pegged stablecoin at a 0% interest rate. TSD then can be used on Sherpa Cash to further maximize your privacy.

In order to provide the opportunity for cross-chain users to have exposure to Teddy Cash and interest free loans, we need access to a secure and decentralized cross-chain bridge that would allow our token holders to conduct chain-native cross-chain swaps.

Currently, the most common cross-chain approaches in the DeFi space are ‘Lock and Mint Synthetics’ and ‘Cross-chain Liquidity Pair Pool.’

They selected OpenSwap Bridge. Their DEX Aggregator and Hybrid Smart Router are core offerings that will help Teddy Cash users scan for the best price available across all the supported DEXs. This opens up $TEDDY to liquidity from all the chains OpenSwap Bridge supports and is possible because of the unique mechanism of the bridge where it enables a cross-chain purchase of any token with a stable coin.

About OpenSwap

OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and a single asset cross-chain bridge. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain.

About Teddy

Teddy Cash is a fully decentralized borrowing protocol on Avalanche offering interest-free loans and high capital-efficiency. Its stablecoin, TSD or the Teddy Dollar, is Avalanche’s first censorship-resistant algorithmic stablecoin fully backed by AVAX.

SOURCE

https://medium.com/teddy-cash/teddy-cash-joins-the-openswap-bridge-founders-program-25908c0fb57c