Temple Loving Care
Last updated
Last updated
Temple Loving Care, also known as TLC, is designed to allow users to access a short-term line of credit when they supply their TEMPLE token as collateral.
TLC parameters have been set to a flat 15% borrow APR from 0-90% utilisation. Above 90% the rate will rise linearly until it reaches 20% at 100% utilisation.
Users should be aware that TEMPLE tokens that are supplied in TLC cannot be staked for TGLD emissions in the Spice Bazaar until the debt has been repaid and the TEMPLE collateral is withdrawn from TLC.