> For the complete documentation index, see [llms.txt](https://docs.templedao.link/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.templedao.link/temple-codex/temple-loving-care.md).

# Temple Loving Care

<figure><img src="/files/aFjv4RoT6fHi5aH3tS4w" alt=""><figcaption></figcaption></figure>

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in the [Spice Bazaar](broken://pages/bE1t6wkvu3ZHdB8Zewsy) until the debt has been repaid and the TEMPLE collateral is withdrawn from TLC.

{% hint style="info" %}
The max loan-to-value (LTV) has been raised from 75% to 85% with on-chain liquidation LTV set to 90%. Furthermore, the TLC borrow rate is now **fixed at any utilisation ratio** from 0% to 100%+ of the TLC Debt Ceiling.&#x20;
{% endhint %}

{% hint style="info" %}
The TLC borrow interest rate will be periodically updated per the formula below which is based on the benchmark *Risk Free Rate* set which can be set to the DAI Savings Rate (sDAI) or the current APR of the Temple Treasury idle strategy ([sUSDS+](https://www.origami.finance/collections/sky-collection/1-0x0f90a6962e86b5587b4c11bA2B9697dC3bA84800))
{% endhint %}

$$
\boxed{\text{Borrow}*{rate} = \text{sDAI}*{rate} \* max(1.1, 1 + \text{TEMPLE}\_{{\text{staked%}}})}
$$