# Temple Loving Care

<figure><img src="https://4060857351-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-McG7st47-ZST4fx_Lnt%2Fuploads%2FG6lYobLNHG3OWqCV2EGf%2Fimage.png?alt=media&#x26;token=2d410a7c-3e55-4df6-9c97-fd3ef33a2d8e" 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](https://docs.templedao.link/temple-codex/broken-reference) until the debt has been repaid and the TEMPLE collateral is withdrawn from TLC.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 %}

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


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