TLN Plus (TLN+)
TLN Plus is a unique token minted and distributed by the TLN Protocol as a reward mechanism for referring liquidity providers to stake in TLN.
Collecting TLN Plus
Referral Rewards: In addition to TLN Gold rewards for personal staking, you can collect TLN Plus tokens by showing others the TLN Protocol staking opportunity. After consideration, if they then choose to stake, you will collect additional TLN Plus, if they fall within your sphere of influence.
Using TLN Plus
TLN Plus tokens offer three primary utilities:
Borrowing Capacity for a normal to your wallet v$ loan. TLN Plus serves as a measure of borrowing capacity within the ecosystem:
Each TLN Plus token allows its owner to borrow 1 v$ (VOW Dollar) for a period of 372 days.
To borrow, the user must:
Provide collateral equivalent to $1 worth of VOW tokens.
Provide collateral equivalent to 18% P2P interest rate in VOW tokens.
Burn 1 TLN Plus token to initiate the loan.
Borrow up to 3x the total TLN Plus generated from staking + referral bonuses.
TLN Plus tokens do not expire, so they can be used to borrow v$ at any time subject to a lender being available.
Borrowing Capacity for 2 X Portfolio Booster Loan. TLN Plus serves as a measure of borrowing capacity within the ecosystem:
Each TLN Plus token allows its owner to borrow 4 v$ (VOW Dollar) for a period of 372 days, which can only be used to buy and lock VOW.
To borrow, the user must:
Provide upfront equivalent to 18% P2P interest rate paid in v$.
Burn 1 TLN Plus token to initiate the loan for every v$4 to be borrowed for the purposes of buying VOW and locking it.
They must have staked in TLN Protocol.
You can borrow 3 x the total TLN Plus generated from staking + referral bonuses + 3 times the value of your TLN 1 & 2 Staking
Swapping TLN Plus tokens can be sold to a swap contract for v$ at a rate of 12 TLN plus for 1 v$ and they can also be purchased for 8 TLN Plus for 1 v$
Key Highlights
Versatile Utility: Whether for borrowing or trading, TLN Plus offers flexibility to participants in the ecosystem to access v$ against their VOW holdings with up to a 100% LTV in standard conditions.
Long-Term Value: With no expiration date, TLN Plus tokens provide ongoing borrowing opportunities.
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