TLN Plus (TLN+)
TLN Plus is a unique token minted and distributed by the TLN Protocol as a reward mechanism for participants in the VOW ecosystem.
Collecting TLN Plus
Staking Rewards: TLN Plus is collected by staking DEX-issued liquidity pool (LP) tokens that are comprised of assets from the VOW ecosystem.
Referral Rewards: In addition to rewards for personal staking, you can collect additional TLN Plus by showing others the TLN Protocol staking opportunity, or by showing others the TLN Protocol Lending opportunity. After consideration, if they then choose to stake or lend you will collect additional TLN Plus, if they fall within your sphere of influence.
Using TLN Plus
TLN Plus tokens offer two primary utilities:
Borrowing Capacity: 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 $1 worth of VOW tokens.
Burn 1 TLN Plus token to initiate the loan.
TLN Plus tokens do not expire, so they can be used to borrow v$ at any time subject to a lender being available.
Market Trading: TLN Plus tokens can also be traded on decentralized exchanges (DEXs). Their market value is determined by the balance of supply and demand, as well as their liquidity in DEX liquidity pools.
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.
Decentralized Market: Trading on DEXs ensures that TLN Plus has a dynamic, market-driven value.
Long-Term Value: With no expiration date, TLN Plus tokens provide ongoing borrowing opportunities.
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