Whenever a user creates mints new Hue after locking Eth, TCP mints a non-fungible token (NFT) representing the debt position to the user. Ownership of the debt position is connected to the NFT and not to the user's address. This allows the position to be transferred or locked into another protocol to create any number of financial products that the defi community can imagine.
Any holder of Hue, without having to lock collateral, can stake Hue back to TCP and gain interest. The interest is paid from positive interest charged to those borrowing Hue.
TCP creates deep liquidity for any pool the community decides by purchasing liquidity for Uniswap V3 pools instead of Uniswap V2 pools. Because Uniswap V3 liquidity can be added along a narrow range, Hue will have deeper liqudiity
TCP was built with clear contract, function, and variable names, and extensive code comments. Code clarity and organization is prioritized over brevity. You don't need a PhD or to be a Solidity developer to dig into the code and get a sense for how it works.
Unique Features (this page)