Yield on Idle Cash
Treasury-backed yield on cash, for any holding period.
Use cases
Earn yield on stablecoins from the day they arrive
Banks and fintechs
Who this is for
Treasury teams at banks and fintechs that receive stablecoin payments.
The problem today
Incoming stablecoins sit idle until they are paid out. Reaching a money market fund requires converting to fiat, which takes days. On $100mm held for 6 hours, the repo rate is a material return.
How it works on Temple
- Stablecoins are received into your account.
- Lend them against Treasuries through repo.
- Unwind when the cash is required.
What you need to get started
A Temple account and a wallet or custodian holding the stablecoins.
Earn on reserves without a fixed term
Stablecoin issuers
Who this is for
Stablecoin issuers managing reserve assets.
The problem today
Term products offer higher yield but lock the reserve. Because redemptions can arrive at any hour, most reserves sit in overnight instruments and earn less than they could.
How it works on Temple
- Lend reserves against Treasuries through repo.
- Yield accrues for the period the reserve is held.
- Unwind as redemptions arrive.
What you need to get started
An institutional account and reserves in a form that settles onchain.
Earn on intraday cash balances
Money market funds and narrow banks
Who this is for
Money market funds and narrow banks with intraday cash turnover.
The problem today
Cash held for a few hours earns the overnight rate at most, and often nothing. Across a large balance the shortfall is significant.
How it works on Temple
- Lend cash for the hours it is held.
- Earn the Treasury rate for that period.
- Close the position when the cash is needed.
What you need to get started
A Temple account and eligible cash or stablecoin balances.
Earn on cash over the weekend
Treasury desks
Who this is for
Treasury desks holding balances across the weekend.
The problem today
Cash held from Friday close to Monday open earns nothing. The venues that could deploy it are closed.
How it works on Temple
- Lend the balance through repo on Friday.
- Yield accrues through the weekend.
- Unwind Monday morning, or leave the position open.
What you need to get started
A Temple account.
Sweep end-of-day balances into repo
Settlement and treasury operations
Who this is for
Settlement and treasury operations teams at large institutions.
The problem today
Cash left over after the day's settlements sits idle overnight. Deploying it is a manual decision at the end of the day, and it is often skipped.
How it works on Temple
- Configure a scheduled sweep through the API.
- Residual cash moves into repo at a set time each day.
- Positions unwind on the schedule you define.
What you need to get started
A Temple account and an API integration.