Torque fees are subject to change based on governance vote. Fees bolster treasury growth, support community initiatives, and provide runway for design/development.
When it comes to Boost, profits are split 80/20 between depositors and the treasury. When it comes to Borrow, there will be no profits until the end collateral (USDC) is made productive via governance vote. That means for the time being, Torque USD backing will remain idle.
When a loan position becomes underwater, where borrowed > LTV, some of the position's collateral may be seized in order protect Torque. There is a 10% penalty when a user is liquidated which is awarded to the liquidator. To avoid liquidation, please ensure your positions remain healthy by topping up collateral or paying down the loan amount.