When we changed from instant hot water to water tank + heat pump, the guy said the tempering valve was a safety thing (IIRC ours was set to 60 degrees Celsius by default, but could go up or down about 10 degree either way). That is, if you accidentally step in the shower with only hot water on you'll still hurt yourself but the damage will be limited to "strong profanity and aloe vera" instead of "you've won a stay in the burn ward".
Although saying this, I did a quick bit of research and found that 60 may still be too high [1]. I have an IR thermometer so I think I'll measure the temperature of my shower (after any loss from pipes etc.) and see if the tempering valve needs adjusting down.
[1] mild nsfw - image of scalded foot https://whywait.com.au/a-serious-hot-water-burn-occurs-in-on...