Introduction

Token Flow in the Spice Bazaar

Spice Bazaar is a unique secondary marketplace for the volatile holdings in the Temple Treasury. These holdings primarily consist of tokens from yield farming activities, liquidity bootstrapping deals, and vested tokens from Partners that were seeded by TempleDAO.

The key to the Spice Bazaar is a fair Auction mechanic that drives cash flow to the Treasury in a sustainable manner through USDS bids for Temple Gold (TGLD), while mitigating price pressure on Partner tokens and promoting further cooperation.

By earning Temple Gold through staking or bidding, both TEMPLE holders and non-holders can transact directly with the Temple Treasury via the two Auction Types as follows:

GOLD AUCTIONS
Offers
Receives

Bidder

USDS

TGLD

Treasury

TGLD

USDS


SPICE AUCTIONS
Offers
Receives

Bidder

TGLD

Spice

Treasury

Spice

TGLD (to be burned)

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