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

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SPICE AUCTIONS	Offers	Receives
Bidder	TGLD	Spice
Treasury	Spice	TGLD (to be burned)