TempleDAO
  • What Is TempleDAO
  • SPICE BAZAAR
    • Introduction
    • Gold Auctions
    • Spice Auctions
    • TGLD Emissions
    • Auction Guide for TGLD
      • Bid USDS for TGLD
      • Claim TGLD from Bidding USDS
    • Auction Guide for SPICE
      • Bid TGLD for Spice
      • Claim Spice
    • Staking Guide for TEMPLE
      • Staking TEMPLE
      • Claim TGLD from Staked TEMPLE
    • Auction Analytics
    • Contract Security
  • Temple Codex
    • Temple History
    • Treasury Price Index
    • RAMOS
    • Temple Loving Care
  • Legacy Functions
    • Deprecated Functions
      • Claim From Vaults
      • Unstake OGT
  • Technical Reference
    • Audits
    • Contracts
    • Admin Controls
  • References
    • Disclaimer
    • Links
Powered by GitBook
On this page
  1. SPICE BAZAAR

Introduction

PreviousWhat Is TempleDAONextGold Auctions

Last updated 3 months ago

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)