# TGLD Emissions

The mint function for the Temple Gold contract ([TGLD](https://docs.templedao.link/technical-reference/contracts)) is a public function. When mint () is called, the following formula is used to calculate how much TGLD will be minted:

$$
\text{\textcolor{orange}{mint()} = seconds\text{\textunderscore}
elapsed \* (max\text{\textunderscore}
supply - circ\text{\textunderscore}
supply) / vestingFactor}
$$

| PARAMETER         | VALUE           | COMMENT                                                                                |
| ----------------- | --------------- | -------------------------------------------------------------------------------------- |
| `seconds_elapsed` | `variable`      | Number of seconds elapsed since the last time `mint()`was called                       |
| `max_supply`      | `1,000,000,000` | Fixed                                                                                  |
| `circ_supply`     | `variable`      | Will grow over time but expected to oscillate at some equilibrium supply in the future |
| `vestingFactor`   | `156`           | Rate parameter used to achieve target weekly exponential decay of TGLD emissions       |
|                   |                 |                                                                                        |

{% hint style="info" %}
Due to potential TGLD bridging to other chains, circ\_supply is not always equal to Total Supply of TGLD on Ethereum. Bridged TGLD is burned on initial chain and minted on the destination chain on a 1:1 basis.
{% endhint %}

\
Once mint() is called, the TGLD emission will be programmatically allocated according to the table below. These allocations are subject to DAO governance. 

<table><thead><tr><th></th><th width="203">Gold Auction Contract</th><th width="229">Staking Reward Contract</th><th>Team Gnosis</th></tr></thead><tbody><tr><td>TGLD Distribution as a % of Mint</td><td><code>70%</code></td><td><code>15%</code></td><td><code>15%</code></td></tr></tbody></table>

* *Gold Auction Contract* = Controller for the bi-weekly Gold Auctions
* *Staking Reward Contract* = Allocator of Epoch TGLD rewards for TEMPLE Stakers
* *Runway Gnosis* = Reserve funds for incentivising and retaining key Contributors

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