TGLD Emissions

The mint function for the Temple Gold contract (TGLD) is a public function. When mint () is called, the following formula is used to calculate how much TGLD will be minted:

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

Where:

• seconds_elapsed = number of seconds elapsed since the last time mint() was called

• max_supply = 1,000,000,000 TGLD

• circ_supply = current circulating supply of TGLD on all supported chains

• vestingFactor = preset parameter used to achieve target exponential decay of TGLD emissions

Due to potential TGLD bridging to other chains, circ_supply is not always equal to Total Supply of TGLD on Ethereum.

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

	Gold Auction Contract	Staking Reward Contract	Team Gnosis
TGLD Distribution as a % of Mint	70%	15%	15%

• Gold Auction Contract = Controller for the bi-weekly Gold Auctions

• Staking Reward Contract = Allocator of Epoch TGLD rewards for TEMPLE Stakers

• Team Gnosis = Team Runway wallet for incentivising and retaining key Contributors