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:

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

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

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 = Reserve funds for incentivising and retaining key Contributors