Treasury Price Index
Last updated
Last updated
The Treasury Price Index is a metric for the stablecoin backing per TEMPLE token. TPI tracks the stable backing per TEMPLE through our innovative "TPI Drip" mechanic. Over time, as we reap the harvest from stablecoin farming and other Treasury activities, the TPI will grow accordingly.
The Treasury also holds volatile assets which are not included in TPI. This ensures that the token backing will not shrink even when asset prices fall during periods of volatility. These volatile holdings are directed to the Spice Bazaar as appropriate.
TempleDAO utilises a novel AMO (Algorithmic Market Operation) liquidity manager called RAMOS to support TEMPLE price at a level no lower than its TPI metric.
