SilverMint will be the second peg token within the ecosystem pegged to (you guessed it) the price of 1 troy oz. of Silver, This is done by utilizing Chainlink Data Feeds as there is no solid Silver token to peg against. This will add two (2) new tokens and one (1) new LP pair into the ecosystem and is here to help benefit the GoldMint Finance ecosystem, it is not here to take away from growing and building GoldMint. New pool(s) will be added to the Vaults earning SGLDM, a new “Boardroom” ( S MINT ) where you stake SGLDM and earn SLVM when over peg, as well as a new Foundry (S Foundry) to acquire BSLVM when it’s trading below peg. This will drive value back to the core ecosystem and allow those acquiring and growing GoldMint Finance tokens/LP to gain a good entry into this part of the ecosystem while also helping incentivize new participants. Expect a better-structured genesis phase that will benefit true believers of the project and penalize those who choose to exit early or try to game the genesis pools.

GENESIS PHASE

Genesis pools will start emitting SLVM rewards on September 19th at 12 PM EST, there are 5000 tokens being emitted over 3 days, and are Whitelist (WL) access only, note that the Node WL and SilverMint genesis WL are the same. This means that everyone who participated in the Node WL is automatically entered into this one and will always be on the Whitelist for future bonuses. The genesis pools will allow staking of the following assets, USDC, GLDM, SGLDM, GLDM/PAXG LP, SGLDM/USDC LP, and SLVM/USDC LP. Single staking pools, ie; GLDM, SGLDM, and USDC will all incur a 1% deposit fee when staking in the gen pools, this is to help mitigate users from simply buying in to sell all tokens after genesis and allow the DAO to grow some POL. Allocation for SLVM tokens will be primarily focused on GoldMint Finance tokens/LP in the beginning, after about 4–6 hours after emissions start, the allocation will be switched to primarily focus on the new SLVM/USDC LP. Doing so will allow us to focus SLVM rewards to those who are building LP early and are here for the long-term. Know that a close eye will be kept on the pool’s APR and TVL to determine whether or not allocation needs to be changed throughout Genesis so that rewards are being distributed healthily.

On September 22nd at 12 PM EST, SLVM will stop emitting rewards and you will now be able to stake your newly acquired Silver tokens in the Vault pools earning SGLDM emissions. At that same time, a new Boardroom ( S MINT ) will be opened for users to stake SGLDM tokens to earn SLVM when it is trading above peg, and a new Bond page ( S FOUNDRY ) to acquire BSLVM when it is trading below peg.

WHITELIST (WL)

To acquire a WL spot you must send 0.125 PAXG to the GoldMint Finance Multisig DAO — 0xf372fdf10d31a01F028FEBe7894449402536ff99 — After that is complete you can send us a message on any of our social media accounts like Twitter, Discord, and Telegram, send the transaction link, and the address which sent the PAXG will be entered into the WL. As said previously above, everyone who entered the WL for the Nodes a while back is automatically entered into this WL. It will always be the same list of addresses with the same requirements to join.

TAX & LP DETAILS

Introducing a Linear sell tax that is based on SLVM peg, when SLVM is trading at or above 1.0 peg there will be a 0% sell tax but as the peg lowers, the tax increases. The Dev came up with this brilliant idea to add this style of tax model whereas the peg lowers, the tax will increase, this will help incentivize users to keep SLVM trading at peg so you can take profits without incurring a tax, and also drive POL + stables to our DAO. The tax will fall into brackets as shown below,

• SLVM Peg = 1.0+ = 0% sell tax
• SLVM Peg = 0.9 = 10% sell tax
• SLVM Peg = 0.8 = 20% sell tax
• SLVM peg = 0.7 = 30% sell tax
• SLVM peg = 0.6 = 40% sell tax

The tax will hit a cap when,

• SLVM Peg = 0.5 = 50% sell tax

Meaning the tax will never be greater than 50%.

We didn’t want users to be taxed when creating/breaking LP so our Dev designed a contract to be WL from the tax so that everybody can participate in LP without incurring any tax. This is built into our website dApp within the Vault Pools themselves,

FAQ

• How will SilverMint benefit the GoldMint ecosystem?

Lets start with the basics and genesis phase, SilverMint will be a part of the GoldMint Finance ecosystem, not another protocol. Genesis will be hosted on the GoldMint Finance website using primarily GoldMint Finance tokens and LP for the distribution of SLVM, this will ensure everyone still hodling and believing in GoldMint will get the best entry and starting point for when the Vault pools start emitting rewards.

• Won’t SilverMint take away from GoldMint?

No. When the Genesis pools open for SilverMint the TVL from the Vault pools will leave to enter those genesis pools, in turn, this will increase APR in the regular Vault pools which will drive the incentive to acquire more GoldMint tokens/LP. At least 1 new pool will be added into the Vaults that emit SGLDM rewards, that will be the SLVM/USDC LP pair. Doing so gives the same effect as the genesis pools because it will take some TVL away from the GoldMint pools and increase its APR. This also allows us to thin out the distribution of SGLDM and make it more valuable by being harder to acquire, this, in theory, can lower the APR if the price of the Share token stays the same but remember, since the beginning of the protocol we’ve always said this is not a degen project. At the same time when the new Vault pool(s) open, a new “Boardroom” will be available in which you can stake SGLDM to earn the SLVM token when it is trading above peg, this will bring more utility to the Share token.

• How will you make sure this new peg token can actually stay at peg?

We’ve learned from experience genesis is truly one of the hardest parts of launching a new protocol. You have to guess what the TVL might be to figure out how many tokens you need to distribute and estimate how many people will participate in a healthy manner, as you may guess it is extremely hard to accurately know what these figures will be. After the launch, we realized we had emitted too many tokens to account for TVL and what we had hoped to achieve in building LP, we also had a lot of bad actors who sold genesis tokens immediately after acquiring them which caused a massive dump in price. Knowing now what may have gone wrong will help us to structure this new token in a better and very healthy way. One key point to note is that this genesis and new token launch is only meant to directly benefit the healthy actors in the protocol and those who believe in the long-term, everyone who holds LP are the true believers in the protocol and will always be looked after. Coming into this genesis with a “quick return” mentality will not be successful as we’re looking to implement some healthy ways to combat the “genesis dumpers”.

Setting up MetaMask​

Step 1 — Download MetaMask Wallet

Go to the MetaMask site and click on “Download”. Choose your preferred browser or mobile application and install the MetaMask extension.

MetaMask supports iOS, and Android native apps along with Chrome, Firefox, Brave, and Edge browser extensions.

Step 2 — MetaMask installation

Click on the MetaMask extension and click on “Get Started”.

You can either import an existing wallet using the seed phrase or create a new one.

Step 3 — Creating a new wallet

Click on “Create a Wallet” and on the next window click on “I agree” if you would like to help improve MetaMask or click on “No Thanks” to proceed.

Step 4 — Create a strong password for your wallet.

Step 5 — Securely store the seed phrase for your wallet

Click on “Click here to reveal secret words” to show the seed phrase.

MetaMask requires that you store your seed phrase in a safe place. It is the only way to recover your funds should your device crash or your browser reset. We recommend you write it down. The most common method is to write your 12-word phrase on a piece of paper and store it safely in a place where only you have access. Note: if you lose your seed phrase, MetaMask can’t help you recover your wallet and your funds will be lost forever.

Never share your seed phrase or your private key to anyone or any site, unless you want them to have full control over your funds.

Click on “Next”.

Step 6 — Seed phrase confirmation

Confirm your secret backup phrase by clicking on each word in the order in which the words were presented on the previous screen. Click on “Confirm” to proceed.

Congratulations! Your MetaMask wallet has been set up successfully.

You can now access your wallet by clicking on the MetaMask icon at the top-right-end corner of your preferred browser or by opening the app on your device.

If you have any questions/concerns you can read through the MetaMask FAQ here.

Adding Funds to MetaMask

How to Add Funds to a MetaMask Wallet on a PC:

If you are using MetaMask on your PC, you will probably access the platform from a browser extension. There are two primary methods to add funds to your account. You can buy Ether (ETH) or Ether Tokens (ERC-20) directly on MetaMask or transfer funds from a crypto exchange. Check out how to use these methods.

Buy ETH or ERC-20 on MetaMask:

Depending on where you live, you may be able to purchase Ethereum directly on MetaMask using a credit card or debit card. You should know that this method can incur additional fees, and you might not receive the ETH immediately as transactions can take time to complete. Let’s look at how to buy ETH on MetaMask.

Step 1

Open the MetaMask wallet browser extension and tap “Buy ETH.”

Step 2

Select a third-party service like MoonPay or Wyre to facilitate the transaction.

Step 3

Follow the prompts given by the service. These generally include Know Your Customer (KYC) requirements and filling in your credit card information.

Once you are done with the instructions, your funds should appear in your MetaMask wallet.

It’s important to look carefully at the transaction terms when choosing a third-party service to fund your account. For example, Wyre accepts credit/debit cards and Apple Pay. These options charge a 3% transaction fee and cap the transaction amount at USD 500 per week. US citizens can also transfer money using an ACH transfer. This method charges a minimal fee of 0.75% and has a larger threshold of up to USD 25000 per week. There is an additional network fee to incentivize miners to complete your transactions.

Add Funds From a Cryptocurrency Exchange

Another way, and in most opinions the best way, you can fund your MetaMask wallet with cryptocurrency by depositing a reputable exchange such as FTX, Coinbase, or Binance.

Acquiring Tokens

Now that you have a MetaMask account and some ETH in it, you will want to either:

A) Acquire PAXG or B) Acquire USDC

(Generally, you only want to start with USDC if GLDM price is above peg)

First, you will want to use the links in our Linktree.

If you chose A:

Step 1

Click the “Buy PAXG” button or use this link.

Then you will need to connect your wallet to the site. This is very simple, it only takes a few clicks.

Step 2

Now that you have connected your wallet, you will want to click the “Select a token” button, then click “ETH”

Step 3

Then, you type in the amount of ETH you are going to swap for PAXG. Click “Swap”, then click “Confirm Swap”.

Now the MetaMask window will pop up and you will need to scroll down and click “Confirm”

Also, after you click the “confirm” button, make sure to click the “Add PAXG” button

Disregard the warning it is giving, that is because I have already added this token to my wallet. Click “Add Token”

Congratulations! You now have PAXG.

If you chose B:

It’s the exact same process as above, except you start with this link here.

Follow everything above, but acquire USDC instead.

Links:

Landing Page

dApp

Merch

Whitepaper

Buy PAXG

Buy GLDM

Buy SGLDM

GLDM Chart

SGLDM Chart

Social Media:

Discord

Twitter

YouTube

Telegram

Help & Guides:

Strategies

General Questions

How to DeFi

Contracts:

Gnosis Safe Multisig:
https://etherscan.io/address/0xf372fdf10d31a01f028febe7894449402536ff99

GLDM: https://etherscan.io/address/0x8Dbd43048e60e3c9a602de7F5f1F1c8A9C6Ffee1

SGLDM: https://etherscan.io/address/0xE61776305003d700FBC8318da97806032a3b08ED

BGLDM: https://etherscan.io/address/0x7D708102986c52133b7bCb536557fb9b26814A92

GLDM-PAXG: https://etherscan.io/address/0x59B858A5e84059D166acF3dc8E8a2369385643aF

SGLDM-USDC: https://etherscan.io/address/0xDfaBf33a5C265192D6293687c08583cce5913169

Genesis: https://etherscan.io/address/0x32707372b88beF099DD2AE190804e519831eeDf4

Share pool: https://etherscan.io/address/0x189F734769cD18099d8a66d1224fef2b1fBf438D

Oracle: https://etherscan.io/address/0x9B96ebD81856367a7640bE779cD75cbbF2c3296b

Treasury: https://etherscan.io/address/0x3504d394b396E0a0Fe2A028C27bA84cca17Bf583

Boardroom: https://etherscan.io/address/0x2BDA2cFE94d746D75d2f60b57c92DC4aF85Eb5F2

Nodes: https://etherscan.io/address/0xE09902fa1d358dC67cD429B27De43df112564Ad7

OP Treasury: https://etherscan.io/address/0xA03b6d2D039E584c36BeA7Cc33A50d8cBE85552d

OP Bond: https://etherscan.io/address/0x3409D94766d17a2B28f0252A9b06A48326bF866e

NFT: https://etherscan.io/address/0xD5Fd86F4b228f2524E73F670680B183294146353

KYC by Ape O’Clock

Available by clicking here.

Audit by Raiders of DeFi

View the audit yourself on the Raiders of DeFi Discord server by clicking here.

Contracts and Wallets

Gnosis Safe Multisig:
https://etherscan.io/address/0xf372fdf10d31a01f028febe7894449402536ff99

GLDM: https://etherscan.io/address/0x8Dbd43048e60e3c9a602de7F5f1F1c8A9C6Ffee1

SGLDM: https://etherscan.io/address/0xE61776305003d700FBC8318da97806032a3b08ED

BGLDM: https://etherscan.io/address/0x7D708102986c52133b7bCb536557fb9b26814A92

GLDM-PAXG: https://etherscan.io/address/0x59B858A5e84059D166acF3dc8E8a2369385643aF

SGLDM-USDC: https://etherscan.io/address/0xDfaBf33a5C265192D6293687c08583cce5913169

Genesis: https://etherscan.io/address/0x32707372b88beF099DD2AE190804e519831eeDf4

Share pool: https://etherscan.io/address/0x189F734769cD18099d8a66d1224fef2b1fBf438D

Oracle: https://etherscan.io/address/0x9B96ebD81856367a7640bE779cD75cbbF2c3296b

Treasury: https://etherscan.io/address/0x3504d394b396E0a0Fe2A028C27bA84cca17Bf583

Boardroom: https://etherscan.io/address/0x2BDA2cFE94d746D75d2f60b57c92DC4aF85Eb5F2

Nodes: https://etherscan.io/address/0xE09902fa1d358dC67cD429B27De43df112564Ad7

OP Treasury: https://etherscan.io/address/0xA03b6d2D039E584c36BeA7Cc33A50d8cBE85552d

OP Bond: https://etherscan.io/address/0x3409D94766d17a2B28f0252A9b06A48326bF866e

NFT: https://etherscan.io/address/0xD5Fd86F4b228f2524E73F670680B183294146353

General Questions

What is an algorithmic stablecoin?

An algorithmic stable-coin is a crypto token that uses price stabilization algorithms to keep the value of an asset, usually at $1. They increase the supply of tokens when the value goes up and reduce the supply when it goes down.

What is compounding in the context of GoldMint Finance?

Earning a return on gains you’ve already made from previous periods is what is commonly referred to as compounding. Basically, it is taking your farmed rewards and re-investing into the pool you started staking in, For example, consider a 3% daily APR on an initial investment of $100. After 24 hours it would grow to $103. After 365 days without compounding: $1195. After 365 days, compounding once daily: $4,848,272.

Terminology Graphics & PAXG Information:

Why GoldMint?

What makes $GLDM different from other algorithmic tokens?

Unlike previous algorithmic tokens, $GLDM is not pegged to a layer 1 token like FTM or AVAX or to a static stable coin like MIM — it is instead pegged to 1 gram of pure Gold. Why is this? GoldMint.Finance believes in the potential value of bringing highly fungible gold to the blockchain and has chosen to derive its value from Gold’s future growth in usage and value. $GLDM aims to become the main medium of exchange on Ethereum: this will be achieved by providing a mirrored, liquid asset to Gold.

One of the primary failures of other “algo” tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg, in the long run, the GoldMint team will maintain a focus on innovation around enhanced functionality and use cases.

This starts with an approach where we achieve a highly liquid, easily exchangeable asset, pegged to gold on the blockchain. This will allow the high APR and bonding discounts provided by Defi to be applied to a token that is pegged to the price of gold. Opening a whole new market for a high-yield bearing gold pegged holding for the first time in history.

Why choose GoldMint Finance?

Why have a token that’s pegged to the price of Gold via Pax Gold Token, a fully backed 1:1 stable coin, when you could just use the PAXG token, traditional gold commodities, or even physical Gold itself instead?

Using an analogy: if Gold is intended to be an ideal universal store of value, and the blockchain is supposed to be a secure universal medium of exchange GLDM is the logical decentralized alternative to traditional stable coins or physical Gold, what will happen when there just isn’t enough Ethereum-native PAXG or even physical Gold not on the blockchain to go around?

If $GLDM succeeds in holding the peg, this will create a mirrored, liquid asset that can be moved around and traded without restrictions, all while benefiting from the price appreciation of Gold itself via PAXG the premier Ethereum native Gold-backed stable token. Reaching the peg and holding the peg is crucial, and this will ultimately be what drives the value of $GLDM for investors. In the short term, this would mean attractive APRs for liquidity providers on what would essentially be a stable pair.

So, once a liquid market is the norm, what happens next? What are some other reasons you’d want to hold $GLDM?

$GLDM aims to become the primary value token on the Ethereum network The selection, development, and deployment of the next generation of Algorithmic Commodity Pegged DeFi projects will be decided by those who hold $SGLDM, $GLDM’s governance token (affectionately referred to as “the money printer” by those who participate in TOMB). We will be referring to it as the “Gold Printer”.

I keep seeing that GoldMint has the potential to become a major medium of exchange, why?

You may have read that by pegging to Gold, $GLDM hopes to become a highly liquid, mirrored asset. What does this actually mean, though?

As an example, say one day that physical gold becomes the world’s main medium of exchange. Everything is measured in terms of gold, whether that’s your weekly salary, or whether it’s the price of bread or a computer. And you need gold to buy literal gas to get to the bakery, or to the computer store.

But imagine if nobody wanted to use their physical gold, and preferred to keep them under their mattresses instead. Since the value of everything gravitates in relation to the gold, there would need to be something out there that is 1:1 “interchangeable” with the gold, so that even if all the gold in the world were tucked under mattresses, people could continue to transact freely.

Knowing that whatever they received would be able to be traded in for gold at whatever point in time they so desired. That’s what $GLDM hopes to become for Gold. And we hope as more and more people embrace gold as a store of value and gauge for measuring the value of other goods and services that people will be interested in a system that is both pegged to gold and provides great yield to the protocol participants.

Protocol FAQs

What’s the normal/most simple procedure to follow for compounding rewards?

The following is NOT FINANCIAL ADVICE. It is for education and entertainment purposes only.

There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the “basic approach” method is detailed below. Also, take some profits along the way. Don’t get too greedy.

If GLDM is above peg:

1. Acquire SGLDM and stake in the Mint to earn GLDM rewards every epoch
2. Zap GLDM into GLDM/PAXG LP then stake or simply single stake GLDM in the Vault to earn more SGLDM
3. Stake earned SGLDM in the Mint

If GLDM is hovering at peg:

1. Acquire PAXG then use 50% of it to acquire GLDM
2. Create a GLDM/PAXG LP in Uniswap then stake in Vault to earn SGLDM rewards
3. Stake SGLDM rewards in the Mint to earn more GLDM
4. A) Zap GLDM into GLDM/PAXG LP or simply single stake GLDM in the Vault to earn more SGLDM
   B) Acquire BGLDM (bonds) in the Foundry and stake in Vault to earn SGLDM (only available if GLDM peg falls below 1.01)

If GLDM is below Peg:.

1. Acquire PAXG and use 100% of it to acquire GLDM
2. Use 50% of GLDM to acquire BGLDM (bonds) in the Foundry (Check first to see if there are bonds available in the Foundry, if there are none, head to the Olympus section and use 50% of PAXG to acquire BGLDM)
3. Stake both GLDM and BGLDM in the Vault to earn SGLDM rewards
4. Sell 50% of earned SGLDM to acquire more GLDM or BGLDM and stake other 50% in the Mint

When can I swap $GLDM for $BGLDM?

You can swap your bond tokens for the base $GLDM token when the following two criteria are met:

1. $GLDM TWAP is above peg, and:
2. There is enough in the treasury to cover the redemption.

$BGLDM TWAP (time-weighted average price) is based on $GLDM price TWAP from the previous epoch as it ends. This means that $GLDM TWAP is real-time and $BGLDM TWAP is not. In other words, you can redeem $BGLDM for a bonus when the previous epoch’s TWAP > 1.1.

What is 50/50?

50/50 is the method best suited to provide stability for both the platform and your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility and helps $GLDM stay above the peg for longer to keep the Mint printing. This, in turn, attracts new investors and keeps the ecosystem growing.

1. When you claim your $GLDM rewards in the Mint, sell 50% of them for PAXG.
2. When you go to provide GLDM-PAXG LP, stake the entirety of your remaining GLDM with the PAXG you’ve just purchased.

Are the Mint rewards pro-rated by time?

(i.e. if I stake three hours before the end of an epoch vs five hours before the end of an epoch, do I get different rewards?)

No, it’s determined by how much you have staked at the time of printing (i.e. end of one epoch and start of the other). It doesn’t matter if you stake 3 hours before or 30 seconds before the emissions occur.

If GLDM continues climbing above the price of the peg, will that influence how long the debt epoch lasts?

Depending on the price of GoldMint, the Mint print will have to adjust to provide a buffer for any unclaimed BGLDM. As the price of GLDM climbs above the peg, more GLDM needs to be distributed to the treasury to account for BGLDM bonus redemption.

Farming and Rewards

How can I figure out what my future $GLDM rewards will be from the Mint?

A simplified example for a non-debt phase says you have 1 $SGLDM staked out of 10 total $SGLDMs staked in Mint, so you will get 10% of the total $GLDM emissions.

So, for this example we are assuming that there is a total circulating supply of 10,000 $GLDM, the current expansion rate is at 4%, and therefore 400 $GLDM will be emitted. You would get ((0.04 * 10000) * 0.8) * (1/10) = 32 $GLDM. With current regulations, this is the distribution breakdown:

90% of printed $GLDM goes to $SGLDM stakers.

5% goes to DAO-fund.

5% goes to the devs.

Formula to calculate your rewards: ((ExpansionRate * CirculatingGLDMSupply) * 0.8) * (YourSGLDMStake/TotalSGLDMStaked)

How long will it take for $SGLDM to pay itself off from $GLDM rewards, based on current prices?

This will vary constantly as the APR in the Mint fluctuates, along with other variables such as the price of $GLDM. For a quick estimation, however, you can do the following:

1. Take the total APR shown in the Mint, and divide that by 365 to get the daily APR. (In this example, we will say the daily APR is 5%.)
2. Multiply that daily APR by the current market price of the total SGLDM you have staked to see what your daily rewards are. (In this example, we have 5 SGLDMs, each worth $50,000, for a total amount staked of $250,000. Your daily return is $250,000 * .05, which comes out to $12,500/day.)
3. Take your initial buy-in price for SGLDMs, and divide it by your daily rewards. If you bought these 5 SGLDMs at a higher price of $70,000, for example, in the current market conditions you will recover your initial investment ($350,000) in 350,000/125 = 28 days.

What is the formula to calculate the redemption bonus for $BGLDM?

To encourage the redemption of $BGLDM for $GLDM when $GLDM’s TWAP > 1.1, and in order to incentivize users to redeem at a higher price, $BGLDM redemption will be more profitable with a higher $GLDM TWAP value. The $BGLDM to $GLDM ratio will be 1:R, where R can be calculated in the formula as shown below:

R = 1 + [(GLDMtwapprice) — 1)*coeff)] where coeff = 0.7

To further illustrate why the longer you hold $BGLDM the more profitable it is, let’s take an initial $1000 investment into consideration. In this example, say this $1000 is used to buy $GLDM when $GLDM TWAP is 0.95 and then swapped for $BGLDM. If these $BGLDM are redeemed when: — $GLDM TWAP is 1.5, your investment would now be worth $1421. -$GLDM TWAP is 2, your investment would now be worth $1789. -$GLDM TWAP is 3, your investment would now be worth $2526. -$GLDM TWAP is 5, your investment would now be worth $4000.

APR is much higher in the Mint than in the Vault for GLDM-USDC LP. Why not just invest everything there?

The Vault APR is linear and prints 24/7, regardless of GoldMint’s relation to the peg. Mint, on the other hand, prints only when GoldMint’s TWAP is above 1.01. Therefore, it may not always be that an investor gets a higher return from the Mint than from the GLDM-PAXG pool. Because $GLDM follows the price of Gold, the GLDM-PAXG LP is akin to holding Gold in your wallet, except with the bonus of a high farming APR on top of it. In other words, if you’re bullish on Gold’s price action, the GLDM-PAXG LP is a way of holding exposure to that single asset while also reaping high APRs.

Why is ‘at-peg’ (TWAP between 1.00 and 1.01) the best time to provide liquidity?

When $GLDM is pegged or close to being pegged to Gold, it is more akin to having exposure to a single asset (single staking) than to your traditional LP’ing experience, where you would run the risk of impermanent loss if one of the tokens went up in value and the other did not.

If I remove my $SGLDM from Mint without first collecting my $GLDM, will it be lost forever?

No, it will still be there to collect whenever you need.

If Gold goes up in value, does $GLDM rise with it?

Yes! Let’s take an example: If Gold pumps in price, it won’t ‘outrun’ $GLDM. The APR will vary in terms of its $USD value, but emissions won’t. This is something that wouldn’t be possible with another 1:1 pegged asset like a stable coin LP position, where the $USD value is directly tied to the emissions. If Gold rises in $USD value, $GLDM goes with it. Same if Gold falls in $USD value, $GLDM will be worthless in $USD, but it won’t affect the peg. The only thing that can change the price of $GLDM in terms of its Gold value is buying and selling it.

How APRs are Calculated

What is APR and APY?

APR stands for Annual Percentage Rate and is as the name suggests the rate of return you would receive over the year for staking in a given pool if the value of your capital, as well as the value of the reward coin, don’t change in this time. At GoldMint Finance we also quote the daily APR which is the return you receive daily for staking in a pool, this is simply calculated by dividing the APR by 365.APY stands for Annual Percentage Yield and is the compounded return you would receive over the year. Due to compounding APY figures quoted are higher than APRs. In GoldMint Finance all returns are labelled as APR not APY as rewards are not automatically compounded if you compound your returns which we recommend you do you will have a higher yield. You can read more on the differences between APR and APY here.

Vault APRs

Every day in the Vault there are ~81.5 SGLDM released in total across all the pools. The total amount of SGLDM released per day cannot be changed and is hardcoded in the smart contract. What does, and can change, is the amount of SGLDM out of this ~81.5 that are distributed to each individual pool. This is known as the pool weighting and can be adjusted by the dev team in order to adjust pool APRs. Pool APRs are determined by a number of factors including the current market price of SGLDM, the TVL of that pool and the amount of SGLDM that gets sent to that pool each day (weighting). If the price of SGLDM declines, the APR will drop, and likewise if the price of SGLDM increases, so too will the APR. However, if the TVL in the pool increases, the APR will decrease, and if the TVL in the pool decreases, the APR will increase.

Vault Daily APR Formula:

(Amount of SGLDM rewarded to pool per day x price of SGLDM) / TVL of pool

Current Vault Pool Weightings (SGLDM per day):

GLDM/PAXG LP — 70%

SGLDM/USDC LP — 20%

GLDM — 5%

BGLDM — 5%

Mint APRs

APRs in the Mint (Boardroom) are calculated differently from the Vault as the reward token is GLDM instead of SGLDM and the amount released per day will differ depending on the circulating supply of GLDM. The Mint also only mints new GLDM when the TWAP of GLDM is above 1.01. The amount of GLDM that is minted per epoch is calculated by multiplying the current expansion rate by the current circulating supply of GLDM. The expansion rate of GLDM per epoch can be adjusted to slow down or increase expansion. The APR depends on the number of newly minted GLDM last epoch, the price of GLDM on the market and the TVL of the Mint which in turn is determined by the price of SGLDM and the number of SGLDM staked.

Mint Daily APR Formula:

((Amount of new GLDM minted last epoch x Price of GLDM) x 4) / TVL of Mint

Keep in mind the above formula is simplified and doesn’t take into account the compounding nature of newly minted GLDM each consecutive epoch and therefore is an estimate based on the amount of new GLDM minted last epoch. To find the number of new GLDM minted per epoch you need to find the current circulating supply of GLDM (shown on the homepage of our site) and multiply this by the current epoch expansion rate which, at the time of writing, is 0.5%.​​

​ — GoldMint NFTs —

​The main purpose of these NFTs is utility, they do not have any crazy art or a 10,000 multiple variation item drop — they are simply shiny golden NFTs that will reward you nicely if you choose to participate in our ecosystem. These NFTs will tie into our future release of the SGLDM (GoldMine) Nodes, allowing you to increase yield by a small margin based on the rarity. They will also have future separate staking utility for those who choose to not claim the rewards tied into each NFT.

Main Details:

Public mint — no limit per wallet.

Mint price — 0.44 GLDM

There are 70 total NFTs, with different rarity levels sorted from most rare to least rare, and with the total amount in existence displayed below:

• 2 — Chest
• 8 — Bar
• 20 — Sack
• 40 — Coin

Each contains different amounts of GLDM that you are able to claim as a reward. (There will be bonus rewards in the future for those who do not claim any rewards from the NFT)

• Chest — 2.5 GLDM
• Bar — 1 GLDM
• Sack — 0.2 GLDM
• Coin — 0.1 GLDM

Future Utility:

NFT will be “staked” with an SGLDM Node (GoldMine) to increase return

Stakeable in a separate pool to earn SGLDM only if GLDM has NOT been claimed (more details soon)

— Olympus Pro —

GoldMint Finance is partnering with Olympus DAO (OHM) to provide more utility and use-case in our ecosystem with an Olympus Pro (OP) Bonding contract for the Bond token BGLDM.

OHM is one of the biggest protocols on ETH and started the 3,3 wave. They introduced bonding, rebase-staking, and governance voting into their ecosystem and have since been perfecting that structure. That’s why they created Olympus Pro, a way to increase POL in a healthy manner that benefits the community and participants.

Olympus has created a custom contract for GoldMint Finance that will utilize the OP Bond program within our seigniorage model to bring more use-case, POL, and utility toward our Bond token BGLDM.

Participants will be able to exchange their PAXG tokens for BGLDM, at a discounted rate that is vested over 7 days. Meaning, that you can actually acquire BGLDM even when the Foundry is empty and get them at a variable discount that changes with supply/demand.

As more people purchase the bonds, the discount/ROI decreases. But if there is no one purchasing, it will continue to increase until someone makes a purchase. This adds a form of gamification where you want to keep your eye on the discount and get in at a good point before someone else beats you to it — sometimes you will see the discount go as high as 50%.

As a participant, this opens up more ways to enter the ecosystem and make returns by allowing you to stake in the Vault, redeem the BGLDM when GLDM is over peg, or trade it in for a Node to start earning daily fixed returns in GLDM!

You can expect to see future upgrades and/or more utilization with the different tokens in our ecosystem as well as any future endeavors with Olympus.

— Nodes/Locked-staking —

What is a Node?

Users may be familiar with the concept of validator nodes which as the name suggests validate transactions on a blockchain, in most blockchain networks these validators are rewarded for their efforts with native tokens. GoldMint Fi Nodes are not transaction validator nodes however they follow this concept of rewarding locked-stakers with GLDM rewards for their efforts. Users deposit GLDM to purchase a node which in turn deposits 90% of that into a reward pool that drips daily rewards back to all node holders thereby granting a passive income in return for locking up your GLDM. 5% of the remaining GLDM will be used to help boost our NFTs coming soon. The other 5% is sent to the DAO and used to increase protocol sustainability through several mechanisms, depending on TWAP, including adding to the GLDM/PAXG LP and/or investing in other protocols to generate a non-protocol specific income that can be used to directly support the system. Our node operates in a similar manner to the many well-known investment-type node projects in existence such as Grape Fi (our lovely partner/friends) and others.

Disclaimer & Risks:

Note that investing in DeFi is experimental and risky, there is no guaranteed return on any product or investment. By participating in GoldMint Finance, you agree that the team/company is not responsible for any financial losses from investing in GoldMint Finance, nor do we promise any returns now or in the future

GoldMint Fi Nodes:

The first thing you must know is that to be able to participate in the Nodes, you need to be WHITELISTED!

There are unlimited whitelist spots.

What does WL offer you? Not only does it allow you to acquire Nodes, but it will also grant you bonus’s in the future and give you an advantage for later systems. One you might see is a discount on future NFT releases or early access to something we drop. More to come soon…

To get a WL spot you have to send 0.125 PAXG to our DAO, 0xf372fdf10d31a01F028FEBe7894449402536ff99 or you can join the Discord and try to win one within the events/contests that are held. After you have sent the PAXG, please open a support ticket in our discord server for further assistance.

GoldMint Finance Nodes are here to help the ecosystem by providing more utility, support, and sustainability by introducing a form of “locked-staking” within our multi-token protocol. Nodes will be limited in relation to the amount of GLDM in circulation and will regularly cost 1 GLDM, though this first round will be at a 20% discount costing 0.8 GLDM. Participants earn rewards in a linear method of 1.5% daily (0.4% per Epoch) for a total of 96 days, this comes out to a return of 144% quarterly (more information further down). Nodes give a fixed return unlike our VAULTS and MINT which have a variable APR, this will provide an area to reward long-term participants/holders with a slightly higher and stable yield than the VAULT, and in turn, lock up a portion of the GLDM supply helping to reduce market sell pressure on GLDM.

We use the terms locked-staking and Nodes together because they are essentially the same, the main difference is with a Node you cannot pull out your initial deposit with the rewards earned like normal locked-staking. Instead, you are giving your tokens to a contract pool that distributes those tokens back to the participants over time.

Main Details:

• Limited amount of total Nodes which correlate to the amount of GLDM in circulation, new Nodes will only be released when over peg or when all Nodes have reached 100% ROI or expired
• Unlimited Nodes per wallet
• Fixed 1.5% daily return that expires after 96 days = max ROI of 144%

Tax:

Compounding before a Node has made its full ROI will put it through a claim first, and therefore you will get taxed based on the peg at the time.

• 20% Tax on early claim when GLDM is under peg 📉
• 10% Tax on early claim when GLDM is above peg 📈
• 2% tax on fully vested to compound rewards into new Nodes
• 2% Tax on fully vested withdrawal

First set of Nodes:

• 1500 total Nodes available:
• 1000 GLDM Nodes costing 0.8 GLDM token
• 500 BGLDM Nodes costing 0.8 BGLDM token

First round is 20% cheaper than normal, compounding and/or future Nodes will be 1 token.

Distribution of GLDM tokens: 90% to the reward pool — 5% to the DAO — 5% to NFTs

(All BGLDM goes to the DAO to further support the protocol)

New Nodes will be available for compounding/acquiring by the time 100% ROI is achieved.

Sustainability & ROI:

We believe adding Nodes into the Seigniorage ecosystem will only improve and benefit the utility, as long as it is done in a meaningful way. That’s why we are taking a different approach than other projects’ Node systems and really focusing on the overall sustainability by implementing limited Nodes that emit fixed daily rewards for a quarter of a year.

GoldMint Finance Nodes yield a fixed 1.5% daily and will expire after a total of 96 days, meaning you will receive a maximum ROI of 144%. There’s also a limited amount of Nodes that will be available, this is based on the circulating supply of the GLDM token, and how many Nodes are available/expired. In this first round, 1500 Nodes will be available at no limit per wallet, with 1000 GLDM Nodes and 500 BGLDM Nodes available, (yes that’s right, Bond nodes), though keep in mind that BGLDM Nodes will pay out GLDM as rewards.

We are aiming to release tiers within our next round of Nodes that will have different purchase rates with different ROI, this is to offer more levels of entry and more incentives within the system. Another idea is to release LP Nodes, but more on that soon…

There are a few different methods to help ensure we can provide stability in the Node system, one being a variable tax on the claim of rewards. To enter the Nodes there is a 0% deposit fee but when claiming rewards you will have 0% tax on compounding into a new Node and only a small 2% tax if you let your Node accumulate all of its rewards before claiming any. Though if you claim early (don’t let all the rewards accumulate fully) and GLDM is over peg you will have a 10% claim tax, but if GLDM is below peg, you will have a 20% claim tax. This tax is to help maintain the longevity of the Nodes and incentivize keeping your tokens locked up in the protocol without constantly dumping the earned rewards. The GLDM obtained from the tax will be distributed as follows; 50% to the Node reward pool, and 50% to the DAO. If needed the DAO will send back the GLDM earned to the reward pool.

To maintain the 144% ROI we have a few means to bring more GLDM into the reward pool, one of which will be the release of NFTs coming soon that will have some fun gamification mechanisms and rewards attached to them. We are also going to designate 5% of Mint (Boardroom) prints to this pool, as well as some new additions that haven’t been mentioned before (alpha), to ensure that it can produce the full ROI. Lastly, only if needed, the DAO will be able to support the pool and provide GLDM to the loyal Node holders.

The Distribution of the tokens entering the Node system is as follows, 90% to the reward pool, 5% to the DAO, and 5% to the NFTs. The 5% going to our DAO is to help provide more overall strength and support for the entire GoldMint Fi ecosystem, while the 5% going to the NFTs is going to be a little surprise that will be dropped soon, which will in turn help the ecosystem and benefit the Nodes.

The ultimate goal of this protocol is to offer sustainability and yield by acquiring a vast holding of synthetic gold tokens on the Ethereum network. All algorithmic seigniorage protocols, including this one, stop emitting share tokens at some point. Our share tokens emit for two years and there is a finite cap of 70,000 total supply. At this point, the protocol will transition to its primary intended purpose. Utilize the yield from the DAO to emit a dividend style token which is 1:1 backed by synthetic gold tokens that the DAO holds.

This dividend-style token is one of the key differences between us and other attempts at algorithmically stabilized tokens on the blockchain, once the emissions end the protocol had little to offer. On the contrary, GoldMint will spend its entire two-year emissions phase building the DAO’s synthetic and algorithmic gold token holdings to reach its goal of acquiring substantial synthetic gold token holdings and yield-bearing crypto assets.

This dividend-style token will not slowly chip away at the holdings of the DAO but rather will be emitted sustainably based on the DAO’s daily yield. Ideally, the majority of the DAO’s yield every day will go to the protocol participants (just like the share token will for the first 24 months.) A small percentage of the daily yield will be added to the synthetic gold treasury, creating a sustainable, permanently growing, endowment-style fund that theoretically should be able to emit a synthetic gold-backed dividend token to its participants perpetually!

“War Chest” is the term we will reference for the reserves set aside or built up within the GoldMint ecosystem. As noted above, one of the key problems GoldMint hopes to solve is how to make gold a sustainable, stable asset in which to earn long-term, reliable yield in the blockchain space. In addition, what happens after reward emissions cease, and how does the protocol continue to reward community participants after that time, is a major question. We believe the GoldMint DAO War Chest can be the answer, and help provide GoldMint Community participants with a place for stable, low volatility, long-term yield.

At initiation, from Genesis pool through a twenty-four (24) month time period, the DAO War Chest will exist with three primary functions in mind. These functions are; 1) provide long-term crypto asset-backed stability for Gold Mint and Gold Mint Share tokens, 2) work in conjunction with the GoldMint protocol to help GLDM maintain its 1:31 peg to PAXG, and 3) acquire asset-backed synthetic Gold pegged tokens, initially Pax Gold (PAXG), to help assist in War Chest growth.

Over the first 2 years (24 months), the DAO War Chest will be initiated with the Genesis Pool via the first 1/24th of two-year emissions. War Chest growth will then proceed over 2 years (24 months) in an “accumulation & support” phase, where the War Chest accumulates assets for growth while continuing to support the GoldMint protocol and help GLDM maintain its 1:31 peg to PAXG.

During the first 2 years (24 months), through varying mechanisms, the War Chest will start to initially accumulate the following tokens:

Synthetic Gold Tokens: PAXG, etc.

Stablecoins: USDC, DAI, FRAX, etc

GLDM, SGLDM, GoldMint LP tokens

As well as other crypto assets.

During initiation and through 24 months, the DAO War Chest will continue to accumulate the tokens as outlined above, in harmony with the overall health and in support of the GoldMint protocol. Over this time period components of the War Chest will be used to achieve the following goals, which may vary in importance and precedence over the course of time:

• Earn yield to further grow the War Chest

• Support the GoldMint Protocol to help decrease volatility and maintain 1:31 GLDM to PAXG peg.

• Provide liquidity funding for ongoing DAO War Chest operations and participation.

• Work in conjunction with the GoldMint protocol in expansion-related project rollouts (hint…think Silver Mint Token!!!!)

At or around the 24-month time frame, and when SGLDM token emission ceases, the DAO War Chest will functionally transition out of the “accumulation & support” phase and into the “yield generation & support” phase. This “yield generation & support” phase will then continue, indefinitely, from that time onward. At this time, the DAO War Chest will ideally have a composition of 50% PAXG, and 50% other assets (as outlined above).

After the 24-month time frame, the primary goal for the DAO War Chest protocol is to continue to accumulate PAXG (or similar synthetic gold-backed pegged assets), while at the same time producing yield (or providing a “dividend” style token) to LP providers, token holders, and community participants. The DAO War Chest will also continue as one of its goals, in an ongoing fashion, to support the GoldMint protocol to help maintain a 1:31 GLDM to PAXG peg. Also in an ongoing fashion, the DAO War Chest will attempt to increase the War Chest holdings to greater than 50% PAXG, which will ensure that its value continues to increase, in a stable fashion, perpetually.

Equally important, at or around this 24-month time period, control and governance of the DAO War Chest will be transitioned. Specifically, governance over the protocol and its ongoing direction at that time will be accordingly transferred to token holders and a mechanism of ongoing decentralized control will be established, which will govern from that point forward.