# What is GoldMint? {% hint style="warning" %} *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* {% endhint %} GoldMint Finance is a multi-token seigniorage protocol pegged to one (1) gram of gold via $PAXG attempting to bring together the best aspects of decentralized finance and the value and future growth potential of Gold by bridging the high-interest APR yields of Decentralized Finance (DeFi) and the stability and long term value of gold. {% embed url="" %} The GoldMint (GLDM) token’s algorithm will attempt to maintain the value of 1 troy gram of Gold, via “pegging” itself to PAXG (PAX Gold Token). By knowing the price of PAXG “the peg” (a 1:1 gold-backed token) our algorithm will always know what gold is worth via native and instantly available information already on the Ethereum network! Essentially, PAXG will be our “peg” (or gold price feed) that the protocol’s GoldMint token algorithmically tries to maintain. It is a popular stable token that will provide the most accurate “gauge” or “peg value indicator” for 1 troy gram of Gold on the Ethereum blockchain at any given moment. PAXG itself is not only pegged to but also backed by actual gold. Every 1 PAXG is always equal to, and redeemable for, 1 ounce of actual gold. More on our peg, PAXG, below. \ \ Please note: `although GLDM is pegged to PAXG, GLDM is not backed by actual gold.` GoldMint Finance is one of the first and only protocols to have a clear and well-thought-out plan to continue driving value within the ecosystem after the emissions of the share token end, make sure to read more on that in [What we provide](/lite-paper/rundown/what-we-provide.md) This protocol will utilize these mechanisms, laid out in more detail within, to initiate a new era in DeFi. This protocol and its DAO will seek to sustain a gold mirrored algo-stable token; acquire synthetic gold tokens, issued by others, which are backed by gold; and eventually, issue its own synthetic gold-backed dividend token to reward participants in the ecosystem. The DeFi Gold Wars have begun! --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://goldmintfi.gitbook.io/lite-paper/what-is-goldmint.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.