# Mint

The MINT can also be known as the "boardroom" and "printer" and is the only place in the protocol where you can earn $GLDM after genesis. There are many aspects that go into this section with how it functions and emits rewards, primarily the main thing that everyone's on, would be the TWAP (time-weighted average price). This is the average price of the peg token $GLDM, trying to stay 1/31 with $PAXG, so in this protocol, we want to have the TWAP stay at 1.01 or more.&#x20;

Every epoch when the TWAP is 1.01 or more, the MINT will "mint" new $GLDM into circulation, this is a reward for keeping the price at peg. Mint will not print when it is below 1.01 TWAP in the MINT you stake your earned $SGLDM that you earn from the VAULT. If the protocol stays at 1.01 TWAP during an epoch (Info on epochs below), then at the beginning/end of the next epoch, the MINT will emit $GLDM to the stakers based on your current share of the pool.&#x20;

Always remember that the MINT does not print if we are below 1.01 TWAP. This is to ensure the protocol does not dilute its peg token ($GLDM) by constantly letting more be printed into circulation.&#x20;

GoldMint offers this part of the protocol in hopes that people will use their earned $GLDM to help benefit the protocol further, by re-staking or increasing your share of LP in the VAULT. The deeper liquidity of $GLDM/$PAXG will help maintain its peg price and furthermore ensure the MINT can continue to "print".&#x20;

There are some rules and restrictions within the MINT you will need to remember. Any and all interactions with the MINT will reset both timers. First, there is a timer for un-staking and the second is for withdrawing rewards. When you reset the timer it will take 4 epochs (24 hours) to withdraw your GLDM rewards, and 6 epoch to unstake your SGLDM (36 hours). Also, when you claim your GLDM rewards, it will lock the staked SGLDM for 6 epochs and the next GLDM rewards can only be claimed 4 epochs later.


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