Tenbin Gold (tGLD) is a liquid, on-chain gold token that gives holders the same spot economic exposure as holding gold itself. It is fully supported by USD stablecoins and gold contracts on CME via regulated institutional brokers, so its value tracks the spot price of gold. tGLD can be staked for stGLD to earn yield.
Staked Tenbin Gold (stGLD) is the yield-bearing form of tGLD. Stake tGLD to receive stGLD; its exchange rate only increases as the protocol distributes realized economic surplus — the yield earned on collateral plus net hedge carry — back to stakers. Rewards reflect realized performance rather than projected returns, and vest gradually to smooth yield. Redeem stGLD for the underlying tGLD plus accrued rewards after a 7-day cooldown, or swap it instantly through onchain liquidity.