# Team Management Mint

**HOLI management mint is separate from SHYT vesting.** From Genesis start date, every **365 days**, mint **1% of then HOLI total supply** <Md expr="S_t" /> to the **dev address**.

That 1% is of on-chain total supply <Md expr="S_t" />:

<Eq expr="\Delta S = 0.01\, S_t" />

It is not 1% of NAV, and not a deduction from <Md expr="A_t" />. This path does **not** use 69% credits. It does **not** consume the 7-day [inflation quiet](/launch/quiet-period) — that week pauses **staking inflation / premium issuance** only; this mint **still runs on its own rules**. No matching assets enter the Treasury. The new HOLI is **external**. It **enlarges the NAV denominator**. <Md expr="N_t" /> rises. <Md expr="A_t" /> does not. So <Md expr="n_t" /> falls. This path is **NAV-dilutive**.

It is the team's HOLI take. It is **separate from the SHYT lock**. It is not hidden inside Genesis, LP-pairing, premium issuance, or mint-to-swap. SHYT team inventory remains the [10% milestone unlock](/dual-token/team) — unmet remainder **stays locked**.