LORE · FILE 00
ONE CURVE.
A short history of the bonding curve that learned to accept change.
Every curve has one window.
On a one-asset launchpad, the curve takes a single quote currency. Hold USDC, PEPE or BONK and you're told to go swap somewhere else first — extra fee, extra slippage, extra step — before you can even queue.
DRAG ⇆ ONE WINDOW / FOUR WINDOWS
Whole communities stand outside, holding the wrong coin.
Stablecoin savers, meme-coin tribes, anyone whose wallet isn't denominated in the curve's one currency. The money is there. The door only fits one shape.
So the curve opened more windows.
At birth, a creator picks 1 to 4 quote assets from the allowlist. The curve accepts each of them directly and keeps a reserve in each. More windows, shorter queues: more people buy without swapping.
Feed the curve.
Direct: pay with a curve asset and it goes straight in. One swap, lowest cost.
Routed: pay with anything else and it's first swapped into whichever curve asset gives the most tokens out — and the route is shown before you sign.
$ waiting for a buyer… tap a coin. (simulation — no wallet, no chain)
It graduates on a count, not a price.
Progress is tokens sold out of the sale allocation. When it hits 100%, the curve closes and its reserves move into AMM pools — one per curve asset. Because the reserve is several currencies at once, its dollar value at graduation floats.
NEVER WRITTEN HERE
“graduates at $69k”
WRITTEN INSTEAD
“Graduates when 100% is sold.”
One token. Four prices. Zero of them in dollars.
A coin priced in a frog, paid for with a dog, and valued in dollars only as an estimate.
RULES OF THE BUREAU · POSTED AT EVERY WINDOW
- 1. Every route is shown before you sign.
- 2. Every fee and price impact is shown before you sign.
- 3. Every dollar figure says “estimated”.
- 4. Tokens are speculative and can go to zero.