D.01How it works
PAGE04/10SLUGbonding-curveThe bonding curve
Every new token opens on a Meteora DBC pool that prices each swap along a curve. The curve runs from 30 SOL of market cap at the first buy to 400 SOL at graduation.
Why a curve?
A curve means liquidity is permission-less and continuous: anyone can be the first buyer with no LP setup, and the price moves mechanically as the pool fills. No pre-sale, no DEX listing, no team allocation games.
What happens at 400 SOL
The pool graduates: liquidity migrates into a DAMM v2 AMM, permanently locked. The locked position keeps earning trade fees forever, split 80 / 20 between the creator and the protocol.