Bonding Curve Economics

Current launch-curve mechanics and graduation rules

Core Model

Elata launch curves use constant-product reserves:

k = reserveElta * reserveToken

Buy execution:

newReserveElta = reserveElta + eltaIn
newReserveToken = k / newReserveElta
tokensOut = reserveToken - newReserveToken

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Default Launch Constants

Parameter	Value
Total launch cost	110 ELTA
Seed ELTA	100 ELTA
Creation fee	10 ELTA
App token supply	10,000,000
Curve allocation	5,000,000
Graduation target	42,000 ELTA
LP lock	730 days

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Lifecycle

AppBondingCurve state machine:

• PENDING
• ACTIVE
• GRADUATED
• CANCELLED

Additional behavior:

• permissionless activation after delay
• force graduation after deadline
• creator-only cancel while pending

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Fees On Curve

• Base trading fee comes from AppFeeRouter.feeBps (default 1%).
• Fee is paid on top of buy amount.
• Fees accumulate and are swept into FeeCollector as TRADING_FEE.

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Graduation

When target is met (or force-graduated at deadline):

1. pair is created/loaded on Uniswap V2
2. reserves are added as liquidity
3. LP tokens are locked in LpLocker
4. curve trading closes

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Early Access Gate

Defaults:

• first 6 hours from launch timestamp
• requires 100 XP

This gate can be changed by governance.