A bonding curve is a rule that sets a token's price from how much of it has been sold. Early buyers pay less, later buyers pay more, and the market exists from the first block because the curve itself is the counterparty.
Why not just add liquidity
Traditional launches need someone to seed a pool and set a starting price, which is where many launches go wrong. On a bonding curve the starting price and the way it rises are written into the configuration before anything trades.
What Meteora's DBC adds
- Configurable curves: the creator sets the supply, the migration size and how steep the price climbs.
- Trading fees that can be shared between the creator and the platform.
- Anti-sniper settings that make the first seconds less profitable for bots.
- A built-in path to a normal pool once the curve is full.
Graduation to DAMM v2
When enough has been bought, the curve is complete and the liquidity migrates into a Meteora DAMM v2 pool. From then on the token trades like any other pair, and fees continue to accrue to the pool's liquidity owners.
Locked and vested supply
A token is easier to trust when team and reserve supply cannot be sold at once. Solcameo launches use locked vesting for the creator allocation, so those tokens unlock over time instead of on day one.
What to check on any curve
- How much supply goes to the curve, how much to the team, and how much is locked.
- The migration threshold, which is how much has to be bought before the pool opens.
- Who can claim trading fees and how they are split.
