The bonding curve is the mathematical formula that powers Khensu Fun's instant liquidity and dynamic pricing.
What Is a Bonding Curve?
A bonding curve is a mathematical function that defines the relationship between a token's supply and its price:
As tokens are bought: Supply decreases → Price increases
As tokens are sold: Supply increases → Price decreases
This creates automatic, algorithmic pricing without order books or market makers.
Prices on Khensu Fun are quoted in HTR.
Market cap is calculated as:
token price (in HTR) × total supply (1,000,000,000)
User sends HTR
↓
Contract calculates tokens receivable
↓
Tokens sent to user
↓
Price adjusts upward
Instant Liquidity
Every token is immediately tradable after creation:
No need for market makers
The curve is always available to trade against
Predictable Pricing
Price movements follow a known formula:
No Counterparty
Trades execute against the curve itself:
Always available to buy or sell
Price determined algorithmically
What Is Price Impact?
The percentage change in price caused by your trade. Large trades relative to the curve's reserves create higher impact.
Minimizing Impact
Split large trades into smaller ones
Trade when curve has more liquidity
Accept impact if speed is priority
Fair Launch Economics
Every new token:
Has no pre-allocated tokens
Trades from the same curve for everyone
As buys occur:
Price rises along the curve
Early buyers benefit from price appreciation
Curve accumulates HTR reserves
Graduation Trigger
At 6,900,000 HTR market cap:
Accumulated reserves migrate to Dozer Finance
Standard AMM trading begins
Technical Details
The specific bonding curve formula determines:
Rate of price increase per token
Slippage Protection
To protect traders from unfavorable execution:
Users set maximum slippage tolerance
Trades revert if price moves beyond tolerance
Excess funds stored in internal balance for withdrawal
Comparison to Order Books
Aspect
Bonding Curve
Order Book
