Pons V2 Bonding Curves

Every token launched through LFG Pad is deployed directly onto a Pons V2 bonding curve by PonsOmniDeployer on Robinhood Chain. There is no separate liquidity-pool step. The curve exists the instant the token does, and the first buy can happen in the same block as deployment.

How the curve prices trades

A bonding curve prices a token as a deterministic function of how much of it has already been sold — the more supply that's been bought off the curve, the higher the price for the next unit. Every buy moves the price up along the curve; every sell moves it back down. Because the price is a pure function of on-chain state (current reserves and circulating supply), there's nothing to front-run in the traditional 'thin order book' sense, and no way for the curve itself to be manipulated by anything other than actual buy/sell volume.

Quote assets

Every curve is denominated against a quote asset — the token traders spend to buy along the curve. On Robinhood Chain that is native ETH, or a quote the Pons factory has approved. See Quote assets.

Migration at 100% of cap

Once a curve reaches its configured cap, the token 'graduates': its liquidity migrates from the bonding curve into a standard AMM pool (Uniswap V4, behind LFG Pad's TopBlast Protection Hook), and price discovery continues there instead. This mirrors the now-standard bonding-curve-launchpad graduation pattern — the curve's job is bootstrapping fair, rug-resistant initial price discovery, not being the token's permanent market forever.