Reversible adaptive
Hybrid bonding curve
Before 80% supply, price discovery advances into a 5000× actuarial band; mint/redeem settle on-curve. LP budget accrues in-contract, gets withdrawn, then you add liquidity manually. Secondary uses a V4-style ledger hook: before each swap we compare curve mint preview vs pool spot—if the pool is too generous, LP fee bumps so it can’t free-ride mints. Roadmap: milestone tiers + a tiny protocol skim to a multisig (new contract + audit).
Once the hook is live it’s not vibes: fees are tied to the curve preview, and pools pay extra if they try to undercut the mint path.
Curve connected · data refreshes on-chain
Live curve
Index curve anchor
Milestone
To 80% · …% to go
Circulating …% · 5000× actuarial release
Marginal price / P₀ (on-chain)
—
From contract `getCurrentPrice` ÷ P₀ (1e8 wei anchor).
Docs
REBC 2.0 whitepaper
Math, fees, risks inside the doc. The line we tell users: secondary isn’t “secret hose into a pool”, it’s an on-chain hook that keeps the pool honest against the curve.