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Core Model

Elata launch curves use constant-product reserves:
When someone buys:
Price rises as more ELTA enters the reserve. Selling tokens reverses the direction.

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Default Constants

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Curve Lifecycle

The AppBondingCurve contract follows a state machine: Additional behavior:
  • Permissionless activation after a configurable delay
  • Force graduation after deadline
  • Creator-only cancel while in PENDING state

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Fees On Curve

  • Default trading fee: 1% (from AppFeeRouter.feeBps)
  • Fee is paid on top of the buy amount
  • Fees accumulate and are swept into FeeCollector as TRADING_FEE
The trading fee is configurable by governance. Check current protocol parameters for the active rate.

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Graduation

When the ELTA reserve reaches 42,000 ELTA (or the deadline triggers force graduation):
1

Pair creation

A Uniswap V2 pair is created or loaded for the app token and ELTA.
2

Liquidity addition

Remaining token reserves and ELTA reserves are added as liquidity.
3

LP lock

LP tokens are locked in LpLocker for 730 days.
4

Curve closes

Bonding curve trading is disabled. All trading moves to the DEX.

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Early Access Gate

For the first 6 hours after launch, buyers need 100 XP to participate on the curve. This prevents sniping by requiring demonstrated protocol participation. The gate parameters are configurable by governance.

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Next

App Tokens

Token distribution and lifecycle

Fee Flow

How fees are routed

App Lifecycle

Full lifecycle overview