Reserve Bonding Curve

Details of the later stage bonding curve.

A permanent market for BIOP/ETH exchange

The LSBC is an automated market maker(AMM) designed to facilitate an exchange for late users to the BIOPset protocol who are interested in participating in governance. This system will not be introduced until after Uniswap rewards( DEX rewards ) have expired (around 7 months after the launch of the protocol). With the LSBC it doesn't matter if there are no Uniswap LPs offering a BIOP exchange pair the LSBC is a permanent market.

19.4% of the total supply of BIOP will be held by the LSBC. Up until that contract is deployed those funds will be locked and untouchable. Seven months after launch when the DEX rewards are complete then the funds will be transferred in and the LSBC will open.

Once operational anyone will be able to purchase BIOP from the curve by sending ETH, after each purchase the price will increase. While there is any ETH in the LSBC (from previous BIOP sales) anyone will be purchase ETH with BIOP from the curve.

The curve is based on the Bancor bonding curve foundation. This means the price of BIOP per ETH increases with each sale and decreases with each buyback.

The buy and sell functions of the LSBC have optional fees. These fees are both set to zero (0%) by default. The Settlement DAO has the ability to change those fees using two-tiered actions. fees generated through this mechanism are passed into the Settlement DAO treasury for use by DAO stakers.

Critical to the autonomous and censorship-resistant nature of the BIOPset protocol the LSBC allows anyone who may not discover BIOP until later on the change to fully participate in all Settlement DAO activities, even once Utilization Rewards are complete. First and foremost the mission of the LSBC is to provide a permanent venue for all to access BIOP at market-controlled prices.