🌉Bonding & DEX Migration

When a token's bonding curve completes (at least 649.3M tokens sold), it can be bonded to HyperSwap for full decentralized trading.

Anyone can graduate a token to HyperSwap when the bonding curve completes but our bots will attempt to bond them as quickly as possible as long as gas prices permit:

function completeBonding(address token) external

Who Can Call This

• Anyone: The function is permissionless

• No restrictions: Any wallet can trigger bonding

• Community driven: Often called by community members or bots

When to Call

The function can only be called when:

• Token has been frozen for bonding

• Token hasn't already been bonded

Bonding Process

1. Automatic Freezing

When the bonding curve completes:

• Token is automatically frozen for bonding

• No more bonding curve trading allowed

• TokenFrozen event is emitted

2. Calling completeBonding

Anyone can then call completeBonding(tokenAddress).

HyperSwap Integration

Price Continuity

The DEX price starts and continues the final bonding curve price:

• Curve price: Based on final reserves

• DEX price: Initial pair ratio

Checking Bonding Status

Token Frozen Status

function getTokenFrozenStatus(address token) 
    external view returns (address tokenAddress, bool isFrozen, uint256 frozenTimestamp)

Token Bonding Status

function getTokenBondingStatus(address token) 
    external view returns (address tokenAddress, bool isBonded, uint256 bondedTimestamp)

Events

TokenFrozen Event

Emitted when bonding curve completes:

event TokenFrozen(address indexed token);

TokenBonded Event

Emitted when bonding completes:

event TokenBonded(address indexed token);

BondFeeCollected Event

Emitted for fee collection:

event BondFeeCollected(
    address indexed token,
    address indexed recipient,
    uint256 feeAmount,
    uint256 timestamp
);

Post-Bonding Benefits

For Token Creators

1. Immediate payout: 5 HYPE bonding fee

2. Ongoing fees: 50% of all trading fees claimable as HYPE

3. Liquidity provision: Permanent DEX liquidity

4. Price discovery: Market-driven pricing

For Token Holders

1. DEX trading: Full HyperSwap functionality

2. Better liquidity: Larger liquidity pools

3. Price stability: Reduced slippage

4. Composability: Integration with other DeFi protocols

For the Ecosystem

1. Permanent liquidity: Cannot be removed

2. Fee generation: Ongoing revenue stream

3. Price discovery: Market-driven valuations

4. Network effects: Increased HyperSwap volume

Best Practices

For Token Creators

• Prepare for launch marketing when bonding approaches

• Understand fee structure and payouts

• Plan post-bonding community engagement

For Traders

• Watch for bonding events to participate in early DEX trading

• Understand liquidity changes during migration

• Monitor new pairs on HyperSwap

The bonding process represents the successful graduation of a token from fair launch to full decentralized trading!