星球日报|May 07, 2026 15:26
[Sato's New Documentation Acknowledges Structural Price Differences in Bonding Curve Transactions]
Odaily Planet Daily News: Sato has released new mechanism documentation, providing further explanation of the Curve's operational logic. The document reveals that Sato's Bonding Curve is not a completely symmetrical exchange system. Users mint and burn tokens using different pricing logic, with the burn price structurally lower than the mint price due to adjustment factors. According to the document, Sato officially defines the Curve as an 'issuance system + final buyback pool,' rather than a fully collateralized redemption system. In the early stages, the Curve primarily handles token issuance, but once external market liquidity matures, it transitions into the 'final buyer,' offering on-chain buyback functionality when secondary market liquidity is insufficient. Previously, community developers pointed out that the ethCum and totalMintedFair states within Sato Hook were misaligned, causing users to 'buy at a high Curve price and sell at a low Curve price.' Some ETH remains in the Hook reserve but cannot be fully redeemed through the sell path. Stay tuned for updates.
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