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Overview

Dynamic Bonding Curve (DBC) lets anyone launch a token on Solana with a fully on-chain price discovery mechanism. The bonding curve defines a price schedule using up to 16 liquidity distribution points, and trading happens directly against a virtual pool — no external AMM required until graduation.

Configurable Curve

Up to 16 price-liquidity segments define the curve shape. Start steep for early price discovery, flatten out for later supply.

Automatic Migration

Once the quote reserve hits migration_quote_threshold, the pool graduates to a DAMM v1 or DAMM v2 liquidity pool automatically.

Fee Flexibility

Configurable trading fees with protocol, partner, and creator fee splits. Optional fee scheduler for dynamic launch fees.

Token 2022 Support

Launch SPL tokens or Token 2022 tokens. Transfer fee and other extensions handled natively.

Fixed or Dynamic Supply

Dynamic supply: tokens are minted as they’re bought. Fixed supply: all tokens pre-minted, leftover returned after migration.

Creator & Partner Controls

Configure LP vesting, liquidity percentages, creator trading fees, and post-migration pool parameters per launch.

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Program Address

NetworkAddress
Mainnetdbcij3LWUppWqq96dh6gJWwBifmcGfLSB5D4DuSMaqN
Devnetdbcij3LWUppWqq96dh6gJWwBifmcGfLSB5D4DuSMaqN

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How It Works

1. Create config key  →  defines curve, fees, migration parameters
2. Create virtual pool  →  trading begins immediately (or after activation point)
3. Traders buy base token  →  price moves up the curve
4. Migration threshold hit  →  pool graduates to DAMM v1 or DAMM v2
5. Creator/partner claim surplus + LP positions

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Virtual Pool vs Real Pool

DBC uses a virtual pool (VirtualPool account) during the bonding phase:
  • No real AMM pool exists yet
  • Price is determined by the current position on the bonding curve
  • Both base_vault and quote_vault hold real tokens. Base tokens are either pre-minted (fixed supply) or minted on buy (dynamic supply). Quote tokens accumulate with each buy.
  • After migration, a real DAMM pool is created and all liquidity moves

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Virtual Pool State

FieldDescription
configThe PoolConfig this pool was created from
creatorWho created this pool
base_mintThe token being sold
base_vaultHolds base tokens (or is empty for dynamic supply)
quote_vaultHolds the accumulated quote token (SOL/USDC)
base_reserveCurrent base token reserve on the curve
quote_reserveCurrent quote token reserve (increases with each buy)
sqrt_priceCurrent price on the curve
migration_progressPreBonding → PostBonding → LockedVesting → CreatedPool
finish_curve_timestampWhen quote_reserve >= migration_quote_threshold

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Migration Progress States

PreBondingCurve   → Active trading, price moving up the curve
      ↓
PostBondingCurve  → Migration threshold hit (Jupiter lock variant only)
      ↓
LockedVesting     → LP positions being distributed, vesting set up
      ↓
CreatedPool       → DAMM pool live, bonding phase complete
Most launches go directly PreBonding → LockedVesting → CreatedPool. The PostBonding state is only used for Jupiter-lock-integrated launches.

Curve Configuration

How to define curve segments with LiquidityDistributionParameters

Creator Configuration

All the parameters a creator controls per launch

Migration

How pools graduate to DAMM v1/v2 and LP is distributed

Fee Configuration

Trading fees, protocol split, creator fee, migration fee

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Anti-Sniper Features

Fee Time Scheduler

Timestamp-based fees, such as high fees at launch that decrease over time, help deter snipers and protect the pool during the most volatile periods.

Rate Limiter

Amount-based fees that increases with a higher amount per swap, to deter snipers from sniping large amounts of tokens, while protecting smaller retail traders.

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Other Features

Multiple Quote Token Support

Supports SOL, USDC, JUP, and other quote tokens for maximum flexibility.

SPL Token & Token2022 Support

Compatible with both SPL Token and Token2022 standards for broad token compatibility. Note: a 0.01 SOL pool creation fee applies for Token2022 pools using Output Token fee collection mode.

Flexible Fee Collection Modes

Choose to collect fees only in the quote token or keep a percentage of all fees generated on the Dynamic Bonding Curve.

Customizable Liquidity Distribution

Configure up to 16 price ranges with different liquidity curves for advanced pool customization.

Pool Creation Fee

Partners can configure a SOL fee charged to token creators when creating pools. Partners can claim these fees via the SDK.

LP Vesting (DAMM v2)

Configure vesting schedules for partner and creator LP positions after migration to DAMM v2.
Minimum 10% Locked Liquidity RequirementAll DBC configs require at least 10% of liquidity to remain locked at day 1 (86400 seconds) post-migration. This can be achieved through permanent locked liquidity and/or LP vesting (DAMM v2 only).

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Customizable Fees

The Dynamic Bonding Curve (DBC) virtual pool collects a trading fee on every trade (buy or sell).
  • Protocol Fee:
    A portion of each trading fee is allocated to the DBC protocol (Fixed 20% of the trading fee).
  • Referral Fee:
    Swap hosts (such as Jupiter, Photon, or trading bots) can include a referral account in the swap transaction to receive a referral fee, which is taken from the protocol fee (Fixed 20% of the protocol fee).
  • Fee Sharing in the Bonding Curve: The remaining 80% of the trading fee is the LP fee, which is split between the partner and the creator based on creator_trading_fee_percentage. For example, if creator_trading_fee_percentage = 20%, the partner gets 64% and the creator gets 16% of the total trading fee.
  • Fee Distribution After Migration: Once a token has graduated, the LP tokens are locked for both the partner and the token creator. The ratio of locked LP tokens is determined by the partner’s configuration. Both the partner and the token creator can claim fees from these locked LP tokens on Meteora DAMM v1 or DAMM v2. For DAMM v2 graduated pools, partners can also configure a compounding fee mode that reinvests trading fees back into the LP position instead of distributing them as separate claimable fees.

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Migration

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Automatic Migration

If the DBC pool reaches a pre-defined quote token or price threshold, the liquidity is automatically migrated to a DAMM v1 pool or DAMM v2 Pool on Meteora. We run 2 auto migrator keepers to migrate DBC pools. These 2 keepers have strict migration quote threshold requirements. Keeper addresses that we are running:
  1. CQdrEsYAxRqkwmpycuTwnMKggr3cr9fqY8Qma4J9TudY
  • pool_config.migration_quote_threshold requirements:
    • 10 SOL
    • 750 USDC
    • 1500 JUP
  1. DeQ8dPv6ReZNQ45NfiWwS5CchWpB2BVq1QMyNV8L2uSW
  • pool_config.migration_quote_threshold requirements:
    • >= 750 USD (quote_mint token)
The Migration Keepers only runs on Mainnet.

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Manual Migration

We have built a manual migration user interface for launchpads building on DBC to easily test the migration process.
The Manual Migrator supports both Mainnet and Devnet.