clerdent

[clerdent @Clerdent]

verify on-chain.

hook: 0x0000f07d2b5f1ddf3244b8780f972f306efd2888

[clerdent @Clerdent]

the curve has fulfilled its initial purpose.

it bootstrapped supply by minting sato in exchange for eth at deterministic prices. that work is done. the hook stays online from here as minter + buyer of last resort.

[clerdent @Clerdent]

sato

[clerdent @Clerdent]

this is the post-bootstrap regime described in the paper.

hook: bootstrap issuer + last-resort exit
market: price discovery

[clerdent @Clerdent]

sato