I. IntroductionIn Automated Market Makers (AMMs), the bonding curve defines how the price of assets changes as their relative balances inside a liquidity pool shift.Uniswap uses the constant product curve (x * y = k).Curve Finance modifies this with the StableSwap invariant, a bonding curve optimized for stable assets and like-valued tokens.This design allows Curve to achieve low slippage, high efficiency, and make it the backbone of stablecoin trading.II. The StableSwap Bonding Curve1. Conce...

I. IntroductionIn Automated Market Makers (AMMs), the bonding curve defines how the price of assets changes as their relative balances inside a liquidity pool shift.Uniswap uses the constant product curve (x * y = k).Curve Finance modifies this with the StableSwap invariant, a bonding curve optimized for stable assets and like-valued tokens.This design allows Curve to achieve low slippage, high efficiency, and make it the backbone of stablecoin trading.II. The StableSwap Bonding Curve1. Conce...