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clerdent

@Clerdent
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sat0.org
Joined December 2011
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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) profile pictureclerdent@ClerdentMay 3
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the hook does two jobs: issuance: p(eth) = (S/K) · e^(eth/S) burn: ethOut = S · ln((K − total + satoIn) / (K − total))
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