The implications of bonding stable vs unstable collateral on a token bonding curve

A recent hackathon gave the Protea team the opportunity to implement a Dai backed stable bonding curve. In this post I am going to explore the implications of bonding stable vs unstable collateral on a token bonding curve (TBC). The concept of TBCs in token engineering is relatively new, so I’ll start by giving a background to TBCs, and direct you to resources to learn more. I’ll discuss some of the effects unstable collateral can have on curation markets and TBCs, as well as how they can be mitigated.

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Navigating the rough waters of unstable collateral — Sacha Styles © Unsplash

Some background

In practice, a TBC acts as an automated market maker, by…

Ocean Data Economy Challenge: Molecule Dataswap

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We released an application, Molecule Catalyst, to the Ethereum mainnet the day after the Ocean submission deadline! Naturally, this filled our minds, and became our inspiration for the Ocean Data Economy Challenge.

Molecule Catalyst provides a platform for researchers working on novel therapeutics to raise funding from the public. Our mission is to democratise research funding and allow the public to engage with researchers while new discoveries are happening. — Titian Steiger,

Visit the live application at and see more details at

See DevPost submission at

We decided to create an integration between the Ocean Protocol

“Capture The Block”, and how play became a powerful tool for understanding bonding curves.

The idea that play is a powerful tool for learning and understanding is nothing new. As kids, we knew no other way, but as adults, we soon forget to play.

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Photo by Kelly Sikkema on Unsplash

“Tell me and I forget. Teach me and I remember. Involve me and I learn.” — Benjamin Franklin

“Whoever wants to understand much must play much.” — Gottfried Benn

“The creation of something new is not accomplished by the intellect but by the play instinct.” — Carl Jung

“Play gives children a chance to practice what they are learning.” — Mr. Rogers

During the ETHCapeTown hackathon, our team made up…

Benjamin Scholtz

Mechatronics engineer, Software developer at Linum Labs & Molecule Protocol

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