Protocol Docs · v0.1 draft

The USDCurve protocol.

USDCurve is a USDC-native fair-launch bonding curve launchpad building on Arc, Circle's stablecoin Layer-1. This page describes what we are shipping, how the mechanics work, and the current status of the network.

Mainnet launch — coming soon
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What USDCurve launches

Every USDCurve token is deployed against a deterministic bonding curve priced in USDC. Anyone can create a token; there is no allowlist, no presale, and no team allocation carve-out. The curve contract itself is the sole minter and market maker until migration.

Creators can start a curve with less than $1 USDC of real capital. The protocol assigns a virtual $4K market cap reference at deployment so the price ladder is uniform across every token — the number describes the curve, not a liquidity requirement.

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How the bonding curve works

Price is a pure function of circulating supply, written into an immutable contract. Buying mints new supply along the curve; selling burns supply back down. There is no admin key to pause trading, edit the curve, or reprice mid-launch.

Every buy and sell settles in native USDC. Launch price, slippage, and fees never drift with a volatile gas token because USDC is the settlement asset — not a wrapped proxy.

price(supply) = base · (1 + k · supply)
// base and k are constants, set at deploy and immutable
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Auto-migration to Arc DEX

When a curve fills its bonding threshold, migration to the Arc DEX is triggered on-chain in the same block — not by a multisig, not by the creator, not by a bot. The migration contract pulls the accumulated USDC and the matching token supply and seeds a liquidity pool at the final curve price.

LP tokens minted from the new pool are sent to 0x…dEaD in the same transaction. There is no unlock function, no timelock, no vesting. The floor price becomes verifiable and permanent.

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Fairness guarantees

There is no presale window and no allowlist. First-block trades execute at the same curve price as any later block, so snipers earn nothing extra for being first. A per-address early-block cap further flattens the opening minute.

Curve, migration, and fee contracts are open source and deployed at fixed addresses on Arc. Anyone can audit them before trading a single token.

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Fees

A small protocol fee (denominated in USDC) is taken on each buy and sell along the curve. Fees fund protocol operations and a portion is routed to a public treasury contract on Arc. Creators earn a share of trading fees on the tokens they deploy, streamed continuously in USDC.

Final fee splits will be published in the deployed contracts before mainnet.

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Roadmap

  • Protocol design & public docsLive
    You are reading it.
  • Testnet — internalIn progress
    Curve, migration, and burn contracts in review.
  • Public testnet on ArcSoon
    Open launches, faucet USDC, audit window.
  • Mainnet launchSoon
    Live token deployment on Arc L1. Coming soon.
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Status

USDCurve is not live on mainnet yet. Contract addresses and audit reports will be published on this page and linked from the homepage as soon as they are deployed. This document describes protocol mechanics; it is not a certification, audit report, or financial advice.

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