PEPS Bonding Curve
P(E) = (10 + E)² / 10,000,000 · price in ETH per PERP
Leverage locked
—ETH / PERP
Curve Level0.0000 ETH / 1500 ETH
0 ETH▲ Leverage unlock (5 ETH)1500 ETH
Current level0.0000 ETH
Borrow cap.—
Price @50%0.057760 ETH
Bonding Curve
Price determined by P(E) = (10 + E)² / 10,000,000
📈
Current price
— ETH
Spot price from the bonding curve
⏱
TWAP (5 min)
— ETH
Used for liquidations
💧
Curve level
0.0000 ETH
Total ETH accumulated (max 1500)
🏦
Borrow cap.
— ETH
40% of bands already traversed
Price History
PEPS price evolution on the bonding curve
Peptide Oracle Index
$1,247.82+5.8%
How the curve works
UniperpHook implements a constant-product bonding curve. Price follows P(E) = (V + E)² / K, where V = 10 ETH (virtual ETH), E = ETH in the curve, and K = 10,000,000. As more ETH enters, the price rises quadratically.
Band System
The curve is divided into 300 bands of 5 ETH each (1500 ETH total). Each band starts with PERP and accumulates ETH as the level rises. Up to 40% of each band's ETH can be lent out for leveraged positions.
Leverage
🔒 Requires 5 ETH in curveLeverage: 2x – 5xOpen fee: 1% of borrowClose fee: 1% of profitLiquidation: health ≤ 105%