How far to go.
The distance to 4.2 ETH. Where the token sits in relation to the conversion threshold.
BONDING CURVE / LIQUIDITY POOL
The threshold
is 4.2 ETH.
Two bodies of water.
One shallow line between them.
01 / THE BOUNDARY4.2 ETH
A small ridge.
A different body of water.
A sill is the shallow ridge on the sea floor that separates two deep basins. Water on one side is a different body of water from the water on the other.
Here, the sill sits at 4.2 ETH. Below it, a token trades on a bonding curve. At the threshold, that curve converts into a liquidity pool. The market changes its structure.
Bonding curve
4.2 ETH
Liquidity pool
02 / THE SURVEYAPPROACH TO THE LINE
What happens
at the edge?
Sill measures the approach to the boundary: depth, slope, and who is still buying as the curve nears the pool.
How the approach changes.
The shape of the approach. How buying pressure changes as the remaining distance narrows.
Who buys at the edge.
The buyers still entering near the boundary. Participation in the final stretch of the curve.
SILL / 4.2
The line is shallow.
The change is deep.
Research concept. This page describes the survey;
it does not display live market readings.