> ## Documentation Index
> Fetch the complete documentation index at: https://docs.sisera.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Meteora Dynamic Bonding Curves (DBC)

> Programmable, stock-aware bonding curves quoted natively in SOL, USDC, or tokenized equities with DAMM v2 graduation.

Sisera integrates the **Meteora Dynamic Bonding Curve (DBC) SDK** (`@meteora-ag/dynamic-bonding-curve-sdk`) directly into the Launch Studio (`/launch` and `/v1/launches/dbc/*`), enabling creators to form programmable, stock-aware liquidity curves on Solana.

***

## Native Stock-Paired Quoting

Unlike standard launchpads restricted to SOL, Sisera allows a Meteora DBC market to be quoted in:

* **SOL** (`So11111111111111111111111111111111111111112`)
* **USDC** (`EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v`)
* **Any Tokenized Equity (xStock) or PreStocks Mint** — pricing the newly launched agent or asset natively in shares of `NVDAx`, `AAPLx`, `TSLAx`, or pre-IPO tokens.

***

## The Three Institutional Curve Presets (`DBC_PRESETS`)

Sisera provides three specialized bonding curve configurations (`GET /v1/launches/dbc/presets`) designed around whether the asset has an external reference value or an agent treasury:

| Preset Key | Graduation Multiple | Anti-Sniper Fee Decay | Creator Fee Share | Locked Vesting | Migrated DAMM v2 Fee |
| - | - | - | - | - | - |
| `reference_anchored` | **4×** starting FDV | `500 bps` ➔ `100 bps` (Exponential, 30m / 30 periods) | `50%` | `0%` | `30 bps` + Dynamic |
| `price_discovery` | **25×** starting FDV | `300 bps` ➔ `100 bps` (Linear, 60m / 20 periods) | `50%` | `0%` | `100 bps` + Dynamic |
| `agent_treasury` | **10×** starting FDV | `400 bps` ➔ `100 bps` (Exponential, 40m / 24 periods) | `75%` | **10% of supply** (vests over 180 days post-graduation) | `30 bps` + Dynamic |

<Tabs>
  <Tab title="Reference-Anchored (4×)">
    Designed for tokens meant to track a stock, index, or known external reference value. Features a tight **4× graduation curve** and an aggressive exponential anti-sniper fee (`5%` decaying to `1%` over 30 minutes) so sniper bots cannot extract early dislocation value.
  </Tab>

  <Tab title="Open Price Discovery (25×)">
    Designed for novel assets without a fixed external reference mark. Uses a wider **25× graduation multiple** and a smooth 60-minute linear fee schedule (`3%` to `1%`).
  </Tab>

  <Tab title="Agent Treasury (10× + Vesting)">
    Designed specifically for autonomous trading agents. Locks **10% of total supply** for the agent's treasury, vesting linearly over **180 days after graduation**, and routes **75% of trading fees** to fund the agent's ongoing compute and capital operations.
  </Tab>
</Tabs>

***

## Preview, Simulation & Non-Custodial Launch Workflow

<Steps>
  <Step title="1. Preview Curve & Price Ladder (POST /v1/launches/dbc/preview)">
    Computes the exact starting price, graduation market cap threshold, 10-step price ladder across curve fill percentages, fee schedule timeline, and locked vesting schedule before touching the chain.
  </Step>

  <Step title="2. Build & RPC-Simulate Transactions (POST /v1/launches/dbc/prepare)">
    Constructs both the **Pool Config** transaction and the **Pool Creation (+ Optional First Buy)** transaction, co-signs with the fresh ephemeral mint/config keypairs, and **simulates both transactions against Solana RPC** to verify zero instruction errors.
  </Step>

  <Step title="3. Creator Wallet Signing & Submission (POST /v1/launches/:id/submit)">
    The creator signs in their wallet. Sisera verifies that the signed transaction instructions match the prepared bytes before broadcasting to Solana mainnet.
  </Step>

  <Step title="4. Live Graduation & DAMM v2 Monitoring (GET /v1/launches/:id/monitor)">
    After launch, Sisera continuously tracks curve fill percentage, quote reserve accumulation, graduation into **Meteora DAMM v2**, price relative to the paired stock, and accrued creator fees.
  </Step>
</Steps>


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