Features
No bonding curve
Pump’s original bonding curve mechanism was a genius way to bootstrap liquidity without requiring any LP funding from the deployer. At a certain threshold, the bonding curve would migrate over to Raydium and add real LP to a pool.
When you own the AMM, none of this is required.
Heaven uses a small amount of “virtual SOL” to set the floor for all launches.
Here’s how it works:
Each pool on Heaven moves algorithmically as though it was seeded with 35 SOL, even though each pool is free to launch.
No one can “sell into” the virtual SOL in the LP, as it marks the floor for every new launch.
This means that all pools have enough liquidity to begin trading, similar to as if they were trading on a standard bonding curve. The difference is that there is no need to “migrate” on to a different AMM. Pools start trading on Heaven’s AMM from day 1.
With this mechanism, creators can buy as much dev supply as they want (the $LIGHT TGE happened on these very rails). It also means that users can pay for dex immediately after launching.
There is still a “virtual migration” cap set at $100k, so that visualization tools like Axiom’s Pulse, Photon’s memescope, or even Heaven’s own ideas page can function in a way that people are familiar with. Ultimately though, all pairs are trading directly on Heaven’s AMM immediately.