The Hood
Blog
Plain explanations of how this actually works: bonding curves and graduation, parimutuel markets, and the on-chain checks worth running before you buy.
- 01latest
Where a trade fee actually goes
Two percent of every curve trade, split three ways between the creator, the people who promoted the launch, and the protocol. Here is each leg, who decides it, what a promoter can and cannot be promised, and how to read every number off the chain yourself.
- 02explainer
How parimutuel prediction markets work
There is no price and nothing to buy. You put money in a pot, and if you are right you take a share of the whole pot proportional to your share of the winning side — measured when the market settles, not when you staked.
- 03guide
Reading a token launch before you buy
Six checks you can run yourself on any launch, using nothing but a block explorer: supply and who can change it, who holds what, whether the liquidity can be pulled, whether you can sell, what the creator has done, and whether the address is even the right one.
- 04explainer
What a bonding curve actually is
Price rises with supply because a formula says so, not because anyone is buying. Here is the formula, why graduation is not a milestone but an arithmetic fact, and why a well-built curve opens its pool at the price it closed at.