How Trading Works on Spawn
Trading on Spawn is built around one design principle: execution quality shouldn't depend on how much gas you can afford or how fast your infrastructure is. Everyone trades in the same market, at the same speed, with the same information.
The Mechanics
Spawn's off-chain bonding curve engine handles trade execution. This is what makes the trading experience different from anything on-chain:
Trades execute instantly. Submit a buy or sell and it settles in real time - no block confirmations, no mempool, no waiting. The price you see when you submit is the price you get.
No gas required. Trading on Spawn is gasless. You don't pay transaction fees to buy or sell during the bonding curve phase. Gas only comes into play if you're depositing or withdrawing from the vault.
No approvals needed. You don't need to pre-approve token spending before you can trade. You connect, deposit funds, and you're immediately able to participate.
Price updates continuously. As buys and sells happen, the bonding curve price moves. Everyone watching sees the same live price. There's no stale state or quote lag during high-traffic periods.
What the Bonding Curve Means for Price
The bonding curve is the mechanism that sets price on Spawn. As more tokens are bought, the price increases along the curve - and as tokens are sold, the price decreases. This means:
- Early participants get lower prices and take on more risk
- Later participants pay more but enter a market with more established momentum
- Selling is always available - there's no lock-up during the bonding curve phase
Price discovery happens in public, in real time, without any actor having a structural advantage over another.
What You Won't Find Here
No MEV. No bundling. No queue-jumping through gas bids. These extraction vectors are structurally removed from Spawn's execution model - they're not against the rules, they're not possible. See Fairness as Architecture ->