A few days ago, I wrote a short write-up on friend.tech and my thoughts on it initially. I went through the contract code in detail to understand what it actually does. And it is an Automated Market Maker in disguise
Read my detailed analysis here: https://bit.ly/3qL18xW
Friend tech implements fractionalized ownership of people through tradable keys.
A quadratic bonding curve algorithm prices keys based on supply. I played around with the custom pricing formula to see how steep the bonding curve is. It is quite steep. 
You could just exist on @x and earn huge chunks in trading fees. DM me on Twitter if you want access to the Excel file.
I’ve been playing around with it. Not buying any other keys. Just static. Please show some love ?? 
This custom pricing aligns incentives, benefiting early adopters with lower prices.
Their smart contract functions as an automated market maker, with the bonding curve creating natural price equilibrium driven by organic supply/demand dynamics.
However, concerns still loom about how the contract can be used to maliciously revert fees & withdrawals; seeing reliable investors back friend tech, in good faith, we can trust them.
To summarize:
- AMM with Bonding Curve
- Trustless Trading without Order Book
- Incentives and Economic Mechanisms
Read in detail here: https://bit.ly/3qL18xW
Thank you for reading, and follow me here and on for more regular post updates.
You can connect with me directly on friend.tech at 0xArhat.
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Thank you.
