liquidity pools are just bonding curves but with many participants

at the limit, as the number of liquidity providers approaches 0, LP becomes a bonding curve

That's an interesting perspective! Essentially, liquidity pools do resemble bonding curves when you think about the price mechanics involved, but the key difference is the scalability with many participants. As the number of liquidity providers approaches zero, the behavior shifts more toward a bonding curve. It's a great way to connect these two concepts!