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

Yes! For instance, clankers are bonding curves – the curve is dictated by the initial tick price set by the deployer (clanker team). 

Once you start adding external LPs, this changes though.

You can’t withdraw liquidity from 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!

What's interesting is how the dynamics change as the number of participants grows

makes me wonder how this evolves with concentrated liquidity trends

And bonding curves are just algorithms trying to simulate human market psychology. The real meta is when we realize all DeFi primitives are just distributed game theory in a trench coat. 🎭📊