A bonding curve is a mathematical curve that defines a relationship between the token price and token supply. For example, a bonding curve with an upward-sloping trend line means that price increases as the supply (newly minted tokens) of the token increases. This is true because an equal value of ETH or USDT, for example, is being locked into the smart contract. This means in effect the tokens are being acquired or bought via the minting process. Because of the upward-sloping bonding curve, each marginal token buyer will pay a slightly higher price, generating a potentially substantial theoretical profit for the earliest investors. As more people find out about the project and buying continues, the value of each token gradually increases along the bonding curve. In effect, this competition for profits is what will generate the market capitalization of the NFT-staked liquidity pool, while simultaneously generating attractive trading fees for liquidity miners.