# Market Lab v0.1.85 (/changelog/v0.1.85)



## Bonding Markets on Elysium [#bonding-markets-on-elysium]

Give your ERC-20 token a buy-and-sell market without supplying a second asset. Commit an existing token allocation; buyers pay native HYPE, building the reserve that backs sell-backs.

### What's Included [#whats-included]

* Create, discover and inspect linear bonding markets with `mlab curve`.
* Quote buys and sells, then prepare unsigned transactions for your wallet. No WHYPE is needed.
* Run automatic fee updates with `mlab curve run`, using price movement and the market's fixed fee bounds. Creating a market does not start the fee job.
* Claim creator fees earned from buys and sells without withdrawing the HYPE backing sell-backs.

Available on Elysium testnet, chain `99801`. Markets use existing token inventory, not minting. Automatic graduation into a liquidity pool is not included.

See [Bonding Markets](/bonding) for setup and commands, or [Elysium](/providers-execution/elysium) to compare bonding markets with public pools.