What is actually the most interesting about the pETH bonding curve is this curve carries the same properties over all sizes of TVL This means that once the curve has a a couple of hundred million in TVL it actually becomes one of the most liquid and least volatile ETH liquidity venues During market stress it will have far more depth and likely less volatility than LSTs that rely on the backlog of the exit queue and onchain liquidity pools This actually makes pETH extremely stable collateral with an extremely liquid market for large orders to be facilitated both ways with very little price impact Now at billions in TVL this becomes an enormous ship sailing through the ocean during rough seas hardly moving at all