The velocity is because the flow is irrotational. Incompressible flow requires , hence the velocity potential satisfies Laplace's equation:
The exact kinematic boundary condition at the free surface is . With constant atmospheric pressure, the dynamic condition from Bernoulli's principle is , after choosing the time-dependent potential gauge. For small amplitudes, the products of perturbations are second order. Evaluating the remaining first-order terms at the undisturbed level gives
Substitution of into Laplace's equation gives . For , decay as selects . The two boundary conditions for yield
For a nonzero wave amplitude these are compatible precisely when
With the conventional and positive frequency, the dispersion relation is . The exponential decay is the infinite-depth boundary condition; retaining a growing exponential would violate it.

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