Graduation
What happens when a coin completes its curve, and when AMM trading becomes available.
Graduation moves a coin from its launch curve to an AMM market. Reaching the curve target starts that transition; it does not by itself confirm that the new market is ready to trade.
Read the lifecycle
| Stage | Meaning |
|---|---|
| Ignition | The coin is in its curve trading phase |
| Near escape | The curve is approaching its configured graduation conditions |
| Graduating | Curve trading has stopped and the handover is in progress |
| In orbit | The next venue has been activated and published for the coin |
What triggers graduation
The curve must reach the net CC reserve target and exhaust its sale inventory under that pool's economics. Fees are outside the active reserve, so gross trading volume is not the graduation amount.
Targets are configured for the market. Check the coin's published progress and terms. A rounded percentage or an old documentation example cannot establish that graduation has completed.
At the final fill, the market leaves its open curve state. Curve buys and sells stop, and existing curve quotes can no longer be used. A failed or delayed handover does not reopen the old curve automatically.
What moves to the AMM
The seed combines real CC accumulated by the curve with the tokens reserved for the AMM. Virtual reserve offsets do not move: they are parameters of the previous pricing rule, not funded assets.
The design matches the terminal curve price ratio to the opening AMM reserve ratio. Matching that ratio does not guarantee identical liquidity depth or an identical executable quote. Fees, trade size and the AMM's current reserves still matter.
What stays the same
The coin keeps its Instrument ID and market identity. You do not need to treat the graduated coin as a new asset simply because the pricing venue changed. Its page continues to show available market history and the published venue.
While the handover is pending
Wait for the lifecycle and venue to update, then request a fresh quote. A displayed pool record or a 100% progress bar alone is not evidence that the trade route is active. The app's supported action and the authoritative quote determine whether you can trade.
There is no guaranteed graduation time or guaranteed liquidity beyond the market's confirmed state.