Graduation

When the raise is complete the curve closes and the coin moves into a Meteora DAMM v2 pool that adds its fees to its own reserves.

The pool it opens

The raise and the 200,000,000 tokens held back from the curve go into the pool together, at the curve’s last price. Meteora’s migration takes 0.2% of each side.

A SOL coin’s pool opens with: 84.83 SOL
Tokens in the pool: 199,600,000
Pool fee: 1.75%
Liquidity locked for good: 100%

Fees that stay in the pool

The pool runs DAMM v2’s compounding fee mode. Of every 1.75% fee, Meteora keeps 20%; the other 80%, 1.4% of volume, is added to the pool’s reserves instead of being paid out to a position.

Meteora 20%Added to the reserves 80%

Nacre takes nothing from a graduated pool, and neither does the creator.

Locked for good

All of the graduation liquidity sits in one permanently locked position. Nobody can withdraw it, so everything the pool compounds stays in the pool and its depth can only rise (depth).