Questions
Short answers, each linked to the page that explains it in full.
Answers
Can anyone take the liquidity out of a graduated pool?
No. All of a pool’s graduation liquidity is in one permanently locked position, so it stays in the pool, and so does everything the pool compounds after.
Who earns the trading fees after graduation?
The pool itself. Of each 1.75% fee Meteora keeps 20%, and the other 80% is added to the pool’s reserves. Nacre and the creator take nothing from it (fees).
Why does depth only go up?
Depth is the square root of the pool’s reserves multiplied together. Trades don’t change that product, the fees the pool keeps raise it, and the lock means nothing can take liquidity out (depth).
When does a coin graduate?
When its raise is complete: 85 SOL for a SOL coin, or the stock amount listed on stock pairs. The curve then closes and the coin opens in its Meteora DAMM v2 pool.
Do creators earn a fee?
No. A creator’s advantage is the first buy: it is made in the creating transaction, before anyone else can trade, at the 1.75% base fee.
Why is the fee so high in the first seconds?
The 25% opening fee, falling to 1.75% over 5 seconds, makes buying in the opening blocks expensive for bots (the curve).
Can I launch a stock-priced coin holding only SOL?
Yes. Pay the first buy with SOL and it is swapped into the stock through Jupiter first; the same works for buying any stock-priced coin. There are 20 stocks to choose from.
Why does every mint end in deep?
Each coin’s mint key is ground ahead of time to end in deep, so you can tell a Nacre coin from its address.
What happens to Nacre’s share of the curve fees?
It goes to the $NACRE buyback: the engine claims it, buys $NACRE on its own pool and burns what it bought ($NACRE).
Which wallets work?
Any Wallet Standard wallet: Phantom, Solflare, Backpack and the rest (wallets and signing).