Graduation

When a coin’s curve fills, it graduates into a Raydium CPMM pool, and its floor keeps growing there.

1. The last buy fills the curve. LaunchLab marks the pool as waiting for migration; redeeming stays open.
2. Raydium’s migration crank opens a CPMM pool at the curve’s final price on the tier with a 0.2% trade fee and a 1.9% creator fee (DDjMX8BNVQjprycffhhPFgWaL1SVx6nB8wBVrkcPaskt). All of the liquidity is locked in one Fee Key sent to the treasury wallet, and the coin’s own address is the pool’s creator.
3. graduate(coin), open to anyone, records the pool and the Fee Key on the coin. From then on the coin’s stream is the pool’s 1.9% creator fee, split as on the curve, and the treasury wallet collects the Fee Key’s fees.