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Graduation
USD target hit, curve closes, LP locks in Uniswap V4.
Graduation is the moment a launch stops trading on its curve and becomes a normal Uniswap V4 pool. It happens when the curve has collected enough native (USD target → ETH snapshot) or when sellable supply is exhausted.
- Allowed USD range: $5,000–$15,000. Default: $15,000.
- At create, an ETH/USD oracle snapshots the target into an ETH threshold. That threshold is what the curve watches.
- Production path: liquidity migrates to a Uniswap V4 full-range pool (native ETH + token, no hooks). The position NFT goes to LiquidityLocker.
- After migration, the bonding curve closes. Trading continues on Uniswap V4 with ETH. Post-graduation USDG is not enabled for V4 tokens.
Because the LP share is fixed at create (200M tokens), every launch on the same settings graduates into a pool of predictable size. Creators do not choose how much liquidity to provide at migration time.
If migration fails, the token can sit in a graduation-pending state. Protocol owners can retry graduation on-chain. Traders should treat pending graduation as a pause between curve and DEX liquidity, not as a timing guarantee.
Local / offline development may use a SimpleDEX graduation adapter. Production on Robinhood Chain uses Uniswap V4.