Graduation
A full curve moves into a Raydium pool with its LP burned, and the same screen keeps trading it.
A buy that fills the raise target flips the curve to Migrate; it can fill partially at the cap. Raydium's graduation crank then moves it into a CPMM pool on the 0.25% tier. The pool opens at the curve's last marginal price, so the price carries straight through.
- The 206,900,000 tokens left off the curve seed the pool with the raised pair.
- The LP is burned: no one can withdraw the liquidity, and its fees stay in the pool.
- The creator is the pool's creator of record and earns its creator fee.
- The Token screen shows graduated and its panel trades the pool; Portfolio keeps your position and PnL from the curve.