> For the complete documentation index, see [llms.txt](https://degen-games-2.gitbook.io/degen-games-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://degen-games-2.gitbook.io/degen-games-docs/how-the-game-works/graduation.md).

# Graduation

Fill the curve, seed the pool, burn the LP. Automatic, permissionless, and the same for every coin.

**Graduate to DEX.** Graduation is the moment a coin leaves its bonding curve and becomes a normal Uniswap v4 token. It happens when the curve has sold everything it's allowed to sell, which is the same moment it has raised its target.

## When it triggers

| Raise asset      | Graduates at                                                                                        |
| ---------------- | --------------------------------------------------------------------------------------------------- |
| ETH              | ≈ 4.2 ETH raised                                                                                    |
| USDG             | 11,100 USDG raised                                                                                  |
| Tokenized stocks | A fixed amount per stock. See [Raise Assets](/degen-games-docs/how-the-game-works/raise-assets.md). |

The target is fixed when the coin launches. The **Road to Graduation** bar on every coin shows how close it is.

## What happens, step by step

{% stepper %}
{% step %}

### The curve fills

The buy that takes the curve to 100% is filled up to the edge. If it was bigger than what was left, the extra is **refunded in the same transaction**, so nobody can block the final buy by sneaking a small one in first.
{% endstep %}

{% step %}

### The curve closes

The curve stops trading and hands over everything it raised, plus the tokens it held back for the pool.
{% endstep %}

{% step %}

### The pool is seeded

A Uniswap v4 pool is created and seeded with a **full-range position** at the curve's final price. The coin opens on the DEX at exactly the price it left the curve.
{% endstep %}

{% step %}

### The LP is burned

The liquidity position is sent straight to the burn address `0x000000000000000000000000000000000000dEaD`. Any held-back tokens not needed to seed the pool at that price are burned too: about **8% of supply**, gone the moment the coin graduates.
{% endstep %}
{% endstepper %}

All of this normally happens **automatically, inside the buy that fills the curve**. No creator action, no migration step, no waiting.

## The graduation pool (ETH coin)

|                             | Value                                                |
| --------------------------- | ---------------------------------------------------- |
| ETH in the pool             | ≈ 4.2 ETH, everything the curve raised               |
| Tokens in the pool          | ≈ 204.1M                                             |
| Tokens burned at graduation | ≈ 81.6M (≈ 8.2% of supply)                           |
| Opening price               | ≈ 0.0000000206 ETH, the curve's final price          |
| Pool fee (Uniswap LP fee)   | **0%**. The hook charges the 1% trading fee instead. |
| LP position                 | Burned to `0x…dEaD`                                  |

After the burn, about **918.4M** tokens remain. Every coin that graduates is deflationary from its first block on the DEX.

For a USDG coin the same shape means about **$11.1K** raised to graduate, and a fully diluted value of about **$54K** when the curve fills.

## Why every coin graduates the same way

The share of supply held back for the pool is fixed at launch. So every coin with the same settings graduates into a pool of the **same size, at the same price**, whether one whale filled the curve or a thousand players did. There's no moment where a creator decides how much liquidity to add, and no chance to add less than promised.

## If the automatic step stalls

Graduation runs inside the final buy. If that transaction runs low on gas, the curve still closes but the pool may not be created yet. The coin then shows **Awaiting graduation**.

**Anyone can finish it.** There's a button on the coin's page. It costs only gas, and it can be retried until it succeeds. It doesn't need the creator or Degen Games. No coin can be stranded because someone lost interest.

## The safety valve

If a coin somehow stays stuck between the curve closing and the pool being created for **7 full days**, usually because something changed with its raise asset, the protocol can recover the funds the curve collected instead of leaving them stranded. The coin is then permanently marked **Rescued** on-chain, so everyone can see it.

The 7-day wait means this can never be used to interfere with a graduation that was going to work.

## After graduation

* The coin trades in its Uniswap v4 pool, in the app or on any v4-aware DEX or aggregator.
* The same **1% trading fee** applies, split the same way, plus any creator tax.
* The coin appears in the **Trophy Room**.
* The liquidity can never be withdrawn by anyone. See [Burned Liquidity](/degen-games-docs/how-the-game-works/burned-liquidity.md).

{% hint style="warning" %}
Graduating only means the curve sold out. It isn't a quality signal, and it doesn't guarantee future liquidity, price or an exit.
{% endhint %}


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