Launchpad
Graduation & migration to Uniswap V2
What happens when a bonding-curve token hits its funding target.
"Graduation" is the point where a bonding-curve token reaches its funding target on the Portal contract and migrates to a standard Uniswap V2 liquidity pool. After graduation, the token trades like any other Uniswap V2 pair — bonding-curve pricing no longer applies, and Trenches marks it with a Graduated badge at 100% progress.
You'll see graduation progress on both a token's own Launchpad page and its Trenches card, as a percentage toward the funding target.