Graduation and migration

Each allowlisted pair has governance-reviewed phantom liquidity and a graduation threshold. When tracked quote reaches that threshold, the curve becomes ready and asks the factory to graduate.

Phase one validates the seed and moves only tracked reserves to factory escrow. Phase two creates and funds the v4 position. If an external v4 call fails, the completing trade still succeeds and graduation can be retried permissionlessly.

• The market receives a gold graduation mark.
• Trading moves from the curve to Uniswap v4.
• The live chart uses post-graduation pool trades while retaining historical context.
• The fee router and locker reward model continue unchanged.
• The creator cannot remove liquidity or alter launch settings.