What happens when a launch graduates

At graduation the pool position is minted and transferred to a locker where it stays permanently. No one can withdraw it — not the creator, not the protocol. Any supply left over at graduation is locked in the same place.

This is worth stating precisely, because rug pulls almost always work by the creator removing liquidity. On a graduated pons token that is not a promise to behave. The function does not exist.

This catches people. Once readyToGraduate returns true, the curve is holding the reserves the pool is about to be built from, and it rejects sells — even though graduated may still read false.

Anything gating on graduated alone will offer sales that revert. The correct gate is readyToGraduate for the sell side and remaining sellable supply for the buy side.

Because the reserved share is fixed at creation, launches on identical settings graduate into pools of identical size at identical price. It makes no difference whether the curve was bought out by one large purchase or by hundreds of small ones — the destination is known in advance.

Graduation normally completes inside the buy that finishes the curve. When it cannot — usually a transaction near its gas limit — the launch sits in a swept phase until someone pushes it along. That call is permissionless and retryable: anyone can finish it, and it does not need the creator or the protocol.

A launch therefore cannot be stranded because the person who created it lost interest.