🎓Graduation

Graduation is the milestone moment when a token leaves Khensu Fun's bonding curve and migrates to Dozer Finance—a full-featured decentralized exchange (DEX).

Token Lifecycle Overview

Every Khensu Fun token follows a fixed lifecycle:

1. Create — Publish a token with name, symbol, image, and optional socials

2. Trade — Buy and sell on the bonding curve (prices adjust algorithmically)

3. Compete — Eligible for King of the Hill visibility

4. Graduate — Automatic migration to Dozer Finance at the threshold below

What Is Graduation?

Graduation is the automatic transition of a successful token from:

From	To
Khensu Fun bonding curve	Dozer Finance liquidity pool
Algorithmic pricing	Standard AMM trading
Early-stage platform	Established DEX

Trigger Condition

A token graduates when it reaches 6,900,000 HTR market cap.

USD equivalents are approximate. They depend on the HTR/USD price.

This threshold ensures graduated tokens have:

• Proven community interest

• Sufficient liquidity for DEX trading

• Momentum for continued growth

What Happens During Graduation

Step 1: Trading Stops

Bonding curve trading on Khensu Fun halts immediately.

Step 2: Liquidity Migration

The smart contract:

• Deducts the 100,000 HTR graduation fee from the accumulated HTR from trades

• Transfers the remaining HTR from trades to the Dozer Finance liquidity pool

• Transfers the remaining token reserves to the Dozer Finance liquidity pool

Step 3: Pool Creation

A new liquidity pool is created on Dozer Finance with:

• The migrated HTR

• The migrated tokens

• Standard AMM pricing

Step 4: LP Token Lock

The Liquidity Provider (LP) tokens are permanently locked/burned, ensuring:

• Liquidity can never be removed

• No rug pull possible

• Sustainable trading environment

Graduation Fee

Item	Cost
Graduation fee	100,000 HTR

This fee is deducted from the liquidity pool during migration.

After Graduation

For Token Holders

• Your tokens remain yours

• Trading moves to Dozer Finance

• You can trade, add liquidity, or hold on Dozer

For the Project

• Access to Dozer's full DEX features

• Permanent, locked liquidity

• Broader trading ecosystem

For Traders

• Find graduated tokens on Dozer Finance

• Standard AMM trading (different from bonding curve)

• Can provide liquidity to earn fees

Identifying Graduated Tokens

On Khensu Fun:

• Graduated tokens are labeled with a "Graduated" status

• They no longer appear in King of the Hill competition

• Token pages show updated information

Flow Diagram

Token Trading on Bonding Curve
            ↓
Market cap reaches 6,900,000 HTR
            ↓
   Bonding curve trading stops
            ↓
   HTR + Tokens collected
   100,000 HTR fee deducted
            ↓
   Dozer Finance pool created
            ↓
   LP tokens permanently locked
            ↓
   Trading continues on Dozer ✓

FAQ

Can I still trade graduated tokens on Khensu?

No. All trading moves to Dozer Finance after graduation.

What if I'm mid-trade during graduation?

Pending transactions may fail. You'll receive your funds back.

Can graduation be reversed?

No. Once graduated, tokens remain on Dozer Finance permanently.

Who pays the graduation fee?

The fee comes from the accumulated liquidity, not from individual users.

Next Steps

• See Integrations

• Manage your Portfolio

• Explore the Bonding Curve mechanics