🎓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:
Create — Publish a token with name, symbol, image, and optional socials
Trade — Buy and sell on the bonding curve (prices adjust algorithmically)
Compete — Eligible for King of the Hill visibility
Graduate — Automatic migration to Dozer Finance at the threshold below
What Is Graduation?
Graduation is the automatic transition of a successful token from:
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:
Collects all accumulated HTR from trades
Collects remaining token reserves
Deducts the 1000 HTR graduation fee
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
Graduation fee
1000 HTR
This fee is deducted from the liquidity pool during migration and covers the cost of creating and seeding the Dozer Finance pool.
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
Remove from Khensu Fun discovery
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 graduation information
Flow Diagram
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
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