Pool and graduation
Every coin trades in its own Uniswap V4 pool from the first trade, with the bonding curve built into it.
One pool from the start
A launch creates the coin's pool on Elysium's official Uniswap V4, paired with native HYPE, and puts the whole supply into it. Terminals, aggregators and the Uniswap app see the coin from its first trade, and nothing ever migrates.
| Part | Tokens | Where it sits |
|---|---|---|
| Curve | 800M | From the launch price up to the graduation price |
| Tail | 200M | From the graduation price up, so trading carries on in the same pool |
| Total | 1B | Fixed. No mint, no owner |
The curve
A constant-product position over a price range is a bonding curve: buying all 800M raises the price 16x and takes about 100 HYPE.
| Fully diluted value at launch | about 31 HYPE |
| Market cap at graduation | about 500 HYPE |
| Price rise across the curve | 16x |
Trading
- Buy and sell on the coin's page, in any app that routes through Uniswap V4, or on a terminal.
- Every swap pays a 1% fee in HYPE, either way. See Fee split.
Graduation
Graduation is the price first rising past the top of the curve. It happens once and changes one thing: the creator side of the fee goes from 30% to 50%. The coin keeps trading in the same pool.
Locked liquidity
Both positions are owned by the launch hook, a contract with no owner and no way to remove liquidity. Nobody can add liquidity to a coin's pool through the hook except the launch itself.