Graduation is the moment a launchpad token's bonding curve fills and its liquidity moves into an open pool on a DEX, where anyone can trade it, add liquidity or read its depth. The curve stops being the market; an ordinary pool becomes it.
The handover is a set of transactions you can read. The curve closes, the proceeds and reserved supply are deposited as a pool position, and that position is then locked, burned or left with the deployer wallet. Which of the three happens is set by each launchpad's policy, not by graduating itself, so it is the part worth checking.
"No lock found" means we found none — not that none exists. Locksley does not yet index every locker.
A curve token's page shows progress toward graduation, then switches to pool metrics — depth, holders and lock or burn state — once it completes. Each pad's page under Launchpads states the graduation threshold and what happens to liquidity at that point.
Every Robinhood Chain launchpad, compared puts those policies in one table, and MintPlus vs the pump.fun model contrasts graduating into a pool with launching straight into one.
Frequently asked questions
Is graduation the same as a listing?
No. Graduation is an on-chain event: a curve fills, and liquidity is deposited into a DEX pool automatically by the launchpad contract. A listing is an off-chain decision by a venue or data site to display a token. A graduated token is tradable whether or not anything lists it, and listings can happen well before graduation.
“No lock found” means we found none, not that none exists: we do not index other lockers yet, and it is never a claim about the project.
MintPlus vs the pump.fun model
Locked-at-birth versus graduation-first: when the pool exists, who funds it, and what a buyer can verify on day one under each token launch model.
See it liveRobinhood Chain launchpads
The Robinhood Chain launchpad index: every pad Locksley tracks, listed alphabetically with live launches, fee schedules and graduation rules per page.
