Graduation

Graduation is the ~4.2 ETH progress milestone on Peeps launches. Instant Classic and Instant Tax already trade in a locked Uniswap pool from block one — graduation is mainly a status / stage update on that live pool. Bonding Classic and Bonding Tax trade on the Peeps curve first; at ~4.2 ETH the migrator seeds locked Uniswap V3 or V4 liquidity.

For traders, graduation is a stage change — not a trophy. Progress % on the token page and Discover cards is a meter toward that milestone. Graduated status does not mean the token is audited, legitimate, or likely to rise.

For creators, graduation keeps creator fee participation on eligible volume according to live terms (see Creator earnings and Fees). Classic keeps the 1% pool fee path with 70% creator / 30% protocol of LP fees; Tax keeps that LP line plus your buy/sell tax story.

Where you see it: token page progress and status, Discover tabs Graduating / Graduated, and Activity → Live feed → Graduations. Charts often switch to DexScreener after graduation. Locked LP reduces one failure mode — it is not a price floor.

Where to find graduation status

• Token page — progress meter and graduated status
• Discover → Graduating / Graduated tabs and Status filters
• Activity → Live feed → Graduations filter
• Charts may switch to DexScreener after graduation

What traders notice

• Progress reaches its target and the token marks as graduated on Discover and the token page
• Trading continues in the graduated pool through the same Buy / Sell panel pattern
• Charts may switch to a Dex-style view
• Fees follow the graduated pool schedule — for Classic V3, a 1% V3 pool fee with locked liquidity (see Fees)
• Activity and board filters may list the token under graduated views

What does not change

• You still sign every trade from your own wallet
• You still need ETH for gas on Robinhood Chain
• You still must verify the contract — graduation is not a safety audit
• Community chat can still be wrong, late, or promotional
• Price can still fall as well as rise; locked liquidity is not a price floor

Instant vs Bonding at graduation

Instant launches already have locked Uniswap liquidity at create — graduation updates progress / Discover status around the ~4.2 ETH milestone. Bonding launches migrate curve liquidity into Uni V3 (Classic curve) or Uni V4 (Tax curve) when that threshold fills. Fees stay on the disclosed Classic or Tax schedule either way — graduation is still not a safety audit.

Charts after graduation

When a Classic V3 token graduates, expect progress-oriented charts to give way to Dex-style views while the Buy / Sell panel stays familiar. Fees also shift to the graduated pool schedule (1% pool fee on Classic V3). Re-read the quote after graduation — the stage changed even if the button labels look the same.

• Same panel pattern, different market mechanics
• Classic V3 post-graduation: 1% V3 pool fee
• Graduation is not an audit or endorsement