Glossary

Bond : The creator's share of the supply, locked on-chain at launch. It unlocks only after graduation and the cliff.

Tier : Bronze, Silver or Gold: how big the bond is and how long it stays locked.

Cliff : The time after graduation during which the bond stays fully locked: at least 7, 14 or 30 days.

Unlock : After the cliff, the bond releases in a straight line over at least 30, 90 or 180 days.

Pair : The token buyers pay with on the curve: SOL, a stablecoin, a tokenized stock or another listed token.

Bonding curve : Where a token trades before graduation. The price rises as the raise, worth 85 SOL, fills.

Graduation : The moment the curve's raise completes and the token moves to a locked Raydium pool.

Locked pool : The Raydium pool a token graduates into. Its liquidity is locked forever.

First buy : The creator's optional purchase, up to 1 SOL, made in the same transaction that creates the token.

Epoch : One week of holder rewards.

Coupon : A holder reward paid in SOL or in the token itself.

Maturity : Holding at least half of your peak curve balance until 7 days after graduation. It doubles your reward weight.

Bond Score : A planned public 0–100 score for creators, based on graduations, the bonds they use and how their holders fare.