Documentation Index
Fetch the complete documentation index at: https://docs.raydium.io/llms.txt
Use this file to discover all available pages before exploring further.
What LaunchLab tokens are
LaunchLab tokens are issued on a bonding curve: a smart-contract-managed price curve where price rises as more tokens are bought and falls when tokens are sold. The curve operates until a graduation threshold (typically 85 SOL, though creators may set a different amount) is reached, at which point the token automatically migrates to a Raydium CPMM or AMM v4 pool and becomes freely tradable through normal DEX routing. Before graduation, you can only buy and sell against the curve itself. After graduation, the token trades on Raydium like any other pool.Before you buy
Do your own research
- Verify the token’s mint address matches the one announced by the project in question — scammers routinely create identically-named tokens.
- Check whether the mint authority has been revoked. If it hasn’t, the creator could mint new supply and dilute your position. Wallets such as Solflare and explorers such as Solscan display this status.
- Review the bonding curve progress: how many tokens have been sold, how many are left, and the current price. This is visible on the token’s LaunchLab page.
- Inspect the creator address’s history if possible.
Understand the curve mechanics
Prices on the bonding curve are not fixed. Every buy moves the price up; every sell moves it down. A large buy immediately before yours can significantly raise the price you pay (front-running / sandwich risk). Use slippage limits (see below).Step-by-step: buying via the UI
- Navigate to raydium.io/launchlab and find the token you want to buy.
- Click the token page to open its detail view.
- Connect your wallet if you haven’t already.
- Enter the amount of SOL (or the quote token) you want to spend.
- Review the estimated tokens received and the price impact shown in the UI.
- Adjust your slippage tolerance if needed (see below).
- Click Buy and approve the transaction in your wallet.
- After the transaction confirms, the tokens will appear in your wallet.
Slippage
Slippage tolerance is the maximum price difference you are willing to accept between the quoted price and the executed price. The LaunchLab UI allows you to set this before confirming your transaction.After graduation
When the curve’s graduation threshold is reached (by any trader), the token migrates to a Raydium AMM pool automatically. At that point:- The bonding curve is closed; no further buys or sells go through it.
- Your tokens remain in your wallet untouched.
- You can now trade the token on Raydium’s Swap page or any aggregator that indexes Raydium pools.
- Pool migration can take a few minutes to appear in aggregator UIs.
Risks
| Risk | Description |
|---|---|
| Liquidity-control risk | LP handling depends on platform and launch settings. Check whether LP is burned, locked, assigned to the creator, or assigned to the platform. |
| No graduation | If the curve never reaches its threshold, trading remains limited to the curve only. You can still sell back to the curve, but at a potentially lower price than you paid. |
| Price volatility | Bonding curves are inherently speculative. Price can drop to near zero. |
| Fake tokens | Scammers create look-alike tokens. Verify the mint address independently. |
| Smart-contract risk | No on-chain program is risk-free. Only use funds you are prepared to put at risk. |
Pointers
- LaunchLab overview — how the bonding curve and graduation mechanics work in detail.
- LaunchLab overview for users — product-level flow and safety basics.
- Creating a LaunchLab token — the creator’s perspective.
- How creator fees work — understand what fees you pay and where they go.
- LaunchLab platforms — how platform settings can affect launch behavior.
- Trust and safety — general guidelines for safe DeFi usage.