D.01How it works
PAGE06/10SLUGmigrationGraduation → DAMM v2
When a token's curve reaches 400 SOL of market cap, its pool enters the migration stage. The Meteora program empties the DBC pool, creates a fresh DAMM v2 AMM pool with the same token pair, and mints two locked-position NFTs.
Permanent lock
The LP positions are permanently locked. The principal can never be withdrawn — but the swap fees on those positions keep flowing forever. Locked LP is the strongest commitment-to-liquidity signal on Solana.
Position NFTs
Each locked LP is represented by an NFT. The creator's NFT lands in their wallet at migration time; ours sits in the protocol treasury. claimPositionFee on the DAMM v2 program is how each holder withdraws their share of the AMM fees.