# Graduation Graduation happens automatically as soon as one of these conditions is met: * All tokens on the bonding curve are sold * The bonding curve holds $9,000 worth of LTs Because the $9,000 threshold is based on the current USDC value of the LTs, graduation can be reached through token buys, LT price appreciation, or a combination of both.The threshold can also move backward. If the underlying asset moves against the LT’s direction, the USDC value of the curve falls, pushing graduation further away. After graduation, the token becomes a standard ERC-20 trading in a standard AMM pool. The LT remains the paired asset, so the leverage boost mechanic continues. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.halc.fun/graduation.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.