# AMM

## Post-Graduation Trading

After a coin graduates from the bonding curve at **420 SOL market cap**, it transitions to a **Meteora DAMM V2 (Dynamic AMM) pool** for open market trading.

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## What Is Meteora DAMM V2?

Meteora's DAMM V2 is a **concentrated-liquidity constant-product AMM** built on Solana. It's one of the most advanced AMM protocols on the network.

### Key Features

| Feature                    | Description                                                               |
| -------------------------- | ------------------------------------------------------------------------- |
| **Concentrated Liquidity** | LPs can focus capital within specific price ranges for greater efficiency |
| **Dynamic Fees**           | Fees adjust based on market volatility - protects against manipulation    |
| **Anti-Sniper Controls**   | Fee scheduling discourages bots and snipers during early trading          |
| **Compounding Liquidity**  | A portion of fees is automatically compounded back into the pool          |
| **NFT-Backed Positions**   | Every LP position is represented by a unique NFT                          |

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## How It Benefits Your Coin

### For Holders

* **Deep liquidity** from Meteora's established infrastructure
* **Professional-grade AMM** with proven reliability
* **Dynamic fee protection** against volatile manipulation

### For Creators

* **Creator fees begin** once the coin is in the DAMM pool
* **Compounding liquidity** means the pool grows stronger over time
* **Anti-sniper mechanics** protect early post-graduation trading

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## Compounding Liquidity

One of the unique features of Anoncoin's Meteora integration is **compounding liquidity**:

* **0.22% of each trade** is automatically compounded back into the pool
* This continuously strengthens the coin's liquidity
* Deeper liquidity means less slippage for traders
* Benefits all holders by creating a more robust trading environment

> 📌 This compounding applies to coins launched **after March 21, 2026**. See [Fees](/platform-mechanics/fees.md) for the full breakdown.

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## Learn More

* [Meteora Documentation](https://docs.meteora.ag/) - Full Meteora DAMM V2 technical docs
* [Fees](/platform-mechanics/fees.md) - Complete fee structure breakdown

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Next → [Fees](/platform-mechanics/fees.md)


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