Canonical V3 market / persistent venueLaunch → TGE → same pool
ExecutionCanonical V3 poolEvery market swap routes through the pool recorded at launch.
CustodyPosition lockedThe NFT cannot be withdrawn and liquidity cannot be decreased.
CheckpointTGE is irreversibleReaching the threshold records state without changing venue.
Permanent custody does not guarantee depth, price stability, or balanced inventory at every price.
Execution
Before signing, check:- token address and chain;
- exact input and expected output;
- minimum received;
- price impact and the
0.30%reviewed pool fee; - token allowance and network gas.
Liquidity
The launch position NFT is permanently locked. The locker can collect fees and compound its configured share, but it cannot withdraw the NFT or decrease the position’s liquidity. Permanent lock is a custody property. It does not prevent:- price impact;
- one-sided inventory as price moves;
- thin execution at a given price;
- losses from token price movement.