> ## Documentation Index
> Fetch the complete documentation index at: https://docs.kek.pro/llms.txt
> Use this file to discover all available pages before exploring further.

> ## Agent Instructions
> Treat Solana and Robinhood Chain as separate protocol paths.
> Write for people using the KEK.PRO app.
> Treat displayed fees, limits, and availability as environment-specific unless labeled as protocol constants.

# Trading and liquidity

> Trade the canonical V3 pool and read what permanent liquidity does—and does not—mean.

Robinhood Chain trading routes through the launch token's canonical Uniswap V3
pool. TGE does not change the venue.

<figure className="kek-figure kek-figure--robinhood" data-mark="LOCKED" aria-labelledby="v3-liquidity-title">
  <div className="kek-figure__header">
    <span id="v3-liquidity-title">Canonical V3 market / persistent venue</span>
    <small>Launch → TGE → same pool</small>
  </div>

  <div className="kek-figure__body">
    <div className="kek-figure__grid">
      <div className="kek-figure__cell kek-figure__cell--accent"><span>Execution</span><strong>Canonical V3 pool</strong><small>Every market swap routes through the pool recorded at launch.</small></div>
      <div className="kek-figure__cell"><span>Custody</span><strong>Position locked</strong><small>The NFT cannot be withdrawn and liquidity cannot be decreased.</small></div>
      <div className="kek-figure__cell"><span>Checkpoint</span><strong>TGE is irreversible</strong><small>Reaching the threshold records state without changing venue.</small></div>
    </div>
  </div>

  <figcaption className="kek-figure__caption">Permanent custody does not guarantee depth, price stability, or balanced inventory at every price.</figcaption>
</figure>

## 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.

Token sells require an ERC-20 approval before the swap. The approval is
separate from the trade.

## 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.

## TGE

TGE records that paired principal reached the configured threshold. That
checkpoint remains true even if live principal later falls below the target.

TGE does not move liquidity or create a second market.