Graduating a token in the context of LetsBonk refers to the process of moving your token from the "Bonk Earn" high-yield farming pool to the regular "Bonk" pool, which is more liquid and allows for direct selling or transferring.
Essentially, you're moving your tokens from a locked, earning state to an unlocked, tradeable state.
Here is a step-by-step guide on how to do it.
Prerequisites:
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A Solana wallet (like Phantom, Solflare, or Backpack) connected to the LetsBonk website.
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Your tokens must be in the Bonk Earn pool.
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Enough SOL in your wallet to pay for the transaction (gas) fees.
Step-by-Step Guide to Graduating Your Token
1. Go to the LetsBonk Website
Navigate to the official LetsBonk website: https://letsbonk.io
2. Connect Your Wallet
Click the "Connect Wallet" button and select your wallet provider. Approve the connection in your wallet pop-up.
3. Navigate to the "Bonk Earn" Section
On the main screen, you will see different pools. Find and select the "Bonk Earn" pool. This is where your tokens are currently staked and earning yield.
4. Initiate the "Graduate" Process
Inside the Bonk Earn pool interface, you will see information about your staked balance and your earned yield. Look for a button labeled "Graduate" and click it.
5. Confirm the Transaction
A pop-up from your wallet (e.g., Phantom) will appear, asking you to confirm the transaction. This transaction will:
* Claim any unclaimed yield you have earned.
* Move your entire staked balance from the "Bonk Earn" pool to the standard "Bonk" pool.
Carefully review the transaction details and the network fee (usually a very small amount of SOL). If everything looks correct, click "Approve" or "Confirm".
6. Wait for Confirmation
The Solana network will process your transaction. This usually takes only a few seconds. You will see a success message on the LetsBonk site and a notification from your wallet.
7. Check Your "Bonk" Balance
Once the transaction is confirmed, your tokens are no longer in the earning pool. Go back to the main LetsBonk dashboard. You will now see your token balance in the regular "Bonk" pool. These tokens are now liquid and can be sold or transferred.
What to Do After Graduating
Now that your tokens are in the main Bonk pool, you have several options:
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Sell for SOL: Click the "Sell" button in the Bonk pool to swap your tokens for SOL.
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Transfer: You can transfer your tokens to another wallet or a centralized exchange that supports the token.
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Re-stake: If you change your mind, you can always move them back into the "Bonk Earn" pool to start earning yield again (this would be the "Stake" or "Earn" action).
Key Points to Remember
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Graduating is Not Selling: Graduating does not sell your tokens. It only moves them from a locked pool to an unlocked pool. Selling is a separate action you take after graduating.
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Transaction Fees: You will pay a small SOL fee for the graduate transaction.
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No More Yield: Once you graduate, those tokens will stop earning the high APY from the Bonk Earn pool.
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Always use the official website: Be sure you are on the correct LetsBonk URL to avoid phishing scams.
By following these steps, you can successfully graduate your tokens and gain full control over them.
