Trading on Candle
Candle presents one trading interface across Solana and Hood, but the execution venue depends on the token’s network and lifecycle.
Before graduation
Section titled “Before graduation”Candle-launched tokens trade against their selected base pair on a bonding curve.
- A Solana curve may use SOL, USDC, or CNDL.
- A Hood curve may use ETH or USDG.
- An Exclusive curve checks the Believer NFT gate.
- Quotes include slippage protection and the curve trading fee.
The trade that crosses the remaining raise behaves differently per chain: a Hood curve caps the trade at graduation and refunds the unused amount, while a Solana curve fills the entire submitted amount and completes. See Bonding curves and graduation.
After graduation
Section titled “After graduation”- Solana: liquidity migrates to Meteora DAMM v2 and trading routes through supported Solana liquidity, including Jupiter where available.
- Hood v3: liquidity migrates to the token’s Uniswap v3 pool.
- Hood v4: liquidity migrates to the token’s Uniswap v4 PoolKey.
There may be a short interval between graduation and migration. During that interval, the curve no longer accepts buys or sells. See Hood lifecycle and recovery and Solana lifecycle and migration for each chain’s exact state model.
Cross-chain trading
Section titled “Cross-chain trading”Candle can quote supported cross-chain routes through Relay. Depending on the destination and market phase, a route may be atomic or may deliver the destination asset before asking for a second user-signed swap.
Always review:
- Origin and destination network
- Asset being spent
- Minimum output
- Estimated bridge time
- Network, liquidity-provider, and application fees
- Refund address
Do not close the application while a two-step route is waiting for its destination transaction unless the interface confirms that the trade can be resumed.