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

# FAQ

> Quick answers about the exchange, the launchpad, and the bridge

## Exchange

<AccordionGroup>
  <Accordion title="Why is there only one pool per pair?">
    There are no fee tiers: [one canonical pool per pair per type](/exchange/pools-and-fees#one-pool-per-pair-per-type), so liquidity never fragments across parallel versions of the same market.
  </Accordion>

  <Accordion title="Why did the swap fee change?">
    Fees are [dynamic](/exchange/plugins#dynamic-fees): they rise with measured price volatility and relax when the market calms, always within governance-set bounds. The pool's current fee is shown before you trade.
  </Accordion>

  <Accordion title="Can I create a pool?">
    For CL pools, yes — anyone can list any pair. CP pools are opened by launchpad graduations, and STABLE listings are permissioned because the amplified curve assumes its pair holds a peg. The reasoning per type is in [who can create pools](/exchange/pools-and-fees#who-can-create-pools).
  </Accordion>

  <Accordion title="Do my limit orders need a keeper or a bot?">
    No. Orders are [filled inside the very swap](/exchange/limit-orders) that crosses their price — by the time the order closes, that swap has already settled, so a fill cannot be undone.
  </Accordion>

  <Accordion title="Where do trading fees go?">
    Split between the pool's liquidity providers and the protocol — the protocol share is [capped by design at half the fee](/exchange/pools-and-fees#where-fees-go) and will feed the Earn layer.
  </Accordion>
</AccordionGroup>

## Earn

<AccordionGroup>
  <Accordion title="Where is the staking / x33 documentation?">
    The [Earn layer](/earn/overview) is not on testnet yet; its section is a stub until it ships.
  </Accordion>
</AccordionGroup>

## Bridge

<AccordionGroup>
  <Accordion title="How long does bridging take?">
    The transfer waits for Circle's attestation of the burn — minutes, depending on the source chain's finality. Chains with [fast transfer](/bridge/overview#fees-and-speed) clear against a lower finality threshold, and the app quotes the expected time before you send.
  </Accordion>

  <Accordion title="Why did I receive slightly less USDC than I sent?">
    Circle's fee is [deducted from the mint on the destination](/bridge/overview#fees-and-speed), not charged on top: you are debited exactly what you send, and the recipient receives the amount minus the fee.
  </Accordion>

  <Accordion title="Is the USDC I receive wrapped?">
    No — it is [canonical USDC](/bridge/overview#how-it-works), minted by Circle against its own attestation. Nothing is wrapped and no third-party validator set is involved.
  </Accordion>
</AccordionGroup>

## Launchpad

<AccordionGroup>
  <Accordion title="Why can't I transfer a token I bought on the launchpad?">
    Before graduation the token only moves between you and its bonding curve — the [transfer gate](/launch/how-it-works#the-transfer-gate) closes the pre-launch side-market, so there are no OTC deals and no early pools. It lifts permanently at graduation.
  </Accordion>

  <Accordion title="Is the graduated liquidity really locked?">
    Yes, in the strongest sense available: the [locker](/launch/graduation#what-locked-means) has no function that could withdraw the position. It is not a timelock that expires or a permission that could be granted — the capability does not exist in the contract.
  </Accordion>

  <Accordion title="Who decides when a launch graduates?">
    Nobody: once the curve completes, [anyone can trigger graduation](/launch/graduation#what-graduation-does), and the caller earns a reward for doing it.
  </Accordion>

  <Accordion title="Are tokens on the launchpad vetted?">
    No. The launchpad is permissionless, and tokens launched on it are community experiments — not reviewed, vetted, or endorsed by Lunya.
  </Accordion>
</AccordionGroup>

## Raise

<AccordionGroup>
  <Accordion title="Is Raise live?">
    Not yet. Raise — where projects run token sales in dollars, on terms they set themselves — is [in development](/raise/overview); participation details will be published there when it ships.
  </Accordion>
</AccordionGroup>

## Points

<AccordionGroup>
  <Accordion title="How do I earn points?">
    [One point per dollar](/points/overview) — swapped by you, traded by you on the launchpad, traded through liquidity you provide, or traded by anyone on tokens you launched. Counting has been on since the first block of the testnet deployment.
  </Accordion>

  <Accordion title="What are points worth?">
    Nothing has been announced about what points convert into. The programme [counts activity](/points/overview); it is not a promise of any future distribution.
  </Accordion>

  <Accordion title="Why did the weekly tally reset?">
    A week runs [Thursday 00:00 UTC to Thursday 00:00 UTC](/points/overview#weeks). Your all-time total keeps accumulating; the weekly view starts fresh each Thursday.
  </Accordion>
</AccordionGroup>