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

# Supported DEXs

> Protocols, market types, graduation support, and launchpad coverage for LaserSell swap routing.

## Supported Protocols

LaserSell routes swaps through multiple Solana DEX protocols. The `market_type` field in `MarketContextMsg` identifies which protocol is being used for a given token.

| `market_type`       | Protocol          | Type            | Description                                    |
| ------------------- | ----------------- | --------------- | ---------------------------------------------- |
| `pump_fun`          | Pump.fun          | Bonding curve   | Original Pump.fun bonding curve.               |
| `pump_swap`         | PumpSwap          | AMM             | Graduated Pump.fun tokens on the PumpSwap AMM. |
| `meteora_dbc`       | Meteora DBC       | Dynamic bonding | Meteora dynamic bonding curve pools.           |
| `meteora_damm_v2`   | Meteora DAMM V2   | AMM             | Meteora dynamic AMM V2 pools.                  |
| `raydium_launchpad` | Raydium Launchpad | Bonding curve   | Raydium launchpad bonding curve tokens.        |
| `raydium_cpmm`      | Raydium CPMM      | AMM             | Raydium constant product market maker pools.   |

## Bonding Curves vs AMM Pools

**Bonding curve** protocols (`pump_fun`, `meteora_dbc`, `raydium_launchpad`) use a mathematical curve to determine price. Tokens on bonding curves may later **graduate** to a full AMM pool.

**AMM** protocols (`pump_swap`, `meteora_damm_v2`, `raydium_cpmm`) use constant product or dynamic liquidity pools. These offer deeper liquidity and standard swap mechanics.

## Graduation

Some tokens launch on a bonding curve and later "graduate" to an AMM when certain conditions are met (usually a market cap threshold). LaserSell detects graduation events and can automatically sell on graduation if `sell_on_graduation: true` is set in your strategy.

| Source Curve        | Graduates To      |
| ------------------- | ----------------- |
| `pump_fun`          | `pump_swap`       |
| `meteora_dbc`       | `meteora_damm_v2` |
| `raydium_launchpad` | `raydium_cpmm`    |

When graduation occurs, the Exit Intelligence Stream updates the `market_context` and continues tracking seamlessly.

## Launchpad Coverage

LaserSell monitors all major Solana token launchpads:

* **Pump.fun**: The most popular memecoin launchpad. Tokens start on a bonding curve and graduate to PumpSwap.
* **Meteora**: Dynamic bonding curves that graduate to DAMM V2 pools.
* **Raydium Launchpad**: Raydium's native launchpad with graduation to CPMM pools.

New protocols are added as they gain adoption on Solana. The `market_type` enum will expand accordingly.

## Using Market Context

The `market_context` is included in `position_opened` and `exit_signal_with_tx` events. You can also pass it in a `BuildSellTxRequest` to skip server side resolution:

```json theme={null}
{
  "market_type": "pump_swap",
  "pumpswap": {
    "pool": "PoolAddress..."
  }
}
```

See [Market Context](/api/reference/market-context) for the full nested schema per protocol.