Market Expiry

Each tier has a market window (expiryDays). If the curve does not Ignite before that deadline, the launch can expire. After a grace period the creator bond is forfeitable.

An open curve that never fills would otherwise sit forever. Expiry closes new buys, lets holders exit through the curve, and forfeits the unused creator bond.

CREATE
  ↓
BONDING
  ↓
┌──────────────┐
↓              ↓
IGNITION      EXPIRY
↓              ↓
DEX MARKET    SELL ONLY

• Window length is the selected tier’s expiryDays.
• Grace after the deadline is 7d (protocol default).
• Expired launches enter sell-only mode. New buys are disabled, but holders may sell back through the bonding curve.
• The creator bond is refundable only after successful Ignition. On expiry it is forfeited to the Fee Vault safety reserve.

Sell-only is not a full book. Selling back into a dying curve can be expensive. A deadline manager can extend a registered curve’s window (increase-only); that can change the date you expected to expire.

The terminal shows remaining window and SELL ONLY when buys are closed. If you hold an expiring market, the only protocol exit is a curve sell.