zecretGraduation
When the curve is full, the coin moves to a Meteora pool with its liquidity locked forever.
Once a coin's curve has raised its target, Meteora moves it to a regular trading pool (DAMM v2). The ZEC raised and a fixed share of the supply become that pool's liquidity, and all of it is locked permanently. Nobody, including Zecret and the creator, can pull it.
After graduation the coin trades on Meteora and through Jupiter like any other Solana token.
The creator keeps earning
The graduated pool also charges 1% per trade. The locked liquidity is split 75% to the creator and 25% to Zecret, and locked liquidity still earns its share of those fees. Zecret's keeper claims the creator's part and sends it to them in ZEC, the same way as before graduation, so creators keep earning about 0.6% of every trade for as long as the coin trades.