The token is created
A fixed-supply ERC-20, minted in full to the factory. There is no mint function to call afterwards, so the supply is settled in this block and never again.
One signature does all six steps. It is simulated against the node before anything is signed, so the numbers you approve are the numbers the chain produces.
The plan is simulated against the node first. Nothing is signed, nothing is spent, and every figure below comes back from the real call rather than from this page.
The token is created
A fixed-supply ERC-20, minted in full to the factory. There is no mint function to call afterwards, so the supply is settled in this block and never again.
A locker is created for it
A contract that will hold the liquidity position. You own it, so trading fees stay collectable, but it can only ever call the position manager.
The market opens
A Uniswap V3 pool at your fee tier, initialised at your starting price. Which token is token0 flips the arithmetic, so the site computes it from the predicted address rather than guessing.
Liquidity goes in one-sided
Tokens only, in a range sitting entirely on one side of the price, so no paired ether is needed. The factory reads the pool tick back and refuses if the range would contain it.
The position is minted to the locker
Straight there — the NFT is never owned by a wallet, not even momentarily. That is what makes a locked-liquidity check pass, and it is why no single signature can sell the position.
Ownership is renounced
Still inside the same transaction. The metadata URL freezes and the token is left with no privileged caller at all. You never held ownership, so you cannot be asked to give it up later.