Meteora, a popular distributed exchange in Solana, has submitted two proposals to coordinate Met Token allocations.
According to a March 20th X post on Meteora, these changes aim to make liquidity providers more fair incentives, support new token launches, and ensure long-term incentives for the team. The first proposal proposes a revision of the LP stimulus plan.
Originally, 10% of Met Supply took to reward liquidity providers, but Meteora wants to increase this to 15% as the program is running longer than its end date in December 2024. This adjustment ensures that the initial and new LPS receive rewards without underestimating the token.
The first two suggestions are live at https://t.co/oetkwfh27w.
These proposals address important community concerns regarding the LP stimulus plan, M3M3, and more.
Please take a look at the community call and view @0xsoju & @0xmiir. Check out these suggestions live.
– Meteora (@meteoraag) March 20, 2025
Early contributors receive 2% of Met under the updated plan, but all LPS receive 8% equal. This has replaced the original point multiplier system. The 3% extra of the Met is sent to the firing and firing pads of the pool and firing pads to avoid reward dilutions for retail LPS.
The second proposal focuses on the team. Meteora plans to allocate 20% of Met Supply to its teams with a six-year vesting period to maintain its long-term commitment. Of these, 2% will be sent to the M3M3 token holder. The M3M3 is Meteora’s stake-to-earn platform, allowing users to earn fee rewards from a permanently locked liquidity pool.
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The move followed an M3M3 mismanagement by the original creator, leading to investors’ losses. To maintain fairness, the distribution is based on two snapshots, blocking wallets connected to suspicious activity.
Meteora has experienced rapid growth over the past few months. Defillama data shows that the platform’s trading volume has skyrocketed 33 times, from $990 million in December 2024 to $33 billion in January 2025.
Due to rapid growth, Meteora currently holds a market share of 9%, ranking fourth in DEX in terms of trading volume. The broader Dex market was sluggish, but Meteora raked over $195 million in its monthly fee in February.
Despite its achievements, Meteora is currently facing legal challenges that could affect its future. New York law firm Berwick Law filed a class action lawsuit on March 13 against Meteora, KIP Protocol and Kercia Ventures. According to the lawsuit, they misinterpreted investors by scamming retailers and manipulating liquidity during the release of Libra Tokens.
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