Meteora

Meteora is a dynamic liquidity protocol on Solana that offers innovative AMM products designed to maximize returns for liquidity providers. The protocol has gained significant attention for its Dynamic Liquidity Market Maker (DLMM) pools and has become a major liquidity venue for Solana token launches. Meteora's DLMM pools allow liquidity providers to concentrate their capital in specific price bins, similar to concentrated liquidity but with a unique bin-based architecture. LPs can choose from various distribution strategies — uniform, curve, or bid-ask — depending on market conditions and their risk preference. This flexibility enables more precise liquidity provision than traditional AMMs. The protocol has become particularly popular for new token launches, with many projects choosing Meteora as their initial liquidity venue. The platform's launch pool features provide structured liquidity for new tokens, and its Alpha Vault product offers early access to new launches for qualifying participants. Meteora also operates dynamic vaults that automatically allocate capital across multiple lending protocols to optimize yield. These vaults shift capital between platforms like Marginfi, Solend, and others based on real-time rate comparisons, providing a passive yield optimization strategy. The MET token provides governance rights and protocol fee sharing for holders.