Meteora Suggests Modifications to MET Token Distribution
Meteora, a well-known decentralized exchange operating on Solana, has introduced a pair of suggestions to tweak the distribution of its MET tokens. These alterations seek to render incentives more equitable for liquidity contributors, bolster fresh token debuts, and guarantee the team stays driven for the lengthy period.
The primary proposition centers around overhauling the LP incentive initiative. Initially, 10% of the MET supply was earmarked to incentivize liquidity contributors. Nevertheless, with the initiative now anticipated to function beyond its initial conclusion date of December 2024, Meteora intends to elevate this to 15%. This modification ensures that both initial and novel LPs are incentivized without cheapening the token.
Beneath the revised strategy, initial participants will obtain 2% of the MET, whereas all LPs will uniformly allocate 8%. This supersedes the original points multiplier arrangement. An additional 3% of MET will be designated to launch pools and launchpads, averting the weakening of incentives for retail LPs.
The subsequent proposition tackles the team’s distribution. Meteora anticipates designating 20% of the MET supply to its team, with a six-year vesting duration to foster enduring dedication. Of this, 2% will be dispersed to M3M3 token proprietors. M3M3 is Meteora’s stake-to-earn platform, permitting users to accrue fee incentives from permanently secured liquidity pools. Toncoin (TON) Value Forecast for March 26th
This action materializes following the M3M3 platform enduring mismanagement by its original architects, culminating in deficits for financiers. To assure impartiality, the distribution will be predicated on a pair of snapshots, and wallets linked with dubious activity will be omitted.
Meteora has undergone swift expansion in recent months. According to DeFiLlama, the platform’s trading volume has escalated by an astounding 33x, from $990 million in December 2024 to $33 billion in January 2025. Acknowledging this rapid expansion, Meteora now possesses a 9% market stake, positioning it fourth amidst DEXs by trading volume.
Notwithstanding the general decline in the decentralized exchange (DEX) arena, Meteora generated an admirable $195 million in monthly charges in February.
Nevertheless, Meteora is presently encountering judicial difficulties that might affect its prospective expansion. On March 13, the Burwick Legal Firm in New York initiated a collective legal proceeding opposing Meteora, the KIP Protocol, and Kelsier Ventures. The legal action asserts that they influenced solvency throughout the LIBRA token debut, deluding separate merchants and misdirecting backers.
