Today's JUP launch kicks off the start of MET.
MET Points
We launch our points tracking system where LPs will earn points towards the 10% LP Stimulus Proposal (yet to be voted). We are launching with a ton of stacked incentives and bonuses, so hope you have fun discovering
If you are a WEN boi who just can't wait. And you don't like doing smart things like using
@JupiterExchange
's DCA or LO. You like to try something new. You like risk. You laugh on your way to zero.
You could try acquiring WEN by loading up single sided on these DLMM pools
Immortalizing WEN Culture
I’m delighted today to introduce WEN, which I shall unveil over 5 parts:
1. The Poem
2. The NFT
3. The NFT Standard
4. The First Culture Token In Crypto
5. The First LFG Launchpad Project
It’s a doozy, so let us walk through it how it all unfolded
Incredible to see Solana already supporting 100k $EURC trades with low slippage thanks to
@JupiterExchange
routing,
@orca_so
's Whirlpools,
@MeteoraAG
's DLMM, and
@KeyrockTrading
's all-star trading team.
This is some ecosystem.
This could be one of the biggest collabs to happen on Solana.
Kamino composing Meteora and Meteora composing Kamino is going to unlock a lot of value with all the new flywheels it will bring to Solana.
Just you wait.
WTF is the DLMM...in pictures.
[Click into post or it makes no sense]
This is the WHALE Move.
The SLIDE for those who skate volatility.
The COASTER. Good for gliding.
Nobody understands WTF this is. But somebody is printing.
Study these images carefully. Unlock the power
We've just finalized the details for our LP Stimulus plan below.
The community has worked tirelessly to create what I think is one of the strongest incentive plans for LPs on Solana.
I want to thank everyone for their contributions. I've been so
Our second commemorative 1/1 NFT from the
@WoofersNFT
is custom made for
@hellochow
from
@JupiterExchange
! They are our partner and strong supporters of the $WOOF community.
Please show them some love - We thank you for being a part of our community.
AUUUU
#WOOFers
Think I should breakdown how big this is.
* The most hyped token launch on Solana to date will have the majority of initial circulating supply on Solana. You will have to be in Solana or come to Solana to participate, especially in size.
* Instead of a traditional IDO, it
Meteora is extending it's industry-leading DLMM to power
@JupiterExchange
's JUP launch and create a new way for SPL tokens to launch and bootstrap liquidity.
Here's a few things we've been working on for this new use case:
Single-Sided Liquidity Curve
Projects can bootstrap
🔁 Introducing Solana swaps
You can now trade tokens on the
@Solana
network without ever leaving Coinbase Wallet. Get low fees and near-instant swaps powered by
@JupiterExchange
.
Watching trading and fees accumulate in real-time is addicting.
Dynamic fees and precise liquidity concentration are a powerful combo. AMM game is about to level up on Solana.
I blink and
@JupiterExchange
hits $30B! Thank you everyone for supporting us. This is an incredible milestone and am really glad to have you a part of this awesome journey.
Super cool to see how the DLMM is impacting lives.
We're starting a bootcamp soon to train new cadets for the LP Army. It's free, and successful cadets will pick up life changing DeFi skills. You ready?
Over a year ago
@MeteoraAG
set out to build the most sustainable liquidity pools for AMMs.
Take a look at these pools below. They are all stable liquidity with no rewards, just pure sustainable yield from lending, trading, and staking.
This is not hype. Solana DeFi is pure🔥
Token incentives as a % of the total supply to be given out in February:
Orca: 0.025%
Raydium: 0.1%
Meteora: 1% 👀
This is massive.
And it all starts with the JUP launch.
Are you prepared?
LFG Launchpad will be powered by something so novel in crypto, yet timeless: Love & Fundamentals
With this, no matter what happens, it will only get better and better over time.
But best of all, we're going to bring the fun back to launch pads one zero-slippage bin at a time.
Jupiter LFG Launchpad Beta!
Delighted to share our very beta LFG Launchpad, the first and only system whose goal is to infuse projects with love 💕 from a genuine Jupiter DAO and community, sets them up with long term success and protects their buyers from hype, fomo and rugs.
Hey folks!
@0xMert_
,
@buffalu__
, and myself will be doing a spaces on Growing Solana's TVL tomorrow at 3:30p EST
We'll talk about the run up to the JTO launch and any learnings others might be able to use to grow TVL.
Join us tomorrow!
👉
We designed this stimulus package to grow TVL on Solana, if you’re an LP or DeFi expert, we have a lot to offer. Let’s talk. Would love to discuss growing TVL together.
1/ Announcing The Massive Meteora Stimulus Package
1. DLMM - Dynamic Fees & Precise Liquidity
2. Expert DAO - The best brains of DeFi
3. 10% Stimulus - Starting 1st Jan 24
Combining product, community & incentives, we aim to massively supercharge Solana TVL growth in 2024
Since the launch of our points system,
@MeteoraAG
has grown to ~$170M TVL and ~$100M in daily volumes becoming a major liquidity provider across important pairs. It's a testament to how well the community designed our points system.
For our community call tomorrow, i'm thinking
Thank you everyone for yesterday's community call. The goal for these calls is to massively grow Solana's TVL together and I thought we had another productive call with thoughtful discussion on our Stimulus Proposals.
We also formalized as part of our call:
Community
DEX Screener's integration with our DLMM will add powerful new tools to help track
@JupiterExchange
's LFG token launches.
Super grateful
@dexscreener
and the degens who support
@Meteora
and can't wait for historical prices and our other pool types.
WEN WEN WEN
@MeteoraAG
... WEN is Now!
Starting today, we've integrated all of Meteora's DLMM pools so you'll be able to fully track the $WEN launch tomorrow and $JUP next week.
👉 Check it out:
Yesterday, we had our first LP army office hours. Will be sharing a big update on
@MeteoraAG
soon, but, the thing i'm most excited to see is our community sharing their LP learnings together.
Here are a few things
@GeekLad
share in our call.
Birdeye Volume Profile Visible
@JupiterExchange
token launch in LESS than two weeks
The biggest liquidity event in Solana history launching on
@MeteoraAG
's Dynamic Liquidity Market Maker
But what the fuck is a DLMM?
Don't worry, I got you.
Here's what you need to know to be a smart cat and not exit
I'm so pumped for today. Here's why.
1. Will be discussing a new Memecoin Volume Stimulus Proposal in the
@MeteoraAG
Community call happening in 1 hr.
2. Will be discussing Drift, it's journey, and TGE with
@cindyleowtt
in two hours. I promise there will be alpha.
In two hours, will be starting our community call. Will be a bit of a change. Here’s a loose agenda:
- Discuss some topics that have come up in the community. E.g. what to do with token rugs that freeze tokens in our pools
- share a few designs on upcoming features.
- LP
This will either be an unstoppable disruption or crypto dies.
I don't see how any payment business can hold out against near-zero fees.
@Solana
can easily give up fees for blockchain adoption and utilization and allow value capture to happen elsewhere in their ecosystem.
Accept Crypto Payments in your Shopify Store
With
#SolanaPay
, you can now seamlessly enable USDC payments in your Shopify store. Say goodbye to hefty credit card transaction fees and hello to a speedier, more global payment system in your storefront today.💡
#Shopify
#Solana
Hey all! our weekly community call starts in an hour. I was thinking we’d cover these topics:
1. State of Meteora since JUP/points launch
2. Roadmap for the month
3. The DEX fee war we face
hey LP army, have a pretty action packed agenda for our community call in an hour:
- Share the new 2% DAO Proposal
- A few updates on LP boot camp
- showcase
@Pland__
's super cool contributions to the community
- Dynamic Vault update to address lending.
Hey LP Army, here's the topics we'll discuss for our Community Call happening in ~7 hours.
* Memecoin Volume Stimulus Proposal:
*
@Shyft_to
has indexed Meteora and will give a demo
* Meteora's new Alpha Vaults for
@UpRockCom
Hey LP army! For our community call in an hour, want to cover a few big topics:
- share next steps on our 2% DAO experts proposal.
- state of MET and upcoming product updates
- discuss a few topics the community has brought up, like balancing safety vs permission-less
NFT fractionalization meets dynamic liquidity.
There will be some cool things to explore with this use case and the
@OvolsNFT
team are incredible collaborators. 💪💪💪
We're excited to be partnering with
@MeteoraAG
to provide new LP options using Ovols' tokenization standard.
Meteora is powering the $JUP launch to showcase its dynamic liquidity systems and will be rewarding LPs on its 10% LP Stimulus Plan.
Let's keep moving forward together.
Hey everyone, for tomorrow's call we have a few important topics to finalize.
*
@Chri_SOL
has proposed a different multiplier system to improve the fairness and better alignment of incentives for everyone. It's absolutely worth reading and a testament to how incredible our
Later today, I'll be an hosting an impromptu spaces to share some DLMM alpha for those looking to get the most out of it.
Its going to get nerdy, so don't come unless you watch spreadsheets like reality shows.
At Meteora, we ❤️ liquidity providers!
DLMM (Dynamic Liquidity Market Maker) was built with the primary aim of helping LPs on
@solana
earn a lot more fees by maximizing the use of their capital.
Read why DLMM is a massive fee machine for LPs:
🧵
hey LP army, here's the agenda for our community call later.
*
@DropBeastXyz
will share a demo on optimizing your liquidity and earning points towards our LP Stimulus Plan.
* We'll discuss a roadmap to decentralize Meteora and how to form the MET DAO prior to TGE
* Updates
New token use cases are coming to Solana. They will need new liquidity primitives.
I'll be revealing
@MeteoraAG
's new Dynamic Liquidity Market Maker (DLMM) on the
@SuperTeamDAO
Ecosystem Call.
Attendees also receive access to our DLMM private alpha🔥
👉
For our MET community call this week, I'm thinking of kicking off discussions on the best way to structure our 2% DAO and 10% LP proposals that our DAO will be voting on.
Here's a few questions I'm thinking of.
1. How do we allocate the 2% to DAO contributors?
2. How is MET
Thanks everyone for today's community call. We discussed a few important topics for our LP Stimulus Proposal.
Overall, I think we've come together on what might be one of the most balanced LP incentives around. And, one that I believe is almost ready for a vote next month.
Thank you everyone for the great turnout and good discussion for today's community call.
Here's a few of the takeaways:
* 1000 pts per $1 in fees might not be enough and we're going to look into increasing this for the JUP launch.
* Points multipliers for early LPs will
We've got a few big topics to cover for our upcoming community call.
- State of Met for March
- Vision for Meteora DAO and community
- LP Army updates
- Discussion with
@streamflow_fi
on Locked LP token proposal from
@bsktfi
Let me know if there are
hey folks, our community call is coming up in about 20 minutes. Here's a rough agenda:
- LP army update: now
#2
DEX on Jup
- The rise bot volumes
- DLMM strategies
- Community proposals
- Update on timings
Just want to take a moment to thank everyone for helping us get here. The team put in a lot of work over a long period of time without which none of this would have been possible. And, I'm incredibly grateful for our community, partners, and investors who've continued to
1/ Announcing The Massive Meteora Stimulus Package
1. DLMM - Dynamic Fees & Precise Liquidity
2. Expert DAO - The best brains of DeFi
3. 10% Stimulus - Starting 1st Jan 24
Combining product, community & incentives, we aim to massively supercharge Solana TVL growth in 2024
"It's clear now, we go into the bear pit" 🤣
Solana vibes are the best vibes.
This is the best time to dream big and build big in one of the best builder ecosystems out there.
1/ It's time to fight the bear and launch the next big crypto project.
Welcome to GRIZZLYTHON 🔥
🌍 An online, global Solana hackathon
🏁 Running Feb. 2 - March 14
🏆 $5 million in prizes and seed funding up for grabs
Register and start building now:
I think the genius of
@Lightspeedpodhq
is how they gather great people for real talk on timely topics.
Big fan of
@0xMert_
and
@GarrettHarper_
and how quickly they've grown this incredible podcast.
Thanks for having me! Was a fun discussion with some of my fave DeFi brains.
The Solana 2.0 narrative is building. Institutions, crypto-native projects and builders are here.
Has
@solana
hit an inflection point?
New Solana DeFi episode just dropped where we discuss this and more!
Spotify:
YouTube:
Our LP army is rocking! Right after a community call on using competing liquidity distributions to look for good LP opportunities, kagren from
@ZippyStake
releases a tool to compare liquidity concentration.
Check it out!
Want a video on how to use this?
If you're hunting alpha, there's is some big brain discussions going on about how best to structure Meteora's 10% LP Stimulus Proposal.
Some sharp points by
@durdenwannabe
@PigFahy
@Richard_ISC
@0xSoju
and many others
🔥Liquidity providers looking for an alternative way to acquire JUP when the launch begins can consider opening a single-sided DLMM position on Meteora in advance!
Read our guide:
IDK if people realize but the Meteora Plan is the culmination of a year-long effort of building something valuable for the ecosystem as well as fixing the tokenomics for investors/holders.
It's thankless grinding work.
And I'm proud of this team because of that.
1/ Announcing The Meteora Plan: Our comprehensive technology and token plan with the singular goal of building a long-term, sustainable, and composable yield layer for Solana.
Why is this important?
@JupiterExchange
's LFG allows holders to capture value on the trading demand at launch. Could be a new meta where LP fees > price speculation.
And, no better time to learn w/ all these incentives.
I just hope i can keep up with Kash's hosting skills.
So many points programs. So many token incentives.
Want to make the most of it?
@MeteoraAG
is the cheat code.
I'm going to do a deep dive with Meteora co-founder
@hellochow
on Friday to explain how to leverage the DLMM effectively
Link 👇
Our
@MeteoraAG
townhall is starting up. Here's a few topics we'll be covering.
- Upcoming product updates
- New Priorities
- Discussion on Safety
- Edge
At 2021-08-19 12:40 GMT, an attacker attempted to exploit the Solend smart contract.
The attempt to steal funds was detected and stopped by the Solend team in time such that no funds were stolen.
Hey LP army, we're going to cover a few topics for this week's call, so get ready.
1. New anti-sniper vault details for UpRock's LFG launch
2.
@HawksightCo
's Meteora integration
3. Memecoin Volume Incentives.
When the community is this good, do you even need a governance token?
Taking some inspo from
@JupiterExchange
's terminal, I'd love to see an open source streamflow token-lock plugin. I think there'd be great alignment on that.
We're in awe at the level of community governance before we've even formed our DAO 😍
@bsktfi
, an awesome community member put out a proposal for directly locking LP tokens on Meteora and now
@lui1of1
from
@streamflow_fi
has offered to help.
What do you
Imagine this type of DAO solely focused on driving TVL on Solana.
We have strong teams on Solana but need even stronger DAOs. And, while TVL is not the best metric, Solana still needs deep/wide liquidity to become a major trading hub.
This is what we're aiming for Meteora.
Low risk fair launch DAOs
Who runs the DAO:
* delegate tokens to pick the quorum
* quorum needs 2/3+ to pass anything
* no more than 1/4th of the quorum can change per epoch
* quorum gets 1-5% emissions to do a good job
* quorum members are branded and are professional. They
This is going to change everything with NFTs.
Also, I just love saying Soul Abstraction. It has that Mortal Kombat fatality feeling which makes talking about features fun.
1/ New Years got me under the weather, but, we're gonna keep our weekly community call tomorrow.
Here's the topics I think we'll cover:
- Initial stab on points multipliers for LP Stimulus Proposals
- Discuss distributing a % from the DAO stimulus to the community itself.
-
Hey folks! I just posted details on how we'll score points for our 10% LP stimulus. We'll make this the main focus for for tomorrow's community call.
While this is the culmination of much community discussion, would appreciate any feedback on what we might be missing.
More liquidity is going to be needed to support the growing trading demand.
@MeteoraAG
's forming a purpose-driven DAO to grow Solana TVL with all-new tech and a new token.
Jupiter is unlocking more trade volume and thus more sustainable fee-based APY because routing thru DEXes like Aldrin provide the best price trades.
So users get more tokens and LPs earn more APY! That’s the kind of value we aim to bring to
@solana
!
Why are our staking rewards high? You are receiving a high percentage of the trading fees as a reward and our trading volume on
@JupiterExchange
is in the top consistently. Put your passive income on fire.
Who else is having this much fun LPing?
The Double Dip Shark Wave 🦈
This looks like a belief that the current price is relatively stable but with a hedge on a possible dump.
How do you all read this strategy?
@MeteoraAG
I call this the double dip Shark wave.
- We make money in bearish PA
- If dump we still here fam
- Slight Impermeant loss hedge
- if Price goes up, we flip
- This is what I leave on a monitor and glance
These
@JupiterExchange
stats by
@andrewhong5297
are incredible!
You can now see which DEXes capture the most volume per trading pair.
@PhoenixTrade
has mostly focused its volume growth on SOL-USDC and is now neck-and-neck with
@orca_so
Whirlpools.
👉
If you're wondering what's behind
@solana
's incredible momentum.
It's the super talented people building on top each other.
@armaniferrante
(Anchor) ->
@redacted_j
(Metaplex) ->
@AuroryProject
Grateful to be building alongside these rockstars!
1/
Yesterday we launched
@JupiterExchange
and the feedback was overwhelming.
Thanks to you we uncovered a few issues.
These are the kind of teething issues we were hoping to learn from our launch and we’re really grateful for everyone’s support and patience
Congrats to
@cindyleowtt
@crispheaney
@davijlu
and the rest of the Drift team on TGE. I have so much respect for this team and all they've accomplished.
Been fun working w/
@hxrobtc
on this simple idea that idle capital anywhere should earn yield in DeFi.
By integrating
@MeteoraAG
LP tokens, any of the growing number of dapps on
@HxroNetwork
can now earn yield on their stable assets.
And the cherry on top is that this activity
Hxro is pleased to announce it will be collaborating with
@MeteoraAG
, Solana's most dynamic liquidity protocol, to bring Meteora’s stable liquidity assets to Hxro Network’s trading and risk infrastructure💥
This collaboration will enable Meteora Stable LP tokens to be easily
There is ~$10B of capital sitting idle as staked SOL in Solana. Unlocking that capital so it can be used in DeFi will require more LST adoption.
This is one step towards growing adoption. More coming soon.
1/ Announcing Jupiter v3, which includes Metis, a new groundbreaking routing algorithm that improves price discovery for all trades, vastly improves slippage for large trades and elegantly scales for future Solana upgrades and DEXs.
wtf, I really thought there'd be a lot of shit talking, but it turns out that memecoin founders are wise, articulate, and have been grinding for years on solana. 🤯
Was so hyped to do
@MeteoraAG
's first DLMM reveal on the
@SuperteamDAO
Ecosystem Call.
@kashdhanda
& co have the most entertaining crypto talk show I've ever seen. Attending one is a Solana power-up.
Also, their chat is 🔥
1/2
We’ve had lots of good debate on incentives over the holidays. Thanks
@durdenwannabe
for driving this.
Since this is so core to our goals, let’s dig into exactly how we incentivize liquidity on Meteora in our community call today.
2.5 months ago a couple of good friends convinced me to join a crypto project on this new chain called
@solana
In that time, we launched Solana's first multi-token pool, the first on-chain cross-protocol aggregator, and grown to over $114M TVL to be the 5th largest on Solana.
Have you had a chance to try out our new shiny swapper yet?
Join us on The Zeitgeist podcast where
@hellochow
from
@JupiterExchange
reveals why Phantom, Solana dapps, hedge funds, and new developers are all choosing to build on Jupiter.
🎧 Listen here: