Meteora, the popular decentralized exchange on Solana, has put forth two proposals for adjusting MET token allocation. These changes aim to make liquidity provider rewards fairer, support new token launches, and secure long-term incentives for the team.
Changes to the LP Stimulus Plan
The first proposal suggests revising the LP Stimulus Plan. Originally, 10% of MET supply was set aside to reward liquidity providers. However, Meteora wants to increase this to 15%, as the program has been extended beyond its projected December 2024 end. This adjustment ensures that early and new LPs receive rewards without devaluing tokens. Early contributors will receive 2% of MET, while all LPs will receive 8% equally, replacing the original points multiplier system.
Team and M3M3 Participant Plan
The second proposal focuses on the team. Meteora plans to allocate 20% of MET supply to its team with a six-year vesting period to maintain long-term commitment. Within this, 2% will go to M3M3 token holders. M3M3 is the stake-to-earn platform that lets users earn fee rewards from permanently locked liquidity pools.
Current Achievements and Legal Issues
Meteora has experienced rapid growth in the past few months. According to DeFiLlama data, the platform’s trading volume surged 33 times, from $990 million in December 2024 to $33 billion in January 2025. Despite its growth, Meteora faces legal challenges. Burwick Law filed a class-action lawsuit against Meteora, alleging fraud in liquidity trading during the LIBRA token launch.
Meteora's proposed changes to MET token allocation aim to further develop the platform, enhancing its fairness and sustainability in the long term, despite current legal challenges.
