If you missed the latest Meteora community call, don't worry—I've got you covered with all the key highlights. Meteora, a popular liquidity marketplace on Solana, is making waves in the DeFi space by enhancing liquidity provision and rewarding its community. This thread from Lochie (@lochiejarvis201) breaks down the updates, from new features to the much-anticipated $MET token launch. Let's unpack it step by step.
Zap Out Feature Now Live
One of the biggest announcements is the rollout of the Zap Out feature on Meteora's Edge platform. This tool lets you close your liquidity positions instantly and swap directly to your preferred token. It routes through Jupiter Exchange or the pool itself, automatically picking the best option. Plus, any fees you earn can be auto-claimed into the token you want. It's a game-changer for liquidity providers (LPs) looking for quicker exits without the hassle.
$25K LP Army Bounty for $HUMA Pools
Meteora's LP Army is getting a boost with a new $25,000 USDC bounty program. Any DLMM (Dynamic Liquidity Market Maker) pool involving $HUMA paired with SOL or USDC qualifies for Season 2 points. On top of that, participants share in the bounty over four weeks. This incentivizes more liquidity for tokens like $HUMA, which benefits the ecosystem while rewarding LPs with extra $MET fees. It's a win-win for building deeper markets on Solana.
Season 2 $MET Points and Season 1 Wrap-Up
The points system for $MET is evolving. Meteora is reworking the closing price snapshot to stop any gaming of the system. Notably, DAMM v1 and total value locked (TVL) no longer earn points—the focus is shifting to active Meteora LPs. For Season 1, appeals are closed, and cluster checks are verifying any missed wallets. Final points will drop on August 28, locked in with no changes after that. If you're farming points, make sure your positions are optimized for the new rules.
Contributor Form Updates
Meteora has finished marking and grading contributor forms. Allocations will be revealed during the $MET TGE checker phase. Keep an eye out for highlight tweets spotlighting top contributors in the coming days. This recognizes the community's efforts in building the protocol.
Insights on $MET Token Generation Event (TGE)
The elephant in the room: When is the $MET TGE? There's a 2% allocation set aside for long-term LPs, with details to be announced. Total points rankings will be published post-evaluation, and a $MET checker tool is on the horizon. Token utility is geared toward accelerating Meteora's growth, with a full breakdown coming later. As for the date, there's over a 50% chance it happens this year—stay tuned and patient!
Other LP Updates and Features
Meteora isn't stopping there. Jupiter Shield is now active, adding new token filters for safer liquidity provision—it gives you better insights into tokens before diving in. Zap Out is getting upgrades to fix copy-trading issues, and more LP-friendly features are in the pipeline. These enhancements make Meteora a top choice for DeFi enthusiasts on Solana.
In summary, Meteora is firing on all cylinders with user-focused updates that boost liquidity, reward participation, and gear up for the $MET launch. If you're into Solana DeFi or meme tokens with real utility, join the Meteora LP Army and start earning those points. What do you think—will $MET TGE before year-end? Drop your thoughts below!