In the fast-paced world of Solana DeFi, Meteora is making waves again. Just last week, Kash Dhanda hinted at a potential airdrop of $MET—the upcoming token for Meteora—to stakers on Jupiter Exchange. Now, Soju, co-lead at Meteora, has stepped up with a concrete proposal to make it happen, while directly addressing some hot-button issues like token dilution.

For those new to the scene, Meteora is a dynamic liquidity management protocol on Solana, helping users optimize their liquidity pools. Jupiter Exchange, on the other hand, is a popular DEX aggregator that routes trades for the best rates. Staking $JUP (Jupiter's token) often comes with perks, and this airdrop could be a big one.

The core of Soju's proposal? Distribute 3% of the $MET tokens straight from the TGE reserve to $JUP stakers. TGE stands for Token Generation Event, basically the launch moment when the token supply is set. By pulling from the reserve, it aims to avoid inflating the circulating supply right away, which could dilute the token's value—a common gripe in crypto communities.

You can check out the full draft proposal on Meteora's forum here. Soju emphasizes that this move not only rewards Jupiter stakers but also strengthens ties between the two projects, potentially growing the overall ecosystem pie.

The announcement didn't go without sparking debate in the replies. Some community members, like @moludotsol, are all in, saying, "I’m happy with whatever the team is happy with. Let you guys cook. 3% doesn’t seem like an overkill but solid enough airdrop to make stakers happy." Others pushed for more, with @RANOA25 suggesting, "Why not make 5% like $jup give 5% too." There were critics too—@Punk_Monke argued that Meteora owes it to their community, pointing out that staking $JUP shouldn't overshadow two years of LP activity on Meteora.

Concerns about market share and legacy issues popped up as well. @gorynicheth noted, "Everyday you are losing the market," while Soju responded by highlighting the need to push past legacy overhang and expectations in one go with this TGE.

On the flip side, supporters like @lochiejarvis201 chimed in positively: "JUP stakers will be happy with This 🙌🏽." Predictions flew around too, with @absolute_web3 forecasting a $MET market cap of 1B and hoping for eligibility cutoffs to prevent gaming the system.

This proposal highlights a key trend in DeFi: cross-project collaborations through airdrops to bootstrap liquidity and user engagement. For meme token enthusiasts, while $MET isn't a pure meme play, its community-driven launch and potential volatility could mirror meme coin dynamics, especially on Solana where hype drives prices.

As Meteora gears up for $MET's launch, this airdrop could be a game-changer for Jupiter stakers and the broader Solana ecosystem. Keep an eye on the forum for updates—community feedback might shape the final version. If you're staking $JUP, this might just be the boost your portfolio needs.