Meteora Community Call Recap — 17 April 2024

4 min readMay 15, 2024

At the Meteora Dubai Hacker House presentation, we shared how Meteora has become one of the core liquidity infrastructure on Solana.

Recent Meteora Stats (as of 17 April)

$19B Total Volume
$250M-460M 24Hr Volume
$200M TVL
162K LPs All-time

LP Army Boot Camp

The LP Army Boot Camp is the single best way to get alpha on how to become a profitable LP, get personalized support on your learning journey, and join the LP Army. The goal is to build the best community for LPs in crypto in the long run. And in the short run, to help more people learn how to provide liquidity better and earn more fees, so we can create more successful LPs.

We have completed 2 rounds of boot camps (as of 17 April), with over 400 signups and 1.4K-2.3K viewers per Twitter session.

Tasks for Boot Camp trainees to graduate and level up!

To graduate, trainees had to attend the boot camp for at least ~1 hour, add liquidity and have a positive P&L according to their copy of the DLMM P&L sheet. Trainees get to pick any initial pair they want (except stables) which will test their ability to find pool opportunities.

Once they start LPing with whatever initial starting tokens they use, at the end of the session, they must maintain that starting amount of tokens + have extra. They then had to submit a task form and DM a screenshot of their P&L to one of the instructors on discord.

Successful trainees that graduate will be promoted from the Boot Camp Trainee role to the “LP Army Private” role on discord.

We’d like to express our sincere thanks to our instructors Geeklad, Auryan, Otto, Yousef, OverlordHippo, Criphunter_1988, Hugo100 for pioneering the LP Army Boot Camp!

Watch the recent videos below:

LP Army Boot Camp Pilot

Over 400 signups
Day 1: https://twitter.com/i/broadcasts/1RDGllnNWNEGL
Day 2: https://twitter.com/MeteoraAG/status/1779177132478128131
Day 3: https://twitter.com/MeteoraAG/status/1779541597568586119

LP Army Boot Camp 2nd Round

Videos will also be added here.

Sharky LFG Launch with 50K USDC incentives

We ran a pilot program with Gauntlet to drive deeper liquidity for tokens launching on Jupiter LFG launchpad. Part of the goal for these incentives is to make it easier for LPs to participate on launch day and manage their IL from day 1 volatility and beyond.

We’re testing this pilot program on the Sharky LFG launch.

Enjoy 50,000 USDC in LP incentives for SHARK/USDC

Pool: https://app.meteora.ag/dlmm/GbNjRYBoyKo4Gu2jA9Pv4ww6krHdnL4uK62mtKb4eC8z
Duration: 4 weeks, starting 16 Apr

Would launching an NFT be helpful for Meteora?

In the call, we had a discussion with Solport Tom and Otto about whether launching an NFT (non-fungible token) could be a useful tactic for Meteora and how we can leverage the NFT community.

A Meteora NFT has great potential as marketing tool and can help support awareness-building and community growth by capturing a whole new community of NFT holders who can also bring great energy and dynamism to Meteora. But Solport Tom felt that if Meteora were to launch an NFT, our focus would likely be severely divided between the NFT and the MET token, resulting in a fight on two battlefronts. We’d need to ensure that the performance of both don’t get negatively affected.

Moreover, we should account for the fact that an NFT and a project token have different characteristics and use cases, and likewise their holders also have vastly different interests and needs. For instance, NFTs are mainly used to verify the ownership and authenticity of a digital collectible or tokenized RWA (real world asset) such as art and royalty rights, so NFTs are valued more for their rarity and collectibility. The value of each unique NFT could vary greatly from the rest of the collection. As such, NFTs are in general less liquid and traded less frequently, and might not be as widely distributed to the community compared to project tokens.

Ideally, for long-term alignment, both NFT and project token holders should be users of the core product and it’s important to have a healthy balance of token interest and product interest. It’s imperative that we do not simply chase trends and end up losing sight of Meteora’s main goals such as building tech to improve LPs’ fee earning and profit potential.

There are alternative ways to leverage the NFT community without launching an NFT, such Solport Tom’s amazing idea to create a website with a raffle/giveaway to allocate MET for the top NFT project holders who complete certain social media tasks. Otto also suggested working more with the DED community and learn from their experiences.