Meteora Community Call Recap — 31 Jan 2024

4 min readFeb 6, 2024

We had an interesting call last week, with 100+ community members coming together right after the start of the DLMM-powered JUP token launch! It was nice to hear community members sharing tips with each other about their preferred wallets and the different tactics on getting their orders through.

The JUP launch was definitely one massive stress test for Solana, DLMM, and Jupiter infrastructure, with the network heavily congested as expected due to the surge in claims and trades. Although some early transactions did not go through, all things considered, it was still a smooth launch overall without any major problems arising.

Due to the success of the WEN and JUP launches, many token projects are now requesting to launch on the DLMM-powered Jupiter LFG Launchpad!

DLMM’s Dynamic Fees in action during JUP launch

One interesting observation was that dynamic fees were very visibly in play due to the volatility for JUP, but on certain DLMM JUP pools with large bin steps, dynamic fees did not appear to be that high.

This was a good opportunity to highlight the difference between smaller and larger bin steps in DLMM pools:

Smaller bin steps: Allow you to capture more volume, but, your max range per position is smaller. So a general rule of thumb is smaller steps for stable pairs and larger steps for more volatile pairs.

Larger bin steps: Allow you to set a wider price range per position, but at the cost of less volume (harder for that liquidity to be picked up for swaps) since there’s a less continuous price range. But larger bin steps are important for highly volatile pairs where price swings can be huge. One possible method shared by the community to help increase volume (for a position with larger bin steps) would be to use a “Curve” volatility strategy to concentrate liquidity more around the active bin price.

Community members were excited to see the DLMM’s dynamic fees in action and are starting to grasp the potential for such fees to capture much more value during high market volatility.

Using single-sided DLMM to acquire JUP

Prior to the JUP launch, we shared a guide on how to use DLMM to set up single-sided JUP/USDC or JUP/SOL positions in advance as an alternative method to acquire JUP using USDC or SOL.

This was actually the first time this special use case was tested on such a large scale!

We are thrilled that many LPs experimented with this method and some of them such as Verso.sol and [AEP] Eonsin were able to successfully acquire JUP within their preferred price range quite early after the token launch began.

Triple stacking rewards with JUP

If you are a JUP holder, you can start earning bonus MET points and token incentives by being an LP in selected pools.

You can even triple stack your rewards by adding liquidity through the DLMM-powered Kamino Finance vaults — Token incentives + MET points + Kamino points! Get started by reading this article.

Currently, the MET points dashboard on Meteora is not live, but you will be earning points based on this scoring system.

Tip: If you want to triple stack with up to 2x MET points + 2x Kamino points + tokens incentives (~$300k worth), the simplest way is to use Kamino. If you want to have full control over your strategy to optimize fees for MET points, use DLMM on Meteora directly.

Meteora Twitter Spaces about the JUP launch

To listen to more discussions around how Meteora’s DLMM is powering the Jupiter LFG launchpad and how to use your JUP tokens post-launch, you can check out these follow-up Twitter Spaces:

Building the LP Army

Meteora’s current focus is to continue optimizing the DLMM and adding new features that contribute to our objectives:

Make DLMM as profitable as possible for LPs
Supporting the Jupiter LFG Launchpad, through which many important Solana projects would start to launch from
Driving more TVL and liquidity to Solana

While we work on this, we also hope to gradually build up the LP Army! Together as a community, we want to get more LPs educated about the benefits of DLMM and how to use it effectively to earn more fees.

The #iamded community, born out of a locked 1:1 special NFT locked on Ovols and the associated $DED token, has been doing an awesome job educating fellow users about LPing with DLMM.

Example tweets from dedheads:

And for those who enjoy creating content, here’s the perfect time to showcase your knowledge and creativity —

Participate in Meteora’s DLMM track in the Solana Scribes content hackathon to win a share of $5,000!💰

Next community call is coming up on 7 February, 9:30 am Tuesday, Eastern Time (ET) in the Meteora discord. Come join our growing LP Army!