Meteora

Getting Started

1. Visit app.meteora.ag and connect your Phantom or Backpack wallet.
2. Browse DLMM pools — each shows the current active bin, fee tier, and LP APR.
3. Add liquidity by choosing a strategy: Spot (uniform), Curve (concentrated), or Bid-Ask (one-sided).
4. Watch your fees accrue in real-time as trades flow through your active bins via direct swaps and Jupiter aggregation.

How Meteora Fits the Ecosystem

• Jupiter routing — Meteora’s DLMM pools are integrated into Jupiter’s aggregation. A swap on Jupiter may route through Meteora when its bins offer the best price for a portion of the trade.
• Launch liquidity — Many new Solana tokens use Meteora DLMM pools for initial liquidity, often alongside or as an alternative to Raydium. The dynamic fee structure protects LPs during volatile early trading.
• Complementary to Raydium/Orca — Each DEX uses a different AMM model. Jupiter routes across all three simultaneously, so they don’t compete head-to-head — they provide diversified liquidity sources.
• Pyth feeds — References Pyth Network oracle data for analytics and position management tools.

Key Features

• DLMM (Dynamic Liquidity Market Maker) — Discrete price bins provide zero-slippage swaps within each active bin. More precise than traditional concentrated liquidity.
• Dynamic fees — Fees automatically increase during high volatility and decrease during calm markets, optimizing LP returns and protecting against toxic flow.
• Flexible LP strategies — Choose Spot (even distribution), Curve (concentrated around current price), or Bid-Ask (one-sided, DCA-like) positioning.
• One-sided liquidity — Deposit just one token instead of a pair. Great for dollar-cost averaging into a position.
• Jupiter-integrated — Fully aggregated into Jupiter’s routing, meaning LPs earn fees from all Solana trading volume, not just direct Meteora users.
• Launch pool standard — Increasingly used for token launches due to dynamic fees that protect LPs during the volatile first hours of trading.