Unveiling The Meteora Plan

Over the last year, through the rapidly evolving market and competitive conditions, our team has worked extremely hard to develop a valuable platform for Solana and crypto, including shipping a battle-tested beta of our dynamic vaults protocol.

We are unveiling The Meteora Plan, which will launch our existing and new product under a new technology platform, and reset the existing tokenomics with the goal of creating a new foundation for participation to reignite user interest and grow market confidence in the platform.

The Meteora Plan

The key goals of Meteora are to ignite user interest, build up market confidence, and set the foundations for the right community and ecosystem for our project to succeed.

To achieve these, we have 3 key parts:

1. Launching Dynamic Vaults and AMMs under Meteora
2. Migrating to a clean, unambiguous token setup
3. Complete brand revamp and transition to Meteora.ag

The second major part of the plan is launching a new token MET with the launch of the Meteora Platform, and migrating our current MER to a new, clear token setup to create a new economic and community foundation moving forward.

As mentioned earlier, we believe that the confluence of several key factors creates too much uncertainty, and without a strong tokenomic foundation to begin with, the potential of the new platform will be wasted.

Therefore, this token plan aims to set the platform on a new foundation with 3 key goals:

1. Remove all ambiguity around the existing tokenomics and give potential new investors strong clarity when deciding whether to participate.
2. Bring the ownership of the protocol by the team/investors to a smaller proportion of the new supply.
3. Give the new DAO control over the vast majority of the new token supply, so any emissions will be a fully transparent and well-informed process.

With these goals in mind, here is the overview for the new token setup:

• There will be 100M Meteora tokens
• 20% (20M) will be circulating initially and distributed to MER stakeholders as per the calculations below
• There will be no increase in circulating supply or emissions until the DAO approves