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Meteora Revises MET Token Distribution Plan for Jupiter Stakers

Solana-based liquidity protocol Meteora updates its token distribution strategy, allocating 3% of MET reserves to Jupiter stakers through a time-weighted model with NFT liquidity positions.

SOL
USDC
JUP

Summary

Meteora, the Solana-based liquidity protocol, has revised its token distribution plan for MET, addressing feedback on its initial Jupiter staker allocation. The updated plan will distribute 3% of MET’s Token Generation Event (TGE) reserves using a time-weighted model, rewarding stakers based on the duration of their holdings. The allocation will be delivered through liquidity position NFTs, providing exposure to the MET/USDC pair upon token launch.

Terms & Concepts
  • Time-Weighted Model: A distribution method that allocates assets based on the length of time a participant holds a stake, rewarding consistent engagement.
  • Liquidity Position NFT: A non-fungible token representing ownership of a liquidity pool position, enabling tradable and verifiable claims to specific token pairs.
  • TGE (Token Generation Event): The initial launch and distribution of a cryptocurrency token to participants, often marking the start of its tradable existence.