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Your ecosystem guide / Meteora

Meteora: liquidity pools and token launches

Meteora provides liquidity for swaps and token launches on Solana. DLMM distributes assets across price bins, DAMM v2 represents positions with NFTs, and DBC runs initial curve trading before moving to a pool.

Platform
Liquidity and token launches on Solana
Verified on 15.10.2026
Positions
DLMM: price bins; DAMM v2: NFTs
Verified on 15.10.2026
New DBC launches
Curve → configured threshold → DAMM v2
Verified on 15.10.2026

SOL, pool assets and liquidity ownership

The selected product determines how a position is represented.

SOL

Network and accounts

SOL pays for Solana transactions and required account creation. The pair itself can contain other tokens.

DLMM

Position account and bins

A position tracks shares in selected price bins. Swaps change the active bin and the token mix.

DAMM v2

Position NFT

The NFT controls the position’s liquidity, accrued fees and rewards. Transferring it transfers that control to the new owner.

Liquidity mechanics

A pool position or a curve launch

Choose a product: each has its own asset path, ownership accounting and trading conditions.

DLMM

  1. 01Select price bins
  2. 02Add liquidity to a position
  3. 03Swaps in the active bin

Fees accrue to liquidity used by swaps. Outside the chosen bins, the position stops earning trading fees. Withdrawal returns current position assets; fees are collected separately.

Product rules ↗

DAMM v2

  1. 01Supply pool assets
  2. 02Receive a position NFT
  3. 03Manage liquidity and fees

A pool uses a fixed range or a full-range mode that reinvests a share of fees. The NFT owner withdraws available liquidity and collects fees; locks determine the accessible portion.

Product rules ↗

DBC → DAMM v2

  1. 01Trading on the DBC curve
  2. 02Configured quote threshold reached
  3. 03Migration to DAMM v2

Initial curve trading stops when the curve completes. Migration creates a pool and positions with configured creator and partner shares, locks and fees. New DBC launches use DAMM v2.

Product rules ↗

How price and locks affect a position

Fee results depend on liquidity usage and pool settings.

BIN

One active bin

A bin uses one fixed price. Once its available asset is consumed, the swap moves to the next bin; a large trade can cross several prices.

FEE

Base and dynamic fees

DLMM and DAMM v2 can incorporate volatility into fees. The amount and fee token depend on the selected pool’s configuration.

LOCK

Unlocked and locked portions

DAMM v2 can hold unlocked, vesting and permanently locked liquidity. Accrued fees and the right to withdraw principal are accounted for separately.

Where to create and manage positions

A liquidity provider selects a pool and allocation; a launch team selects the curve, migration terms and future position owners.

Pools and portfolio

Meteora App

Meteora App supports pool search by asset or address, liquidity deposits and withdrawals, position views and fee collection.

DLMM management

DLMM Dynamic Terminal

Dynamic Terminal combines charts, bin selection and position operations. Changing the range changes the asset allocation.

Pool and launch creation

Invent

Invent configures DLMM, DAMM and DBC. DBC settings include the quote asset, curve, threshold and post-migration liquidity distribution.

Enter or exit with a swap

Zap

Zap helps add liquidity to DLMM/DAMM v2 and swap tokens received when exiting. Supported exit routes include DAMM v2, DLMM and Jupiter; the interface prepares the pool and transaction terms.

A Solana wallet and pool selection

Your wallet signs operations for the selected pool. SOL is needed for network execution and position-account creation. Meteora’s terms exclude citizens and residents of the United States, China and other listed restricted territories from its services, as well as entities incorporated there or with a registered office there.

01

Verify addresses

Select a pool by token mint addresses and the pool address. A name or ticker does not identify a particular token.

02

Set the allocation

In DLMM, choose bins and a liquidity shape. For DAMM v2, check the pool mode, fees and position locks.

03

Keep SOL for operations

Creating a position account can reserve SOL. The interface separates transaction costs from funds refundable when an eligible account is closed.

Who receives trading fees

The pool distributes fees under its version and configuration; a DBC launch separately defines creator and partner recipients.

Trader

Pool fee

In DAMM v2, a share of LP fees can be reinvested into full-range reserves; the remainder is claimable by the position.

Trader

Fee token selected by the pool mode

Pool fee

LP positions

Accrued fees and configured reinvestment

Protocol and referral

Protocol share; referral portion when present

Launch participant

DBC trading and migration

Trading and liquidity-migration fees are accounted for separately. Settings determine shares and recipient addresses.

Launch participant

Selected DBC rules

DBC trading and migration

Creator and partner

Configured fee and future-position shares

Protocol

Protocol trading and migration fees

Meteora treasury

MET purchases from reserves

Meteora uses treasury reserves to buy MET. Acquired tokens are held in a dedicated buyback wallet.

Meteora treasury

USDC purchase budget

MET purchases from reserves

MET buyback wallet

Purchased MET is held at the dedicated address

Collect fees and close a position

Accrued fees, available liquidity and SOL held in a closing account belong to different operations.

CLAIM

Collect accruals

The owner collects available position fees and rewards. Reward-program availability depends on the pool.

WITHDRAW

Withdraw liquidity

Remove the position’s available liquidity. Its current token mix depends on price and past swaps. Vesting liquidity unlocks on its schedule; permanently locked liquidity cannot be withdrawn.

CLOSE

Close an empty account

After withdrawing and collecting accruals, close an eligible position account. Released SOL rent follows the account rules.

Practical questions

1How does DLMM differ from DAMM v2?

DLMM distributes liquidity across discrete price bins. DAMM v2 uses a fixed range or full-range compounding, with position ownership represented by an NFT.

2Why has DLMM stopped accruing trading fees?

If current price leaves your position’s bins, its liquidity is not used by swaps. Accrual resumes when price returns or the allocation is changed.

3Where does a token go after DBC completes?

New DBC configurations migrate to DAMM v2 after the configured threshold is reached and migration is completed. Launch rules define the resulting positions and locks.

4What transfers with a DAMM v2 NFT?

Control over the corresponding position: its liquidity, accruals and available actions. Permanent and vesting locks remain in force.