Heartbroken from being rugged? Try Meteora, a promising project in the Solana ecosystem
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Heartbroken from being rugged? Try Meteora, a promising project in the Solana ecosystem
Surprisingly, the Solana ecosystem isn't as competitive when it comes to airdrops.
Navigating Web3 tides with focused insightsWritten by: TechFlow
Almost every major project's airdrop in recent times has been met with backlash—Layer 0 manipulating human psychology, Zksync secretly dumping on retail, and Blast penalizing farmers while lecturing them...
Whether whales or small retail investors, everyone feels deeply frustrated by these manipulative teams. This growing negativity—such as the belief that "airdrops have no future"—is closely tied to these frustrating and often absurd airdrop allocation rules. These projects may have turned what was once a value haven in Web3 into an EdV (Expected Value) hell.
Judging by outcomes, Ethereum ecosystem airdrops are now approaching a red ocean: high entry barriers, low returns. From paying gas fees just to get in, to more costs when exiting, not to mention having to outsmart the project team just to claim your airdrop—wasn't I supposed to be making money here? Why am I leaving angrier than when I started??
Rather than endure this, perhaps it’s better to shift focus—redirect capital and effort toward interacting with projects on the Solana chain.
Today we introduce Meteora, a liquidity aggregation and management platform in the Solana ecosystem that supplies significant liquidity to Jupiter. Its innovation in liquidity pools—DLMM Pools (Dynamic AMM)—enables users to enjoy 0-slippage trading.
As another key player in Solana's liquidity landscape, Meteora may follow the ecosystem's generous token distribution culture—offering substantial rewards for relatively low interaction costs (although the $MET token remains perpetually in a "coming soon" state).
In any case, until an official snapshot is announced, there's still time to start interacting.
Start Interacting with Meteora
Points System
According to approved community proposals, only LP providers who add liquidity to Dynamic Pools, DLMM, and Multi-token Pools can earn points.
The rules for earning points via liquidity provision are:
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Each dollar of TVL added earns 1 point per day.
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Each dollar earned from LP activities earns 1,000 points.
Experience DLMM Pools
Here, we'll use SOL-USDC LP as an example. You can adjust based on your own token holdings.
First, go to Meteora's DLMM Pools interface: https://app.meteora.ag/dlmm
If you only hold USDC or SOL, you can directly swap through Jupiter integrated within the Meteora interface.
Proceed to add liquidity. DLMM offers three liquidity yield strategies:
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Spot: Distributes earnings evenly across the selected price range.
If you're uncertain about market direction, Spot is the safest choice.
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Curve: Higher returns when price fluctuates minimally within the set range.
If you expect SOL to trade sideways within a specific range, Curve maximizes gains during consolidation.
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Bid Ask: Higher returns when price swings widely within the set range.
If you anticipate a strong upward or downward trend in SOL price, Bid Ask will maximize your returns—if your prediction is correct.
Deposit LP
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Determine your deposit amount. For demonstration, we’ll use a small amount—adjust according to your capacity.
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Select a yield strategy. We’ll use the conservative Spot strategy as an example.
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Set the price range—the interval where your LP generates yield. If the SOL/USDC pair moves outside this range, your LP stops earning.
Hedging Risk with Shorting Tools
An SOL/USDC LP consists of 50% SOL and 50% USDC. When the exchange rate changes, two scenarios occur:
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If SOL rises beyond the set range, all SOL in the LP converts to USDC.
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If SOL falls below the set range, all USDC in the LP converts to SOL.
This means if SOL drops below the LP’s active range, USDC-based holders suffer losses from falling SOL prices.
Since Meteora requires a minimum 7-day LP deposit (one cycle) to qualify for points, to secure guaranteed points while minimizing price volatility risk during this period, consider using a "limit short" strategy to hedge.
For example, using Binance’s SOLUSDT Perpetual Contract:
PS: Shorting carries risk—use with caution.
Conclusion
The popularity of the Solana ecosystem needs no introduction—but surprisingly, its airdrop scene is far less cutthroat.
Well-known projects like Jupiter and Tensor offered valuable airdrops even for minimal interactions. Compared to the hyper-competitive Ethereum ecosystem, Solana’s airdrop environment still feels rewarding and full of pleasant surprises.
With Jupiter setting a strong precedent, market expectations for Meteora’s token launch and distribution model remain optimistic—and participation is relatively straightforward.
Adding LP isn’t risk-free passive income, but it’s manageable. By understanding the mechanics and using hedging tools wisely, risks can be minimized (which, in a way, counts as a form of zero-cost farming).
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