Meteora, a decentralized financial platform (DEFI) based on Solana (soil), proposed to allocate 25% of her token diet puts Crypto to a reserve of liquidity rewards and generation of tokens (TGE).
Community feeling around the proposal is mainly optimistic. However, users have expressed concerns about the sufficiency of liquidity at launch.
How Meteora plans to use 25% of the liquidity and TGE offer
The proposal was detailed on the Meteora governance forum. He describes an allowance of 20% for a reserve of liquidity awards. This reserve is intended for liquidity extraction rewards to encourage liquidity suppliers for two years after the TGE.
“To ensure that meteors remain the best place to provide liquidity in the future, we offer the creation of a reserve of liquidity awards, to be strategically operated by the Meteora team to attract liquidity suppliers,” said the proposal.
It will probably be used to match tokens incentives for major launches, will continue the recovery plan of the liquidity supplier (LP) (season 2) and finance new programs to stimulate the adoption and liquidity of users.
In addition, the TGE reserve will receive 5% of the offer. The offer concerns the initial supply of liquidity, marketing and other tasks related to TGE.
“My personal point of view is that 5% is at the bottom of the range, since we have 40% of the day of the supply in circulation 1, but foresee that the LP army can assume the difference,” wrote the author of the proposal, Soju.
Many users share Soju’s point of view, emphasizing the need for sufficient liquidity at TGE.
“I like the proposal, and that has a lot of meaning. Nevertheless, I believe that 5% for MM could be too low. I understand that we have the LP army to help, but 40% of day 1 means that deep liquidity will be extremely important,” said a user.
This proposal follows Meteora’s previous initiatives to refine its token distribution strategy. On March 20, the platform announced two other proposals. The first aims to increase the LP award allowance by 10% to 15%. In addition, 3% will be appointed to launch pools and launch pads.
The second proposal suggests giving 20% of the total offer puts the team’s treasure. These tokens will be acquired over six years, from the TGE.
Meanwhile, Meteora’s strategic initiatives coincide with an increase in the activity of merchants. According to Defillama data, the DEX negotiation volume jumped approximately 52.53%, going from $ 316 million in April to $ 482 million at the time of the editorial staff.
The platform has also become the third channel largely in fresh in last week, generating an impressive $ 21.6 million. In addition, Meteora’s fees strongly rebounded in May, reaching $ 4.2 million in the last 24 hours.
The substantial generation of costs indicates a very successful and engaging ecosystem.
“Meteora’s air card could be one of the largest parachutists of all time,” said a user, attributing the costs as a key factor.
The path of Meteora, however, is not without obstacles. The platform faces a collective appeal filed by Burwick Law in March for its presumed involvement in the scandal of the Libra tokens. In fact, in the aftermath of the crisp of the balance of the balance, Ben Chow, the co-founder of Meteora, resigned from management in the midst of initiate negotiation allegations.
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