Meteora DLMM

Meteora DLMM Overview

Meteora's Dynamic Liquidity Market Maker (DLMM) is a next-generation automated market-making system built on the Solana blockchain. It features a bin-based liquidity model that allows providers to concentrate assets in price ranges, increasing capital efficiency and reducing slippage.

Key Features

• Bin-Based Liquidity
  Liquidity is organized into price “bins” with zero slippage for trades within each bin.
  Learn more

• Dynamic Fees
  Fees adjust based on volatility, increasing during high volatility to better compensate LPs.
  Read article

• Flexible Strategies
  LPs can choose different deposit strategies:

  • Spot – Distributes liquidity evenly.
  • Curve – Concentrates around mid-price, ideal for stable pairs.
  • Bid-Ask – Targets price extremes for volatile pairs.
    Strategy guide

• Single-Sided Liquidity
  Users can add liquidity using just one token.
  FAQ

DLMM Launch Pools

These pools support new token launches with unique options:

• Custom Liquidity Distribution
  Projects can design custom curves to guide initial trading.

• Single-Sided Bootstrapping
  No need for dual-token deposits—launch with just the native token.

• Immediate Aggregator Integration
  Tokens become tradable on Jupiter and within connected wallets.
  More info

Considerations

• Active Management
  LPs must monitor and adjust to keep assets in active bins.
  DLMM FAQ

• No LP Tokens Issued
  Unlike other AMMs, DLMM does not issue LP tokens, which means liquidity cannot be locked permanently.

• Platform Risk
  Users should understand the risks: impermanent loss, contract exploits, and market volatility.
  DLMM Docs