Important Update to Meteora on the Solana Network: DAMM v2 Protocol Launch
Meteora has announced the launch of its new version, Meteora Constant Product AMM (DAMM v2), featuring major improvements for Solana network developers and traders:
Token-2022 support: Full, permissionless support for Token-2022 standards, including metadata pointers and transfer fees.
Hot account issues resolved: A unique set is allocated to each pool for swap operations, with no overlap.
Flexible fees and LP features: Fees are not automatically compounded into liquidity, enabling unique features such as collecting fees exclusively in SOL, permanently locking liquidity positions while retaining the ability to withdraw profits, as well as scheduled fees (linear or exponential) and volatility-linked dynamic fees.
Impact on the market and Solana (SOL) tokens:
This update improves liquidity efficiency on the Solana ($SOL ) network and gives projects and token developers professional tools to manage liquidity and transfer fees more easily. This positively impacts the strength of the network’s DeFi infrastructure and supports investment activity on the network.
#MET #Meteora #sol #solana #defi
$MET $SOL
Meteora has announced the launch of its new version, Meteora Constant Product AMM (DAMM v2), featuring major improvements for Solana network developers and traders:
Token-2022 support: Full, permissionless support for Token-2022 standards, including metadata pointers and transfer fees.
Hot account issues resolved: A unique set is allocated to each pool for swap operations, with no overlap.
Flexible fees and LP features: Fees are not automatically compounded into liquidity, enabling unique features such as collecting fees exclusively in SOL, permanently locking liquidity positions while retaining the ability to withdraw profits, as well as scheduled fees (linear or exponential) and volatility-linked dynamic fees.
Impact on the market and Solana (SOL) tokens:
This update improves liquidity efficiency on the Solana ($SOL ) network and gives projects and token developers professional tools to manage liquidity and transfer fees more easily. This positively impacts the strength of the network’s DeFi infrastructure and supports investment activity on the network.
#MET #Meteora #sol #solana #defi
$MET $SOL