Meteora wallet

What is Meteora (MET)?

Meteora is a liquidity protocol on Solana, and MET is the token that gives its holders a say in how that protocol is run. The protocol itself is what most Solana traders touch without noticing: its DLMM pools spread liquidity across discrete price bins so that a swap inside one bin has no price impact, and its pool fees move with volatility instead of staying fixed. The same pool designs sit under a large share of the token launches on Solana, since launchpads plug into Meteora pools to open trading for a new coin. MET does not run any of that machinery. Holding it on its own means holding a vote, not a share of pool fees; a share of protocol fees goes only to MET that is staked.

A few things are specific to this token. It has a history: Meteora grew out of the older Mercurial Finance protocol, and part of the MET supply was set aside for holders of the old MER token, so a wallet that once held MER may find MET showing up in it. The ticker is also not unique. An unrelated Ethereum project used MET years earlier, so when you add the token or check a price, confirm it is the Solana one.

On Solana, MET is a standard SPL token. It lives in its own token account under your address, that account needs a small SOL deposit to be created, and every transfer or vote is paid for in SOL, never in MET. So a wallet that holds only MET and no SOL cannot move it. In Tangem the SOL and the MET sit under the same address in one app, and signing is a tap of the card on the phone, which suits a token that is moved rarely but needs to be moved without fuss when a vote or a transfer comes up. That is the practical reason a Meteora holder ends up keeping it there.

Supported networks in Tangem (1): Solana.