StakePoint
Solana DeFi Glossary
Definitions of key terms used in Solana DeFi, token locking, LP locking, and staking. Published by the StakePoint team.
Meteora
A Solana DEX and liquidity protocol known for dynamic liquidity pools.
Definition
Meteora is a decentralised exchange and liquidity protocol built on Solana. It is known for its Dynamic Liquidity Market Maker (DLMM) pools which concentrate liquidity around the current price to improve capital efficiency for liquidity providers.
Meteora has become a popular choice for Solana project launches due to its flexible pool configurations and integrations with launchpads. Projects launching on Meteora-based launchpads receive Meteora LP tokens when they provide liquidity.
Meteora LP tokens represent a share of a Meteora liquidity pool and can be locked to prove that the underlying liquidity cannot be removed for a set period.
StakePoint & Meteora
StakePoint supports locking Meteora LP tokens on Solana. Meteora LP locks are held in Program Derived Addresses and publicly verifiable on Solscan.
Related Pages
Frequently Asked Questions
What is Meteora?
Meteora is a Solana DEX and liquidity protocol known for its dynamic liquidity pools. It is popular for Solana project launches and provides LP tokens to liquidity providers.
Can I lock Meteora LP tokens?
Yes. StakePoint supports locking Meteora LP tokens with on-chain verification in Program Derived Addresses.
Related Terms
LP Token
A token representing a share of a liquidity pool on a decentralised exchange.
LP Locker
A smart contract that locks liquidity pool tokens on-chain until a set unlock date.
Raydium
The largest decentralised exchange and AMM on Solana.
Liquidity Locking
The process of locking LP tokens on-chain to prove liquidity cannot be withdrawn early.
Solana DeFi
Decentralised finance applications built on the Solana blockchain.