In the recent project incubation process, how to rebuild a strong community Consensus system has become a major challenge in our practical execution, especially regarding high-quality user tracks in the Defi category. After all, the higher the user quality and purchasing power, the more difficult it is to mobilize their enthusiasm compared to yield farming users.
We have observed an excellent operational target @MeteoraAG, which has built a strong @met_lparmy through an outstanding Consensus building system. We chose to analyze their Consensus operation system, and while providing references for the incubator team internally, we also hope to inspire everyone and provide a referable paradigm for other projects.
Some background about Meteora
Meteora was formerly the stablecoin automated market maker (AMM) protocol Mercurial Finance in the Solana ecosystem, which had a peak total value locked (TVL) of over 200 million USD. However, the collapse of FTX in 2022 caused its token MER to fall into a liquidity and trust crisis. Faced with survival challenges, the team decisively transformed and launched Meteora, focusing on the Dynamic Liquidity Market Maker (DLMM) mechanism and proposing the core concept of a “community Consensus network.”
Key initiatives for transformation include:
- Technical Upgrade: The DLMM mechanism optimizes capital efficiency, supports dynamic price range settings, and significantly enhances the earning potential for liquidity providers.
- Community Reconstruction: By utilizing the LP Army Bootcamp and MET token incentives, transform users from passive participants to active co-builders.
- Ecosystem Integration: Collaborate with projects like Jupiter, Orca, Candle, etc., to expand trading volume and user base.
- Global layout: Reach the global LP community through multilingual support and regional teams.
In early 2024, Meteora boosted its TVL from 40 million dollars to 160 million dollars through its points system and community activities, with daily trading volume ranking among the top in the Solana ecosystem. The current total TVL has further increased to 800 million dollars.
Meteora has demonstrated through practical actions that in this round of bull market, an excellent Consensus building system can also contribute to the growth of Defi.
LP Army: Education-driven Consensus Engine
The LP Army Bootcamp of Meteora is a core pillar of its community operations.
This is a free two-day educational workshop held monthly, aimed at transforming novices into qualified liquidity providers through hands-on training on the blockchain. By 2025, the camp has held 16 sessions, training over 15,000 certified LP graduates, catering to both novice and advanced users. The courses are hosted by experienced LPs (such as HeavyMetalCook, GeekLad, OttoCatalytic) and cover topics including DLMM operations, liquidity strategies, impermanent loss management, and fee optimization, supporting both live and recorded formats to ensure global users can participate flexibly.
Where do seed users come from?
Meteora primarily targets liquidity providers and meme coin issuers on Solana. The platform tools are particularly attractive to users pursuing “capital efficiency” and projects seeking fair launch infrastructure. Articles have noted: “Meteora is looking to collaborate with liquidity providers committed to supporting the platform and Solana in both the short and long term.” In fact, this has attracted early LP enthusiasts (such as meme coin traders) and launch platform communities (like Moonshot and Jupiter).
The initial seed users were active LPs and early Solana traders. The explosive growth during the launch of the $TRUMP meme coin in 2025 indicates that the meme community is a key driving force. From February to March 2024, Meteora’s TVL surged from about $40 million to $160 million, which the team attributed to the LP Army: “Without you, we couldn’t have done it!” This indicates that there are already thousands of enthusiastic LPs forming the early community foundation. Early content creators (such as Crypto Twitter celebrities, LP strategy educators 0xSoju and HeavyMetalCook) also contributed to knowledge dissemination. After the official launch of the LP Army and training camp, these enthusiasts were further transformed into staunch supporters.
Training Camp Process
Bootcamp adopts a rigorous practical operation and assessment mechanism to ensure that participants truly master LP skills:
- Day 1: Participants deposit liquidity of no less than 100 USD in a non-stablecoin trading pair, hold the position for at least 1 hour, and receive the “Boot Camp Trainee” Discord role.
- The next day: Verify positive earnings through exam, submit position screenshot and pass manual review, qualified participants will receive an NFT diploma and be promoted to the “LP Army Private” role.
Requirements include:
- Participate in the course for no less than 1 hour.
- Provide liquidity of no less than 100 USD, and choose non-stablecoin trading pairs.
- Achieve positive returns by the end of the course.
Completers not only receive an NFT certificate and community identity, but also unlock advanced training courses, exclusive Discord channels, and access to community tools (such as profit trackers and Dune Analytics dashboards). This “learning + practical application + certification” model effectively filters out users who are willing to contribute to the protocol in the long term.
Build effective role promotion
The LP Army of Meteora is not a loose community, but an organized network linked to role advancement and contributions. Its identity system is divided into four levels, ensuring a closed loop for community members from participation to empowerment and then to benefits.
Various core roles have emerged in community operations, including training instructors (such as GeekLad, Otto, etc.), community educators (like content creators Narko, Tuuxx, etc.), and regional ambassadors/captains (proposed LP Army Regional Squad Leads). Bootcamp graduates can receive exclusive identities such as “LP Army Private,” with the potential to upgrade to LP Army senior members in the future. The official support also extends to the “Meteora Rising Incubator,” which attracts experienced professionals and sub DAOs (like GooseDAO, DED LP Army) to participate in ecological construction.
Incentive Mechanism: The Trinity of Product, Governance, and Honor
The incentive system of Meteora operates in parallel through three tracks: economic rewards, governance participation, and honor incentives, deeply binding user behavior with protocol interests, and deriving governance functions through the LP Army.
Incentives: Fee Sharing and MET Points
Liquidity Fee Sharing for Locked Positions
Through the Moonshot launch platform, Meteora achieves permanent locking of initial liquidity, with transaction fees fully allocated to liquidity providers (LPs), initial deployers, partners, and the DAO. General transactions are distributed at 33%/33%/33%, while Referral transactions are distributed at 25%/25%/25%/25%. The M3M3 mechanism further innovates by allowing project parties to design “sprint staking” rewards, where the top N stakers share SOL and token rewards proportionally, with earnings divided into withdrawable SOL rewards and automatically reinvested token rewards, encouraging long-term locking. For example, the fee distribution proposal of the memecoin pool ensures that no fees are destroyed anymore, attracting partnerships like PumpFun to use Meteora.
MET Points System
Users earn points by providing liquidity and inviting friends. Points can be exchanged for future MET token airdrops or privileges, and the community-built “MET Leaderboard” displays rankings in real-time, stimulating competition. After the points system is launched in early 2024, TVL surged from 40 million to 160 million USD, and trading volume ranked among the top in Solana, proving its incentive effect.
- Points acquisition rules: Every $1 TVL/day = 1 point, every $1 fee/day = 1000 points.
- Points platform: Community-built tools (such as MET Leaderboard) for counting and visualizing points rankings.
- Points usage: Points are expected to be redeemed for use in the MET token distribution or incentive programs (details to be determined by the DAO).
Governance Incentives: MET Token and DAO Empowerment
The MET token is the governance core of Meteora, with a total supply of 100 million, of which 80% is controlled by the DAO and 20% is allocated to early MER holders and contributors (including 2% reserved for core contributors, with a 6-year linear vesting). The DAO empowers community decision-making through the ve-MET locking voting mechanism, covering key parameters such as fee curves, lending protocol integration, and token distribution plans. Governance proposals are publicly discussed on the official forum, with plans to introduce on-chain voting to ensure participation from small and medium holders.
The team and the foundation hold 20% of the tokens through a multi-signature wallet, with a 6-year linear vesting period, in line with the project’s long-term goals. The community proposal also includes plans to incentivize content creators and global moderators, reflecting the emphasis on decentralized governance.
Honor Incentives: NFT and Community Recognition
•NFT and Badges: Bootcamp graduates receive NFT certificates, and Galxe task completers can earn exclusive OAT (On-Chain Achievement Token). The LP Army has established the “LP Hall of Fame” to honor annual contributors, such as Crypto Twitter personalities 0xSoju and HeavyMetalCook.
•Role Promotion: Upgrading from Trainee to Core Contributor status grants users more privileges (such as exclusive channel access and proposal priority) and honors, enhancing the sense of belonging.
This multi-layered incentive directly ties user behaviors (providing liquidity, content creation, community management) to rewards (points, tokens, honors), avoiding the “welfare seekers” phenomenon and ensuring that rewards flow to long-term contributors.
Use external tools to assist in strategy implementation
To better implement the entire system, the LP Army also leveraged the following tools.
- Galxe Community Task: The official LP Army task page has been released on Galxe, encouraging users to participate in community building and earn rewards. Through Galxe Quest, users can complete tasks such as staking and sharing to earn NFTs, points, and Discord privileges, guiding new users to use Meteora at a low cost.
- Data and Analysis Tools: Community members have developed a large number of Dune Analytics dashboards to track key metrics such as DLMM yield, TVL, and user growth. For example, the “Fees/TVL Dashboard” provided by Geeklad and the PnL leaderboard by kagren0 can help LPs optimize their strategies.
- Community Collaboration Tools: In addition to Discord, the Meteora team hosts AMAs and Bootcamp live streams on platforms like Twitter/X and YouTube, and maintains documentation and tutorials using platforms such as GitBook/Notion. Based on community proposals, they have also established Telegram community groups and Twitter Spaces to disseminate activity information.
Globalization Strategy: Building a Cross-Cultural Consensus Network
Meteora has been positioned as a global community consensus network since its inception, reaching a wide user base through multilingual support and localized operations.
- Multilingual Bootcamp: Supports Chinese, Spanish, Turkish, Malay, etc. The first Chinese training camp was successfully held in June 2025, with the Chinese community account @MeteoraCN responsible for content publishing, attracting coverage from Chinese crypto media such as Binance TechFlow.
- Regional Squads: In 2025, plans will be made to establish regional teams in the Asia-Pacific, Europe, Latin America, Africa, India, and North America. Each squad will have independent Discord roles, activities, and local leaders, competing for participation through leaderboards. For example, MeteoraMY in Malaysia has formed an active local community.
- Global Collaboration: Collaborate with Solana ecosystem projects such as Jupiter (liquidity aggregator), Orca (AI arbitrage bot development), Sanctum, Sharky, etc., to jointly hold events and expand the user base. Weekly community calls to publicly share development progress and governance resolutions, enhancing transparency.
From the perspective of global market promotion strategies, Meteora’s path is essentially equivalent to the one commonly used by Go2Mars:
- Conduct regional differentiation from basic users, focusing on targeted differentiation construction for different regions.
- Select ambassadors and the first batch of administrators from each region. Ambassadors are responsible for the influence dissemination and penetration in their respective regions, while mods are responsible for community retention.
- Use the character growth system to filter and educate core users and creative users.
Operational closed loop: selection → cultivation → solidified growth engine
The LP Army operation logic of Meteora can be summarized as three layers of collaboration:
1. Filter Genuine Participants**:** Bootcamp eliminates speculators through on-chain tasks (no less than $100 in liquidity, positive returns) and manual reviews, attracting true LPs. The Galxe task platform (e.g., “Solana Safari”) further filters active users through social tasks (following, tweeting, providing liquidity).
2. Cultivating Community Consensus**: **Discord subchannels, identity upgrades, and localized management to foster user engagement. Community tools (such as Dune dashboards, profit trackers, IL calculators) assist LPs in optimizing strategies, while weekly strategy sharing sessions and community live streams enhance interaction.
3. Solidifying Long-term Contributions**: **MET points, M3M3 staking, and DAO governance will link user behavior with token rewards, ensuring community members become long-term stakeholders of the protocol. For instance, the M3M3 mechanism mitigates memecoin selling pressure through “race staking,” encouraging long-term holding.
This closed loop integrates education, incentives, and governance, creating a behavior-driven Consensus network that avoids short-term user loss due to “airdrop and leave.”
How to use the stones from other mountains to polish jade
Go2Mars is currently trying to implement the consensus strategy of Meteora after breaking it down. If you are also a practical participant, here are some points to note:
- Ensure the professionalism of the product: The reason Meteora can build the LP Army is that the operational strategy is just a facade; the core lies in how attractive their product is to professional players. It’s crucial to have self-awareness in trading; if your product’s strength is mediocre, or if you are merely a shell application, it’s better to calmly proceed with the path of attracting users and then listing.
- Seed users determine the landing path: If your community is initially a professional Crypto player community, you can directly copy the above path. If your community is filled with scammy players, you need to first filter out this portion of active but low-quality traffic, along with some external promotion, otherwise you will face considerable obstacles.
- Community engagement is a prerequisite for executing the path: you must first activate the community’s activity level before executing the path. You can choose to mobilize your core builders for support, or you can launch external campaigns… In short, there must be engagement; otherwise, no matter how well the activities are set up, it is futile without user participation.
- Bind community incentives closely with product interaction: You must find a way to tie community incentives to the intensity of product interaction; otherwise, you will only reap a bunch of false prosperity. At the same time, the incentive system must be clearly established; if users do not recognize it, promotion will be very difficult.
I hope our research is helpful to you.
