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No whitepaper found

MET

MET · Meteora

UtilityGovernance token for Meteora — holders vote on protocol decisions.

What it is

Meteora is Solana-based liquidity infrastructure offering concentrated-liquidity AMM pools, dynamic bonding curves, vaults, and launch tooling.

Technology & consensus

Its DLMM uses discrete concentrated-liquidity bins with volatility-aware fees; DAMM v1/v2 is a constant-product AMM with NFT positions and anti-sniping features; dynamic bonding curves support token launches. Fee sharing, SDKs, and APIs target LPs and launch teams.

Token utility

The official docs reviewed in this session did not clearly define MET's utility. Third-party claims conflict: some describe governance and incentive roles, while a Kraken statement characterizes MET as a brand token with no utility. Do not treat any of these as confirmed.

Key risks & notes

No official standalone whitepaper was found or read; the summary rests on official docs. Key risks: the token-utility documentation gap, conflicting external claims, AMM risks (impermanent loss, pool concentration), and launch-tooling market risk.

Primary source

No whitepaper found. The summary below is drawn from the project’s official documentation, site, or repository instead — the substitution is disclosed, not hidden.

Research status

Classification: No whitepaper found · Researched · Source material: official project documents only.

Machine-readable summary →

👁️ Evidence dossier

Verification classClass BFORA-01 scale — verification, not a quality ranking
Claim type · Governance token
What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

MET is an SPL token on Solana associated with the Meteora liquidity protocol; the token generation event took place in October 2025. Independent exchange due diligence (Kraken, October 2025) describes MET as functioning only as a brand token without any utility, while Meteora's own governance forum contains proposals to add utility — fee discounts, staking boosts, burn auctions and DAO workgroup rewards — which remain proposals, not confirmed implemented rights. What a holder concretely owns is the token itself; any governance or utility rights are unresolved in the public record.

medium confidence

Evidence: [1] · [2] · [3]

Partially verified
Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

No underlying exists by design. No backing claim, reserve or custodian is stated for MET; it is a brand/ecosystem token, not a claim on protocol fees or assets.

high confidence

Evidence: [1]

Verified
How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

No reserves exist by design. Total supply is 1 billion MET with a published distribution across Mercurial stakeholders, LP stimulus, launch pools, ecosystem reserve and team allocations; the token is auditable on-chain as an SPL token.

medium confidence

Evidence: [1]

Verified
How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

No redemption is promised. The allocation was distributed via claim/airdrop mechanics (points, LP activity, contributions) with optional Liquidity Distributor NFT positions; nothing in the record describes an issuer redemption of MET.

high confidence

Evidence: [1] · [2]

Verified
Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

Meteora was co-founded by Ben Chow and Siong Ong per exchange due diligence. Researched 2026-09-15: no legal entity or incorporation jurisdiction for the MET issuer was identified, and no holder claim on any entity is documented.

low confidence

Evidence: [1]

Partially verified

❔ UNVERIFIED means not yet researched — not disproven. Rows marked “researched” were investigated and independent evidence was not found. Coverage expands as FORTUNA verifies. This dossier was researched 2026-09-15. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is MET (MET)?

Meteora is Solana-based liquidity infrastructure offering concentrated-liquidity AMM pools, dynamic bonding curves, vaults, and launch tooling.

What does the holder own?

MET is an SPL token on Solana associated with the Meteora liquidity protocol; the token generation event took place in October 2025. Independent exchange due diligence (Kraken, October 2025) describes MET as functioning only as a brand token without any utility, while Meteora's own governance forum contains proposals to add utility — fee discounts, staking boosts, burn auctions and DAO workgroup rewards — which remain proposals, not confirmed implemented rights. What a holder concretely owns is the token itself; any governance or utility rights are unresolved in the public record.

What is MET's verification status?

MET (MET) carries verification class B (Class B): a mix of VERIFIED and PARTIALLY VERIFIED with no UNVERIFIED and no CONTRADICTED findings. What would change it: Independent evidence closing the partially verified gaps would move it to Class A.

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