Hi everyone
Is there an update on the 20% allocation to $mer holders and if it still plans to be 20%? I know much of the community proposed a vesting/cliff since it’s such a huge amount compared to what LP providers are getting airdropped (only 13%)
This obviously affects TGE substantially. Wouldn’t want it to get swept under the rug and fully unlocked on day 1 because the decision makers are biased since they are also OG holders
Fully agree here.
Team avoids this question all the time but decision has to be made. Risking money and spending hundreds of hours by few hundred thousand wallet should be more valuable than being old holder. Some of the team members say “investors spend money and been waiting for 4 years now’“. Its normal to wait in this type of investment.
What isn’t normal is that there is probably less than a few thousand people who are going to share 20% of the supply. And i believe most of the tokens will be in hands of top holders so 15% in hands of 100 people is highly likely.
And there is the fact that most of the old holders is team members. Team is going to get allocation anyways.
Looking this way it’s just supply control. The thing that they wanted to avoid by constant delays and recalculations in point allocation.
We need a public discussion and voting on this situation. Not one way decisions by the team in their favour.
Totally agree, need clarification from the team as soon as possible
There should be a vesting on these tokens so that it doesn’t affect TGE, otherwise there will be a huge fud and the FDV will be very low and the fate of the token is very sad.
Sounds unfair for LP providers if it would be 20% without any locks
glad you guys (and everyone i talk to) agree. the people who’s louder in the community and has more skin in the game are the lp providers and it shows
Definitely need to reconsider the distribution, it’s not fair to current Meteora users who are creating value for both themselves and the project.
Agreed, a discussion is necessary.
I totally agree! This looks like a very unfair game from the team. Who are all these people who will get such a large part of the project tokens, maybe they are the team members?
You have built a really good project in web 3.0, keep it up, don’t make it fad with such a stupid decision
They need to at least explain why they made such a decision in the first place… and how they justify this amount of tokens to flood TGE market in one go.
Anyone can understand consequences - 90 percent of eligible active users will dump their bag immediately without even thinking that they are the "OG"s
I agree sir, I think team will touch on this issue closer to TGE
i wrote this in general chat, but it would be an insane fumble if 20% is fully unlocked at TGE
honestly would show how little the team cares about the real users and biased the decision makers are and want a bigger pie for themselves
we’ve been asking about unfairness of the $mer share for many months now, just for the conversation to be largely put aside
lets do the math:
in total in season 1 LP providers collected $885M in fees. That sounds like a lot, but in my experience on average you probably earn about 5-10% in fees of your TVL (very dependent on your niche). So conservatively thats close to $10 BILLION in TVL that was actively risked on the platform for the airdrop
these LP providers get airdropped 15% of tokens while $MET users do nothing for the last 3 years and receive 20%
I mean it’s pretty obvious how the market will look at this at TGE launch, but it’s up to us to voice our concerns and find a fair solution. I get it, they were the OGs and help kickstart the protocol, and they should be rewarded. But learn from $hype - reward the users that made what the platform is in the first place, or else it’ll be like $jup where $mer holders will just sell it all the day their allocations get unlocked. Best solution is to have a vest/cliff of their allocation over time
At this time, we kindly request the team to clarify the most accurate situation as soon as possible to alleviate users’ concerns. We value open and honest communication and look forward to providing updates.
No thanks I don’t want to get dumped on in intervals. If I have to choose, let’s do full amputation day 1. Let “them” sell hard and for cheap. People who want to dump just want to get rid of the token and cash in and usually do not have the stamina or mental investment to manage their selling, especially if it’s a big bag. UNLESS you give them a reason to come back every month or so (vesting!). These are precisely the now uninvolved people we want to sell as quickly as possible. After the amputation, project robotic limbs regeneration can begin. Give me a V shape. Obviously though, 20% would be insane and hopefully Soju and team can do some 4D chess. They perhaps even have to.
Might be time for Ben to wash clean his sins and do a final cameo appearance. To be able to retire and ascend after a final good deed. Come out of the shadows with something like “I’ve had a lot of soul searching to do after my past mistakes and regretfully apologize for spreading hopium including statements regarding MER” 
. Good Ben wanted to create a better world, lived for the people and the project. Unfortunately sometimes this included people like the “max extract” crew. Because he saw so much good in people, he had a hard time differentiating good from bad and promised everyone a lot. We love Ben, he has a warm spirit. But he would’ve possibly never done TGE. Possibly promising a total allocation of 200% out of 100% total to different groups by 2035 without a TGE date. Let’s pump the breaks on his promises.
Half joking aside, some conflicting statements were made regarding MER throughout a long period of time. Also, it seems clear to me that most people invested and contributing in Meteora today don’t even know about MER. Let alone a 20% hammer coming in. Isn’t that deceptive? There has not been enough transparency around the issue. These are not some users missing a headline. MER was and is a fine print if even that. This can’t be justified for anything over 1% allo.
There is no clean way out of this, because the matter didn’t get attention early enough. The best thing to do here is to do what is right for the future of Meteora. Everyone actually knows what this means. lfg
BUMP - putting this on everyone’s radar again since it needs to be addressed before TGE
totally agree here! full unlock is unreal and 20% is savage
