Sanctum’s ‘earnestness’ allocation is, frankly, a failure. The manual, subjective counting of contributions is a joke. I’ve seen well-known KOLs on Twitter promoting the project tirelessly, yet receiving no rewards, while ‘insiders’ easily obtain them. There’s a serious lack of transparency and potential insider trading here. Meteora shouldn’t tarnish its reputation with this.
Gm
Thanks for your feedback. You’re right regarding Hyperliquid but I don’t consider it a Solana based airdrop.
Regarding contributions this is a though matter indeed this is why I was suggesting a transparent work (public list of contribution types / weights / people).
And regarding the % to allocate to “contributors” maybe 2% is too high, this is mostly a placeholder for now that needs some maths (I don’t even know how many contributors we would be talking about).
I disagree with your take on Sanctum. The KOL you’re talking about was missed and ended up having his earnestness allocation after correction.
You’re right it’s a though subjects that requires transparency this is why I was suggesting a public work and list.
You know, there have been quite a few cases where rewards weren’t given, and that’s been really tough on our community culture. I’m part of this community, so I see it firsthand. Okay, let’s set that project aside for now.
Regarding the value-added contribution issue, I don’t think it’s the right fit for this particular airdrop. Instead, perhaps we could address it after the $met launch. The community could vote on the specifics, and then we could open up an application channel for these contributors. They could apply and provide solid reasons for their contributions. It’s important that this whole process is transparent, open, and carefully considered.
Brilliant proposal! This is the best message I’ve read throughout the entire discussion. I agree with everything.
My take is :
The Package was due for 2024. I would still consider having a separated snapshot.
By not separating them from the 2025 members, we are just diluting everything with the Trump and other scams tokens that peaked the fees generated for Meteora, it would only benefit those who took advantage of that momentum to outperform those who were there for a whole year before.
If you really want to dilute 2024 and 2025 together then The Early Adopter Multiplier should apply to any users and points who did DLMM in 2024 in that case.
This is what I had in mind for early adopter multiplier to avoid 2024 dilution
This is my proposal for how Meteora should normalize the points system so this airdrop isn’t a total disaster.
LP Army members should be able to associate 20-30 wallets to 1 LP Army Membership NFT. The associated wallets would then get 100x points for the airdrop.
This would then normalize the points so that all unassociated wallets would be pushed down the distribution tiers with a strong bias for real people that aren’t adding superfluous numbers of accounts in an effort to gain some sort of advantage in this airdrop.
I’ve said it before, but Meteora users are sophisticated and many individuals have surely spent the past year planning on exploiting this particular airdrop for maximum personal benefit. The easiest way being to use as many wallets as possible.
A strong push towards community with this very small step along the way will only further the teams ability to filter out the scam artists that have abused Meteora ecosystem (such as Kelsier Ventures and Fee Printor). I would love for this airdrop to be squeaky clean and fully restore the rep of Meteora.
Very good proposal
expecting a snapshot for 2025 users becasue of more dilution of points and percent looks less for 2025 users
hope to reward active users
please do tier based for 2025 users it may get benifit for active users more
it was never said 2025 users should have linear drop or any proposal like 2024 users had
please do tier with different tier system not like 100-1000-10000-100000
Gmet,
Agreeing with the proposed Amendments,
- 8-10% of points distributed in the period of Dec 2023 to Dec 2024. (Linear)
- Clear Separation between 2023-2024 and Post Trump to avoid dilution. (Double Snapshot)
- 3-5% of points distributed from Jan 2025 onwards to TGE.
- 2% to be distributed based on on-chain criteria, with a flat allocation per criteria, including early users who interacted with the protocol during the first few months.
Imagine if we had this much energy and enthusiasm channeled into producing more tools and products (Productivity).
When it comes to pumping our own bags, or preventing you from pumping yours, so many great ideas and outspoken contributors appear.
I love the Forum and Engagement. I love this LP Army and their Associates.
Great Proposal !!! UP
@soju I agree with @Tuuxxdotsol
I don’t believe it’s necessary to split the airdrop between 2024 and 2025 activity.
Take my example I have been Lping since January after Trump airdrop and I heard from many veterans saying in was much easier to LP in 2024.
In 2025 the risk to get fees its much harder, the volume is low, and there its lots of rugs.
You as protocol want users to be active and not punish them to get lower allocation.. besides airdrop was delayed thats one of the main reasons why you should not split the airdrop between 2024-2025.
I will keep DLMMing everyday so please consider us users of 2025 since we are already at month 6 and have been grinding hard.
I like proposal so much
since TGE was postponed becasue of some situatiosn which was not expected
adding 5% supply to users of 2025 is great step
as per previous points 2024 users should get 10% supply
should have been on that word
I strongly believe it’s necessary to split the airdrop between 2024 and 2025 activity
and as per data which is out so far
points in 2025 so far are 3 times more than total 2024 points
which clearly says it was easy Lping in 2025 compare to 2024
and users growth also 3 times in 2025 so far which says people started undesratnding and able to make money which was different in 2024
activity in discord now and 2024 was very different
I will keep DLMMing as much as possible and you already crea
ted a platform which rewards users by using
Never forgot people who build project from starting
All the best team
Do we have any info about the tokenomics ?
The supply, the estimated FDV, how many % allocated for the investors and who are they ?
We have so far 15% for tge, 3% launchpad, 20% team, so where is the 62% left ? Will we have different seasons ?
The 3% launchpad has been apparently approved since I saw the tweet on X today, could have as well an update here about what else changed, any info about a date ? It’s always nice to announce big numbers but we still have no info besides that numbers.
After reading all this, in addition to OG Ben’s 10% LP Stimulus Plan (jan 2024) + the 2% DAO Stimulus (feb 2024) + the teams 20% allocation discussion which includes the M3M3 2% allocation + the old MER stakeholder discussions. I really don’t think this token is ever going to drop. I feel bad for people who have been waiting since the Mercurial days, and you all still think you need MORE discussion? Is there a cut-off date? or will discussion possibly carry on until 2026 when we will need to figure out a new new new system to distribute “fairly” between the 2024, 2025, and 2026 LPers in addition to the MER holders, the M3M3 holders, Fee Printer holders, pre/post-Trump launchpad users and any other projects or people that have been wronged along the way. -GMET
10000% agree with you. It’s an endless discussion that makes every single person just trying to post and argue to make airdrop favorable to them.
If you’re talking about MER, you were prolly here during the launch. I bought MER back then via bonfida and had to hold MERPOOL. It was mid 2021, we’re in 2025 (!!!) and still nothing has came out from that after being in the best spotlight they could had in January 2025.
Stop trying to catch the PERFECT moment to drop MET, cause you missed it already. Solana was at ATH, Meteora had the most volumes ever. Move on, and do something. People will use Meteora to pool anyway and even more when volumes come back. Just find a way for people to stake MET to get some of the fees from the protocol and price of MET will follow.
Launching in January anyway would have caused the price to prolly fall like W/ME etc. Launching when things slow down and settle is the best to make things more organic than just “hype”.
Feeling the same, the debate is pretty much over here imo, so I made this proposal : Proposal: Ideas so MET token do not dump after TGE
A Proposal more about giving utility to the token so whatever happens, we are all here in the coming years and all happy.
airdrops are for bear markets imo
What type of market do you think we are in my fren