I had indeed noticed that my points were much lower than expected with the other tools that calculate points. I didn’t understand why, but now I do, thanks to your post. Like many in the LP army, I am very active in low-cap pools, which are much riskier than the larger ones. I completely agree with your post that Soju’s calculation is not fair if they do not take low caps into account. Soju, you really need to do something about this, thx for your post Spiderman .
This seems to punish the trencher’s who are likely drawn to LP’ing extremely low market cap Memecoins as they offer the highest potential for them to grow their portfolios with low capital. It also strangely favors some people in certain timezones vs others.
This kind of meme lp’ing is an entirely niche subset of crypto trading that is unique to Meteora and the LP Army. Creating the most energy, lots of tantalizing PNL post on X and the vast majority of the chat activity on the LP Army discord.
It requires huge time commitment, risk and effort and it forges life-long lp’s. Don’t punish people who’ve been grinding the trenches for over a year because it requires more work/effort to get a more granular snap shot than the daily closing price…
I know on the surface, looking at the 24H closing price seems very flawed. However, after repeatedly testing different ranges (mainly hourly closing price), we concluded this was the best.
As I’ve repeatedly tried to explain to you in DMs, there is a big reason why we used Allium Closing Price.
When we tried using Hourly closing prices, total points spiked 70-80%. This is because for many tokens, large farming operations was run by pumping & dumping tokens and generating fees in the meantime, and an hourly price system will actually lead to these people getting significantly more points.
This is even worse if you do average price of the first 30-60mins you are also very familiar that most tokens that do super well in the first hour frequently don’t last. If we applied this logic, I wouldn’t be surprised if our points inflate >300-400%, and your final airdrop is an even smaller amount.
Don’t forget that since points x airdrop is a balancing act, and the set amount of 15% will be split regardless of the number of points, these adjustments are necessary.
I know you’ve been affected more than most, and I intend to acknowledge your community contributions in the contributors.meteora.ag form, as it was built for.
Punish is quite a strong word, unfortunately there is no perfect way. My biggest regret is setting unrealistic expectations with the Fees Claimed endpoint, despite me not even being on the Meteora team when it happens.
I know it feels like you’ve been unjustly punished, but a balanced system benefits all.
I agree with this, which is why there is the contributors allocation which is used to reward such activity. I don’t want to conflate things. The points system is here to be robust, and reward points accurately, minimizing wash trading, and the contributors form is to reward other activities.
These fees go to the chain, not to the Meteora team. I wish it was 0 as well.
Howdy, howdy. I manually calculated my 2024 fees, as that was pretty easy for me to put together in a few minutes, and I tracked a 22.5% deviation in points from the value reported by the Meteora Points Checker. I anticipate that’s probably within the margin of what might be expected based on the specific methodology you’re using to calculate totals. I have a short list of pools, if you could check to see whether one might have somehow gotten blacklisted:
This is the Market Cap of tokens from the last 24 hours that launch on PF
#
Token
Market Cap
1
DIB
$573,249
2
POP
$474,854
3
GROKCHAIN
$391,224
4
PINGU
$228,626
5
soyjak
$164,329
6
CYAH
$149,529
7
FAIRYTALE
$139,198
8
MALE
$108,572
9
PROTECT
$107,234
10
W
$90,947
11
gif
$89,466
12
Mingo
$83,296
13
TROLGA
$73,122
Tokens nowdays don’t hold their MC for longer hours
Using an average price over the first 30 Minutes -1+ hours (or a weighted average during the initial pump) better rewards early LPs by reflecting the actual market conditions they helped support.
It’s about fairness
Those who jump in when things are uncertain help boost Meteora liquidity and create initial demand. If the system undervalues their contribution (like using closing prices after a dump) it discourages future early participation.
Inflation
If you afraid points will be inflate to fix this blacklist the token creators not the LPs who entered the pool and took the risk to get in early.
TLDR
The people you’re hurting the most aren’t those who leave their Pools open on tokens that are 10 million market cap over several days, it’s the early participants who take on the full risk upfront. They’re the ones entering anyone else facing the highest chance of getting rugged and yet they end up with no points or recognition at all.
Perfect, please answer another question that hasn’t been answered yet.
I would like to know if there will be allocation for those who had MER Tokens in the Wallet before the Snapshot, as it was one of the criteria defined in the Meteora project written in the WHITE PAPER, whoever read the document knows what What I’m saying…
Just read what he said, even if they count those points you would get less cause points would get inflated + it would take them more weeks/months to sort this out.
Token creators could use many wallets/bundle the shit and the others wallets would get the fees anyway so it doesn’t change anything.
I’ve made like stupid high fees on rugged tokens that would last few hours (that would 10x my points), but i don’t consider or don’t want these fees to get involved, everyone would get peanuts.
My points were reduced by 4 times (-75% avg) from the commissions earned. I only worked with super risky memes that fell to 0 by the end of the day.
Why can’t take the amount of commissions from the pool that is specified in the pool itself - Fees earned (Claimed)?
For example, I have a wallet - GecmvkoXCH5b5qhTA8yGrHuyabqq2ncmkQHVA6ZZTtNw - on which I earned $2,700 in commissions. And it received 27,000 points. That’s 100 times less than it should be.
On this wallet - BsgEwxYYind8ZuSY234CNi5ksZwVmTDDuwcRJ7ntw7Vh - I earned $2,100 in commissions. I received 385,000 points - 5.5 times less.
I’m the last person who wants to spread FUD, but when you see a 100-fold difference in points… It looks like a bug
You make no logic, If you LP any token right now it won’t last more than 2 hours (look at Spiderman table he posted from Pumpfun) you are basically getting 0 points unless you DLMM multiday tokens.
Kamino’s 2x Multiplier has also been removed and without any compensation at all? They were among the earliest supporters, yet this is how they’re treated? Such an outcome is hard to accept—it feels unjust, don’t you agree?
The whole point of trading memecoins is about uncertainty, the coin can go to zero in any second after launch and it doesn’t even mean it was created as a scam, it can die because of pvp, fake news, weak narrative etc. But the fees earned from that kind of shitcoin even it if went to zero ARE REAL. Not even mentioning the fact that most of shitcoins are based on some hyped narrative that can last few hours not even close to 24hr. The amount of fees is always the highest in first hour after launch in most cases basically because of lack of liquidity and high volume dynamic fee goes up to 10% even on high mc. In this time users who provide liquidity and the platform itself especially Meteora earns most amount of fees
I like the point that Spiderman raised about pushing Meteora liquidity
I’m always one of the first who create a pool and put decent liquidity in the first minutes of launch. Most of the coins launched on Pumpfun or Bonk are not initially using meteora liquidity pools. 0 volume goes through Meteora unless someone like me creates or joins the pool and put his money at huge risk in first minutes of launch. People who put money in those pools taking huge risks and generating huge amount of fees. Fun fact that recently it takes about 10 mins for a meteora pool to surpass raydium or pumpswap in terms of tvl and volume on a new token even those other platform pools were initial. I think it really helps Meteora to win the competition.
You’re positioning Meteora as most dynamic liquidity in crypto so why willing to significantly cut allocation for those who provide THE MOST dynamic liquidity? Actually I think you should even reward those who earned $100 of fees on 100k shitter that lived for 5 minutes more than $100 fees earned on sol-usdc pool but of course i’m not the one to decide
Team, what we can do? Maybe we’ll create a Doc with all these problem and send it directly to you? There are hunreds of wallets like this in our Community
I think there’s not much difference between using hourly closing prices and 24-hour closing prices. The total airdrop amount is fixed—if you get less, everyone else will too, so the final tokens you receive won’t differ much. My points are indeed about 20% lower than what Geekland showed, but since everyone in the community reported a similar drop, I feel it’s acceptable and not a big issue.
Soju mentioned that using hourly closing prices would allow many rule-exploiting sybils to gain a share of the tokens, and the overall points would increase by 30–40%. But in our community I have seen that most people only have about 20% fewer points compared to what Geekland showed, so I’m willing to stick with the current proposal. What I really don’t want to see is sybils who exploit the system ending up with tokens, because we took the biggest risks while they were just gaming the rules.