Season 2 has concluded, after running a full year from July 1, 2025 to June 30, 2026 (UTC).
This post breaks down the methodology behind how we calculated your MET allocation and other key details around Season 2. As we’ve done a thorough review for Season 2, all allocations will be deemed as final.
In Season 1, we awarded points for both fees generated and daily TVL, for DLMM and DAMM v1 pools.
In Season 2:
- We kept things simple; points are awarded only for fees generated on eligible DLMM and DAMM v2 pools (with a bonus for early activity on DAMM v2 during the Beta period).
- Limit Orders and DAMM v1 pools are not eligible.
- A total of 20 Million MET (~2% of MET Supply) from the Ecosystem Reserve have been allocated to users for the Season 2 airdrop.
Qualifying Quote Tokens
A pool only earns points if its quote token is one of these five:
| Quote token | Mint address |
|---|---|
| JupUSD | JuprjznTrTSp2UFa3ZBUFgwdAmtZCq4MQCwysN55USD |
| USDC | EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v |
| USDT | Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB |
| SOL | So11111111111111111111111111111111111111112 |
| USD1 | USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB |
If the quote token of the pair was not one of these five assets, the fees generated will earn zero points.
Points Structure
| Category | Points per $1 in fees |
|---|---|
| DLMM standard | 1,000 |
| DLMM launch pool | 200 |
| DAMM V2 standard | 1,000 |
| DAMM V2 launch pool | 200 |
| DAMM V2 beta | 2,000 |
| DAMM V2 beta launch pool | 200 |
DLMM and DAMM v2 Standard Pools followed a basic rule: 1,000 points per $1 in fees.
Points adjustments have been made to Launch Pools and DAMM v2 Beta.
Fees earned on DAMM V2 during its beta window (from launch on April 10, 2025 up to the start of Season 2 on July 1, 2025) earn 2000 points per $1 in fees. This is meant to provide a bonus to users who help bootstrap DAMM v2 usage in its early stages.
Fees earned from Launch Pools receive 200 points per $1 of fees. In Season 1, Launch Pools sat in its own separate allocation bucket. In Season 2, Launch Pools earn a smaller share of points in order to provide a fair proportion of rewards for all retail LPs.
Airdrop Distribution
- 20 Million MET, which is ~2% of supply, have been allocated to eligible wallets pro-rata based on points earned
- Our goal is to allocate MET as fairly as possible, and strike a reasonable balance between the average allocation in 2024 and the average allocation in 2025.
- MET distribution is weighted by pool type — Standard, DAMM v2 beta, Launch Pool, and all carry different rates, as set out in the points structure.
- Your share = (Your Points ÷ Total Points) × 2% of MET supply.
- Minimum requirement of 100,000 points and 10 MET to be eligible. Wallets which earned less than 10 MET forfeit their allocation, which gets redistributed to the rest of the eligible participants.
- Claim Start: 21st July 2026
- Claim Period: 21st July 2026 - 21st October 2026
- Where to Claim: Home | Meteora
Token Qualification Criteria
A token (and all associated pools) gets disqualified from points unless it passes certain criteria.
For example, we removed unverified tokens which had top ranked holders with high single ownership or high supply concentration, with mint and freeze authority enabled, or low liquidity and organic activity, or critical JupShield warnings such as “Honeypot” or “Not Sellable”.
How Token Prices are Calculated
In Season 1, prices were calculated based on the last closing price (candle) of the day.
In Season 2, prices for fees generated are taken at the time where the “Claim” event has been triggered. Both claimed and unclaimed fees have been accounted for in Season 2.
Here’s how we calculated price for claimed and unclaimed fees:
- Claimed fees are priced in USD at the moment our indexer picks up the claim event. This puts the price much closer to when you actually claimed your fees.
- Unclaimed fees are priced using historical token price data, using the closest available price at or near the snapshot time.
How Points are Calculated
- Collate all DAMM V2 and DLMM pools with the qualified quote tokens
- Sum fees per wallet, per pool, in USDC (including both claimed and unclaimed fees)
- Remove auto-blacklisted pools flagged by Meteora’s internal blacklist system
- Remove tokens that fail the token qualification criteria
- Calculate points for each wallet, based on USD fees earned, in the corresponding pool categories (Standard pool, Launch pool, DAMM v2 beta)
- Map Hawkfi’s liquidity positions to their actual liquidity position owners
- Remove blacklisted wallets
- Distribute 20M MET pro-rata across qualifying wallets
Keeping Points Clean
The quote token whitelist and the reduction of points for launch pools eliminates most low-quality activity before scoring begins. In addition, we run three blacklists in order: token, pool, then wallet.
- Token blacklist: All pools with M3M3, LIBRA and MELANIA are blacklisted and removed.
- Pool blacklist: Suspicious pools flagged by Meteora’s blacklist logic are blacklisted and removed.
- Wallet blacklist: More wallets were added to the Season 2 wallet blacklist, building upon Season 1’s already comprehensive blacklist. Additional bad actor wallets were also flagged by community security researchers like Dethective. Team treasury wallets that have interacted with DLMM or DAMM v2 have also been excluded from the points system. Removing these wallets means more of the airdrop goes to more organic users who use the product.
Two things we intentionally did not do for Season 2:
- No sybil detection. There are no flat airdrops and points are determined solely via fees earned. So splitting activity across wallets gains nothing and sybil detection isn’t required in this case.
- No wallet clustering. In Season 1, wallet clustering over-flagged many of our genuine LPs and power users, thus we removed clustering and will mainly utilize the wallet blacklist for Season 2.
This is how we calculated your points for Season 2. Congratulations to all eligible LPs - we appreciate every one of you who showed up, added liquidity, and earned fees throughout the year.
Season 2 will be the final season of the points system.
Moving forward, our focus will shift to a new and more concrete mechanism that aligns incentives across the product, MET, and the LP Army: the Referral Staking Program.
Learn more about the Referral Staking Program here:
https://x.com/MeteoraAG/status/2079206303969493487
Stake your MET: Home | Meteora