Meteora launches $1 million fund to support the Solana project

PANews reported on June 6 that Meteora, a Solana ecological liquidity platform, announced the establishment of the Meteora Capital Markets Fund, investing $1 million to support the team building an Internet capital market on Solana to help it achieve product-market fit and expand its vision. The fund aims to accelerate the development of teams using the Meteora technology stack, including tools such as Dynamic Bonding Curve, Dynamic AMM V2, and provide funding and technical support to streamline the development process and focus on users and growth. The protocol fee for successful projects will be covered by the fund (up to 4 times the initial funding) to continue to support more developers.

Previously, Meteora proposed to allocate 25% of MET tokens to liquidity incentives and TGE reserves.

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