Whats Meteora?

Meteora is a DeFi (decentralized finance) project built on the Solana blockchain. It aims to provide a suite of DeFi primitives, such as capital allocation, liquidity provision, and swaps, to help build a strong foundation for the Solana DeFi ecosystem.

The Meteora team recently introduced a new token, MET, which will be used for governance and value accrual mechanisms. They also plan to launch Dynamic Vaults and AMMs (Automated Market Makers) under the Meteora brand.

Meteora is community-owned, meaning that the project is driven by a group of dedicated users, protocols, and dApps. This collaborative approach aims to create a sustainable and decentralized yield layer for DeFi on Solana.