Meteora unveils DLMM Pro, a customizable AMM for Solana token launches
The new liquidity engine gives token teams control over launch settings, fees that taper as markets mature, and NFT-based LP positions
Meteora wants token teams to stop renting someone else’s launch template and start designing their own. The Solana-based protocol has unveiled DLMM Pro, a new automated market maker built around customizable liquidity.
The pitch covers several pieces at once: dynamic fees, LP positions represented as NFTs, and lower setup costs. For projects that have watched their launch-day markets turn chaotic, that combination matters.
Meteora opened a waitlist alongside the announcement, which suggests a staged rollout rather than a product that is fully live for everyone today.
What DLMM Pro actually does
Meteora’s existing product, the Dynamic Liquidity Market Maker (DLMM), organizes liquidity into discrete price bins. Trades that stay within a single bin execute with zero slippage, and fees adjust based on volatility.
DLMM Pro keeps those foundations in place. Concentrated liquidity, dynamic fees, and volatility-aware mechanics all carry over from the original design.
The new part is configurable launch markets. Token teams get more control over three key levers:
- Initial liquidity: how liquidity is shaped and distributed when a market first opens.
- Market open mechanics: the parameters governing how and when trading begins.
- Fee structure: dynamic fees designed to decrease as a market matures.
High fees early on can compensate LPs for the risk of trading in a brand-new, wildly volatile market. As things calm down, lower fees make the pool more attractive to regular traders.
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One pool from launch to maturity
DLMM Pro merges features from earlier DLMM versions with Meteora’s Dynamic Bonding Curve (DBC) mechanism. Projects can move from launch to ongoing liquidity without migrating pools, which removes a step that often adds friction and coordination headaches.
Teams can also choose which token their fees accrue in, and on-chain limit orders can live inside the same liquidity pool.
Rather than tracking a liquidity deposit as a generic balance, each LP position is represented by its own NFT, a unique token that records the specific setup.
Meteora’s track record and the MET token
The DLMM protocol has historically handled hundreds of billions in cumulative trading volume across its products.
The protocol also has its own token. MET launched on October 23, 2025, with a fixed supply of 1 billion tokens and approximately 48% floated at the start. MET is tied to revenue sharing through staking and referrals.
What this means for token teams, LPs, and MET holders
For token teams, DLMM Pro lets projects tune the opening conditions of their own market. For liquidity providers, customizable fees and volatility-aware mechanics could potentially boost fee capture during turbulent stretches, though that outcome depends on how widely the product is adopted once it fully launches.
For MET holders, if DLMM Pro drives more launch-driven trading, higher protocol fees could support the token’s valuation through its revenue-sharing features. Every step in that chain hinges on adoption, which is a big if for a product still sitting behind a waitlist.
The key things to track are when the waitlist converts to broad access, how many projects choose DLMM Pro for their launches, and whether fee data from those pools shows the volatility-period gains the design is built to deliver.