Meteora, a DeFi platform on Solana, plans to allocate 25% of its MET token supply for Liquidity Rewards and TGE Reserve. The community is mostly positive about the proposal, but concerns about liquidity sufficiency at launch have been raised. The proposal includes a 20% allocation for Liquidity Rewards Reserve to incentivize liquidity providers post-TGE. Additionally, a 5% allocation is proposed for the TGE Reserve. Users have expressed mixed opinions on the adequacy of these allocations, with some suggesting higher percentages for market-making. Meteora's recent initiatives aim to refine token distribution, increase LP rewards, and allocate tokens to the Team Treasury. Despite a surge in trading volume and fees, the platform faces challenges, including a class-action lawsuit related to the LIBRA token scandal. Meteora's success and engagement are evident through fee generation and user activity. Read more AI-generated news on: https://app.chaingpt.org/news