On June 6, PANews reported that Meteora, a liquidity platform within the Solana ecosystem, announced the establishment of the Meteora Capital Markets Fund, investing $1 million to support teams building internet capital markets on Solana, helping them achieve product-market fit and expand their vision. The fund aims to accelerate the development of teams using the Meteora tech stack, including tools like Dynamic Bonding Curve and Dynamic AMM V2, providing financial and technical support to simplify the development process, focusing on users and growth. The protocol fees from successful projects will replenish the fund (up to 4 times the initial capital) to continuously support more developers.
In previous news, Meteora proposed to allocate 25% of the MET tokens for liquidity incentives and TGE reserves.
