Meteora, a Solana-based protocol, has unveiled DLMM Pro, a new automated market maker designed to give token teams greater control over their launch conditions. The offering combines dynamic fees, liquidity positions represented as NFTs, and lower setup costs.
DLMM Pro builds on Meteora's existing Dynamic Liquidity Market Maker, which organizes liquidity into discrete price bins and adjusts fees based on volatility. The new product retains these core mechanics while introducing configurable launch markets.
Key Features
Token teams can now customize three primary elements:
- Initial liquidity distribution and shaping when markets open
- Market open mechanics and parameters governing when trading begins
- Dynamic fee structures that decrease as markets mature
Higher fees during launch periods compensate liquidity providers for the volatility risk of new markets, while lower fees attract traders as conditions stabilize. DLMM Pro integrates Meteora's Dynamic Bonding Curve mechanism, allowing projects to transition from launch to ongoing liquidity without migrating pools. Each LP position is tracked as a unique NFT.
Protocol Background
The DLMM protocol has historically handled hundreds of billions in cumulative trading volume. Meteora launched its MET token on October 23, 2025, with a fixed supply of 1 billion tokens and approximately 48% circulating at launch. MET provides revenue sharing through staking and referrals.
DLMM Pro is currently available through a waitlist, indicating a staged rollout rather than immediate broad access.
