Pranave | Meteora

@0xkyle__ $MET MENTIONED!!!!

some thoughts on this: 1/ i think with this, you can make the argument to be interested in altcoins again. my clear line in the sand for when to look at altcoins again was REGULATION - when cost of creating a token wasn't free, and that there was clear demarcation of what a token was, and how it accrues value - clearly crypto participants are too jaded from buying into something that has value purely by being named after the protocol, and no real economic value 2/ obviously there's still a long way to go + some clear jurisdictions to draw. the biggest is outlining what is a digital security is. currently, it seems ambiguous - they're saying "oh a digital security = a traditional security (stock, bond, fund share) that's been put on-chain. - but that's totally useless in guiding a good amount of tokens that are transitioning into the "no equity, token only" structure that is really, the most important baseline of what we're pushing for 3/ from clauding a bit, i can see that they've defined it as: A) Digital commodities. Native, functional tokens on decentralized crypto systems. e.g BTC, ETH, SOL, XRP, ADAF B) Digital collectibles. NFTs, meme coins, art, in-game items. C) Digital tools. ENS names, event tickets, soulbound credentials. D) Stablecoins. Non-payment stablecoins may still be securities depending on the facts. E) Digital securities. Tokenized traditional securities. A security is a security regardless of format. 4/ and so for the case of altcoins, E) is what we have to focus on. Let's assume they improve on outlining what a digital security is - what would be a good definition? well you can look towards the gold standard of this industry - HYPE. A product, value accrual, and most importantly, no equity structure; that would be a good start. L1s shouldn't be considered digital securities, and under this they're not: "Native, functional tokens on decentralized crypto systems" 5/ so what does this all mean? like i said, if they outline it like how I imagine it should be outlined, you can make the case for altcoins again - in particular, those that already reflect the features of being equity-like; because ultimately, what we need are TOKENS THAT WE CAN BELIEVE IN so off the top of my head, HYPE would be the most obvious. and then maybe you have stuff like JUP / MET (also no equity, pure token) 6/ but what i think is extremely interesting, is that - assuming this definition, most "DAOs" are dead. Because frankly speaking, a "digital equity" would likely need a controlling structure, but in a "decentralized protocol", who's to call the shots? in fact you could probably make a fundamental trade idea to pick out all of these quasi-equity but would-fail-the-bar tokens, and short them 7/ and what i find even more interesting, is that if this passes, then the world of cheap token picking becomes interesting again. while HYPE is great, what i'm really interested in will be those sub 50m token projects who are building something cool, and can be considered equity. those will be the biggest beneficiaries of regulation, imo. right now, we have lots of cool projects launching, but since they're all just "tokens", we have no idea what's a scam and what isn't. by implementing this regulation, you make the hurdle higher, and so you can now buy some cheap projects that are basically equities. an example would be meteora - 150m MC, 193m in ttm fees. basically 1.X+ ttm p/e ; 8/ and this last point is why i believe you can make the argument to be interested in altcoins again. because there ARE good, cheap projects that make a ton of money, that are being incredibly discounted just because we don't know whether they're equities or not!

BREAKING: Meteora releases token metrics most DeFi projects won't touch. Float-adjusted valuation. Real cashflows. Net asset value per tradable token. $72.5M in inflows, $35.9M treasury, 24M+ $MET bought back. They're adding an investor relations portal and regular updates. This is how public companies report, just onchain. @MeteoraInside is choosing transparency over hype cycles. Watch the full DeFiance Daily breakdown 🎥

another one??? they can't keep getting away with this!!!!!

agreed, this is super sick Bedrock by Meteora x GVRN is this but for 1-man founders and early stage products. Token holders get a meaningful exposure to equity and founders get access to a much larger base of investors to raise from. end goal should be to ensure token holders don't get shafted when equity gets acquired

across team proposed a token buyout at a buyout price if this becomes a new alternative token value accrual on equity businesses, there might be reason for token holders to speculate on crypto protocols again ofc, needs to be an anticipated and somehow fair process

Applying @Kazuya_888 's framework to $MET: - ✅ Meteora has no DAO and decision making is completely in the hands of the team, the same team that built tools for LPs to generate over $1B in fees in 2025 - ✅Buybacks and more, all value accrued goes back to the token - ✅There is no equity, there is only the $MET token. We've also completed the Blockworks token transparency filing disclosing the same - ✅ The Meteora Team has been heads down shipping feature over feature designed to super charge the Meteora experience for users. Meteora will be the one place where liquidity for long tail assets will aggregate in a meaningful way. Tune in to the Token Holder Call happening Thur, 12 March 2026, 1pm UTC, we've got more updates.

@DefiIgnas Read more here x.com/wassielawyer/s…

@DefiIgnas You should check out bedrockfndn.org - its a way for founders to do exactly as you proposed, to "tokenize" equity. Its a compelling framework that will tie tokens to equity, while still preserving the equity structure, giving founders the freedom to buidl.

I dislike this Across proposal so much: converting $ACX tokens to equity. Huge failure of crypto, especially if it becomes a new trend. It feels like a betrayal of the crypto spirit: investment access for everyone, anywhere, globally. US investors under 5M ACX need accredited investor status to participate in the equity exchange. ACX stops being freely tradable on DEXs. If they ever IPO, that liquidity goes to TradFi instead. It should be the reverse: tokenize equity. That would be progress for the industry. Yet the reasons for conversion are telling: - They believe the token is undervalued - They can't do effective BD as a DAO without a legal entity The founder said: "having a token generally hurts more than it helps." I hope other DAOs won't follow them. Especially Polymarket if they skip token altogether.

Our goal is to replicate venture-style returns on-chain. Venture investing is hard. 9 out of 10 will fail. The problem is that even the 1 that succeeds rugs you. @BedrockFndn's job isn't to make all 10 succeed. it's to make sure you're not left empty-handed when one does.

Meteora's inaugural Token Holder Call is happening on Thursday, 12 March 2026, 1pm UTC, on @MeteoraAg's twitter. Read the 2025 Annual Token Holder's Report on our IR page; come prepared with questions. We look forward to having you on.

Meteora Ecosystem is for Builders Join us tomorrow at Colosseum, in San Francisco, at 6PM PDT Live demos from: @lekt8_ / Unbrowse / @unbrowse @tonyplasencia3 / Moonpay Agents / @moonpay Perks: 5 lucky IRL attendees will win Claude Pro subscriptions 🦞

Come with questions!

EasyA Kickstart is now live on @Solana! Launch, trade and back the next big idea on Solana. Say hello to idea coins 🪙

🤝 much appreciated ser

Lots of effort went into this, but just another step in the right direction here. Meteora will continue to grow into the premier destination for LPs, capital raising and ideation in 2026.

Today we publish Meteora's Annual Token Holder Report and Investor Relations page for FY2025. 2025 was a defining year for the protocol — beginning with breakthrough momentum from the TRUMP launch, through a period of significant product development that introduced DAMM v2, Dynamic Bonding Curves, and the Anti-Sniper Suite, and culminating in the $MET Token Generation Event in October. With this report, we aim to build a holder base that understands how this business works. We are introducing float-adjusted per-token metrics — a framework we believe more accurately reflects the economics of the $MET token relative to Meteora's underlying business. We introduce a float-adjusted per-token metric, one that we believe accurately reflects the state of the $MET token vis-a-vis Meteora’s business. Highlights: - Cashflows: $72.5M (Inflows), $40.5M (Outflows) - Treasury Position: $35.9M (SOL/USDC/USDT) - $MET Bought Back: 24,317,822 (2.4% of Supply) - Float: 31% of Total Supply (Actual Tradeable Tokens) - Cashflows per Float Token: $0.2342 - NAV per Float Token: $0.1159 The full report is available now on ir.meteora.ag — a dedicated Investor Relations page we are launching alongside this. Going forward, this is where all token holder communications, quarterly updates, and current data on fees, revenues, and treasury will live. Have a look and let us know what's missing. For those with questions after reading, we will be conducting our first Token Holder Call next Thursday, March 15th. Details to follow.

Through every cycle, we keep LP-ing forward. Celebrating @MeteoraIDN 🇮🇩👇 We Win Together. Meteora.

I was on holiday until 27~ hours ago, and came back online to help @realdezen do a complete review of Meteora’s processes and everything. I’m proud of this team and everything we've worked on for the past 1 year. We will keep building. Bet against us at your own risk.

Since I took over @MeteoraAG last March, we have taken insider trading risk seriously and put real safeguards in place. Meteora is a permissionless platform. And especially over the last 12 months, we’ve invested tremendous energy into making it robust and reliable enough to ensure projects can launch without any support from us personally. As a result, we often find out about launches or integrations only after they happen. As just two examples, both $NYC and $YZY, two of the biggest launches on Meteora in the past year, happened without our prior knowledge. Our energy is fully focused on building the best technology possible to power launchpads and other platforms. Our focus is not to get involved with deployers themselves. We are laser focused on what we’re uniquely best at, and that’s building great infrastructure, products, and community around LPing. Yes, we’ve seen the Polymarket. To be honest, we were as surprised as you were. So we immediately did a detailed review of the situation. After review, we remain confident in the way we handle integrations, launches, and the standards we hold ourselves to as a team. It’s been almost exactly one year since me and @0xSoju took over Meteora. When we stepped in, things were rocky. But we knew we had inherited an amazing tech platform and an even more amazing community. Every day since then, we’ve put every ounce of energy into doing things the right way for the sake of our users and the greater DeFi ecosystem. I am deeply proud of our team and what we’ve been able to accomplish so far. And I promise you this: we’re going to keep doing the same goddamn thing every day going forward too.

If you can figure out how to configure your default state to be slightly amused rather than slightly annoyed you pretty much enter God Mode