Meteora proposes 25% MET token allocation for liquidity rewards and TGE reserve

Solana-based decentralized exchange Meteora announced on X that it has proposed allocating 25% of its MET token supply to liquidity rewards and the token generation event (TGE) reserve, addressing concerns about engagement after the TGE. The proposal outlines that 20% of the supply will be reserved for liquidity mining rewards over the two years following the TGE, while the remaining 5% will be dedicated to liquidity provision and market-making during the TGE. This initiative aims to maintain liquidity, incentivize user participation and pave the way for future reward and stimulus programs.