Meteora launches $1 million fund to support Solana project

Solana's ecological liquidity platform Meteora announced the establishment of the Meteora Capital Markets Fund, investing $1 million to support teams building internet capital markets on Solana and help them achieve their vision of product market consolidation and expansion. The fund aims to accelerate the development of teams using the Meteora technology stack, including tools such as Dynamic Bonding Curve and Dynamic AMM V2, providing funding and technical support to simplify the development process, focus on users and growth. The agreement fee for successful projects will be reimbursed to the fund (up to 4 times the initial capital) to continue supporting more developers. Previously, Meteora proposed to allocate 25% of MET tokens to liquidity incentives and TGE reserves.