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Size Matters: How Meteora Will Multiply Solana's TVL | Ben Chow

Dec 5, 2023
Ben Chow, co-founder of Meteora and a Solana DeFi OG, discusses Meteora's 3-pronged plan to increase Solana's TVL, preventing cascading risk, Solana's DeFi competition, and tips for teams launching tokens.
01:02:07

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Deep liquidity is crucial to build confidence and trust in projects and is key to driving growth and attracting broader liquidity.
  • Meteora aims to build a strong community and protocol DAO, involving the community in token distribution and important decisions to support long-term growth and liquidity partners.

Deep dives

Growing Solana TVL and Liquidity

The main focus is on growing Solana TVL (total value locked) and liquidity. The goal is to 10x TVL and volume by driving liquidity for new tokens and attracting broader liquidity. The episode emphasizes the importance of deep liquidity to build confidence and trust in projects. The Mediora team discusses their experience with their first project, mercurifinance, and the challenges they faced. They also highlight the need for sustainability in DeFi protocols, making money from lending yields, and the role of well-designed AMMs in improving LP profitability.

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