Meteora earns a share of the trading fees generated on swaps routed through its pools. These fees constitute the protocol’s revenue. The specific “Take Rate” (the percentage of the trading fee that goes to the protocol) varies depending on the pool type.
Fee Distribution logic
Conceptually, the Total Swap Fee paid by a user is split between the liquidity providers (or launch partners) and the Meteora Protocol.
DLMM + DAMM pools
Trading Fees = LP Fees + Protocol Revenues
DBC pools
Trading Fees = Launch Partner Fees + Token Creator Fees + Protocol Revenues
| Pool Type | Fee Model | LP’s Share | Protocol Revenues |
|---|
| DAMM v1 | Base Only | 80% | 20% |
| DAMM v2 | Base + Dynamic | 80% | 20% |
| DLMM | Base + Dynamic | 95% | 5% |
| DBC | Base + Dynamic | 80% (Launch Partner + Token Creator Share) | 20% |
It is important to understand that Meteora’s revenues are not automatically converted to stablecoins (USDC) at the moment of collection.
Collection in Base or Quote Tokens
Revenues are derived from swap fees, which are collected in the tokens currently being swapped. Therefore, Meteora accumulates a diverse basket of Base and Quote tokens (e.g., SOL, USDC, MET, etc.). 
