Meteora earns a share of the trading fees generated on swaps routed through its pools. These protocol fee percentages apply to the trading fee, not to the full swap notional.

Fee Distribution Logic

The pool first calculates the total trading fee for the swap. The program then splits that trading fee between LPs, market makers, limit order owners, launch partners, token creators, the protocol, and optional referral or host accounts depending on the product.

Trading Fee = LP/MM/LO/Trading Fee Share + Protocol-Side Fee

When a referral or host fee account is included, that fee is paid from the protocol-side fee:

Protocol Revenue = Protocol-Side Fee - Referral/Host Fee

Referral and host fees do not increase the total trading fee paid by the swapper. They are carved out of the protocol-side fee when the swap includes the required referral or host account.

DLMM

DLMM fees can be split between market-maker liquidity, limit-order liquidity, protocol fees, and host fees.

Fee Source	Pool Type	Protocol-Side Fee	LP/Owner Fee	Notes
MM position	Standard pools	`10%`	`90%` LP fee	Standard pool protocol share is set by the operator or preset.
MM position	Launch pools	`20%`	`80%` LP fee	Launch pools use the ILM protocol share.
Limit order	Limit-order supported pools	`50%`	`50%` limit-order owner fee	Applies to the limit-order portion of the trading fee.

DLMM swaps can include a host fee account. When present, the host fee is 20% of the eligible protocol-side fee. If no host fee account is provided, the host fee is 0.

DAMM v2

DAMM v2 applies the same protocol split to standard pools and launch pools.

Fee Source	Pool Type	Protocol-Side Fee	LP Fee
MM position	Standard pools	`20%`	`80%`
MM position	Launch pools	`20%`	`80%`

DAMM v2 swaps can include a referral token account. When present, the referral fee is 20% of the protocol-side fee. If no referral account is provided, the referral fee is 0.

For DAMM v2 compounding pools, the LP side can be split between claimable fees and auto-compounded fees after the protocol fee is removed.

DAMM v1

DAMM v1 fee distribution depends on whether the pool is constant product or stable swap.

Pool Type	Protocol-Side Fee	LP Fee	Trade Fee
Constant product standard pools	`20%`	`80%`	`0.25%`
Constant product launch pools	`20%`	`80%`	Customizable
Stable swap pools	`0%`	`100%`	`0.01%`

DAMM v1 swaps can include a referral or host fee account. When present, the referral/host fee is 20% of the protocol-side fee. If no referral or host account is provided, the referral/host fee is 0.

DBC

DBC splits bonding-curve swap fees between protocol fees and the virtual liquidity trading fee share.

Fee Source	Protocol-Side Fee	Trading Fee Share	Notes
Virtual liquidity position	`20%`	`80%`	The trading fee share is split between partner and creator according to the config’s creator trading fee percentage.

DBC swaps can include a referral token account. When present, the referral fee is 20% of the protocol-side fee. If no referral account is provided, the referral fee is 0.

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, such as SOL, USDC, MET, and other pool assets.

Meteora’s revenues are not automatically converted to stablecoins such as USDC at the moment of collection.

MET - The Backbone of a Tokenized Future

Protocol Revenues

Fee Distribution Logic

DLMM

DAMM v2

DAMM v1

DBC

Collection in Base or Quote Tokens

​Fee Distribution Logic

​DLMM

​DAMM v2

​DAMM v1

​DBC

​Collection in Base or Quote Tokens

Fee Distribution Logic

DLMM

DAMM v2

DAMM v1

DBC

Collection in Base or Quote Tokens