//Meteora DAMM V1
C+

Meteora DAMM V1

Risk Score 37/100·CValue
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$21MTVL·$178MFDV·DEXWebsite →

Meteora DAMM V1 is a functional but aging component of Solana's dominant liquidity protocol. The dynamic fee model is innovative, but as a legacy pool type, users should monitor whether liquidity and security maintenance remain adequate. Consider whether newer Meteora pool types (DLMM, V2) offer better risk-adjusted returns.

Risk Breakdown

Top Risks

1

Meteora DAMM V1 is the legacy dynamic AMM pool type being superseded by DAMM V2 and DLMM — reduced development attention on V1 increases risk of unpatched vulnerabilities in older code.

2

Meteora is closely associated with Jupiter DEX and shares team overlap — reputational or operational issues with Jupiter could cascade to Meteora, and vice versa.

3

The protocol's roots as a restructured Mercurial Finance (post-FTX collapse) means it inherited operational complexity from a distressed transition period.

Frequently Asked Questions

Is Meteora DAMM V1 safe to use?
Meteora DAMM V1 receives a C+ risk grade (37/100) from Hindenrank, where lower scores indicate lower risk. Meteora DAMM V1 is a functional but aging component of Solana's dominant liquidity protocol. The dynamic fee model is innovative, but as a legacy pool type, users should monitor whether liquidity and security maintenance remain adequate. Consider whether newer Meteora pool types (DLMM, V2) offer better risk-adjusted returns. Meteora DAMM V1 is the legacy dynamic AMM pool type within Meteora, Solana's leading liquidity protocol. It uses constant product pools with dynamic fees that adjust based on market volatility. While Meteora as a whole processes over $208 billion in cumulative trading volume and maintains $800M+ in total TVL, the DAMM V1 component represents the older pool architecture being gradually superseded by DLMM and DAMM V2. The MET token launched in October 2025 with a community-first distribution (48% at launch). Meteora has been audited by Halborn, Quantstamp, and Offside Labs.
What are the main risks of using Meteora DAMM V1?
The key risks identified for Meteora DAMM V1 are: (1) DAMM V1 is the legacy pool type being superseded by newer versions — development and incentive attention may shift away. (2) Meteora's association with Jupiter DEX means both protocols' reputations are linked, creating correlated risk. (3) Dynamic fee adjustment creates novel MEV interaction patterns that could disadvantage regular LPs.
What is Meteora DAMM V1's risk score breakdown?
Meteora DAMM V1 scores 37/100 across eight risk dimensions: Mechanism Novelty: 5/15, Interaction Severity: 6/20, Oracle Surface: 1/10, Documentation Gaps: 3/10, Track Record: 8/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.
How does Meteora DAMM V1 compare to other DEX protocols?
Among 111 rated DEX protocols on Hindenrank, Meteora DAMM V1 ranks #68 by safety (lowest risk score = safest). Its 37/100 risk score and C+ grade place it in the middle tier of DEX protocols.
Has Meteora DAMM V1 ever been hacked or exploited?
Meteora DAMM V1 scores 8/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.
Last scanned 2026-02-26

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