
DegenSubh
@subham69
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/farcaster π§΅ Dive into M3M3: Meteora's Game-Changer for Memecoin Staking on Solana
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What is M3M3?
M3M3, or "meme (3,3)", is Meteora's stake-to-earn mechanism designed for memecoins. It allows top stakers to earn fee rewards from permanently-locked liquidity, incentivizing holding over dumping.
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The Problem with Memecoins
On Solana, only ~0.05% of memecoins have surpassed a $1M market cap. Many fail due to early dumping, lack of trust, and insufficient incentives for holders.
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How M3M3 Addresses This
- Top Stakers Earn Rewards: Only the top stakers (e.g., Top 100) receive fee rewards, promoting competition.
- Dynamic Competition: Falling out of the top stakers means losing rewards, encouraging consistent staking.
- Stake more to earn more, with rewards accumulating per block.
- Dual Rewards: Earn in both SOL and memecoins; SOL can be claimed immediately, while memecoins are auto-restaked.
- Cooldown Period: Unstaking requires a cooldown (minimum 6 hours), reducing sudden sell-offs. 1 reply
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