Market-listing governance threshold
Meteora's assessment for RD-F-072 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Adapted for DEX context: Meteora DBC is a fully permissionless token-launch platform — any user can create a new bonding curve with zero governance threshold. This is intentional and a core product feature, but it is the direct mechanism by which TRUMP (Jan 2025), MELANIA (Jan 2025), and LIBRA (Feb 2025) tokens were launched on Meteora infrastructure, driving the memecoin-correlated TVL spike and subsequent 81% collapse. Per-pool DLMM/DAMM creation is also permissionless. Yellow: permissionless listing creates structural exposure to memecoin-launch cycles — a material economic risk for Meteora's TVL profile as demonstrated by the Jan 2025 event.
Sources #
- URLThe LIBRA Affair — TRM LabsTRM Labs: LIBRA launched on Meteora DBC with insider pre-seeded liquidity 20 minutes before public announcementretrieved 2026-05-16
- TRUMP Solana Memecoin — HeliusHelius blog: TRUMP memecoin launched via Meteora DLMM ILM (Intuitive Launchpool Model); MELANIA also launched via Meteora ILM on Jan 19 2025retrieved 2026-05-16
- What is DBC — docs.meteora.agDBC documentation: permissionless token launch with no governance threshold requiredretrieved 2026-05-16
Methodology #
Classify the governance threshold required to list a new market as: permissionless / low-threshold (team multisig) / high-threshold (DAO vote) / no new listings.
See the full factor methodology and distribution across all protocols →