DLMM vs DAMM v2 vs DAMM v1: which Meteora pool fits you?

The short answer

If you want to steer where your tokens sit and will check on them, use DLMM. If you want to deposit and mostly forget, or you are launching a token and want to lock liquidity, use DAMM v2. Leave DAMM v1 for positions you already hold: Meteora calls it a legacy product and recommends DAMM v2 for new pools.^[1][5]

DLMM: precise, and hands-on

DLMM sorts liquidity into price bins. You pick the bins and a shape, so your tokens sit where trading happens and earn more per dollar. The price of that precision is attention: when the price leaves your bins, your position stops earning. Meteora's own guide says DLMM needs more active management than its other pools, and that DLMM liquidity can't be locked permanently because it gives no LP tokens.^[1] See What is DLMM?.

DAMM v2: simple, and built for launches

DAMM v2 is a constant-product pool, the classic design where the two token amounts multiplied together stay the same as people trade, so the price moves smoothly.^[1][2] Most pools made in the app cover every price from zero to infinity, so they never go out of range. A creator can instead fix a price range when making the pool; it can never be changed after.^[7][3]

Your position is an NFT in your wallet. Sending the NFT hands the position to someone else.^[4] Liquidity can be locked on a schedule or forever, and locked liquidity keeps earning fees.^[4] Pools can also pay up to two reward tokens, built into the pool itself.^[8]

For launches, DAMM v2 adds fee schedulers: a high starting fee that falls over time or as the price rises, which makes early bot trading expensive. Meteora's published scheduler presets start at 50% and settle at 0.25% to 6%.^[9] Fees can be paid in both tokens or only in the quote token, and part of the fees can be added back into the pool automatically.^[10][11]

DAMM v1: the original, now legacy

DAMM v1 was Meteora's first dynamic pool. It covers every price, gives fungible LP tokens, and puts each side of the pool in a Dynamic Vault that can lend idle tokens out for extra interest.^[5] Today the only active lending strategy in the vault code is Jupiter Lend, and the extra yield mainly applies to SOL, USDC and USDT.^[12][13] Its standard fee is fixed at 0.25%; stable pools charge 0.01% and give LPs the whole fee.^[14]

Which should you pick?

• You want the most fees and will check daily: DLMM, with a shape and range that fit the pair.^[1]
• You want to deposit and relax: a full-range DAMM v2 pool.^[7]
• You are launching a token: DAMM v2 or a DLMM launch pool; How token launches work compares them.
• You hold an old DAMM v1 position: it still works; there is no need to move it unless you want DAMM v2's features.^[5]