Meteora DAMM V1

Meteora Pools is building the infrastructure for stable and pegged assets for Solana.

## Overview Meteora DAMM V1 is a decentralized automated market maker (AMM) designed specifically for Solana that focuses on the infrastructure requirements for stable and pegged assets. Rather than positioning itself as a general-purpose DEX competing with Raydium or Orca, Meteora Pools takes a specialized approach by building the technical and liquidity foundations that stablecoins, wrapped tokens, and other pegged assets require to function efficiently on Solana. The protocol exists because stablecoin and pegged asset trading introduces unique challenges that generic AMMs do not adequately