DLMM pool comparator

Frequently asked

How do I pick which Meteora DLMM pool to LP into?

Paste the token mint, look at the table. The leader in each column is marked. For most LPs, the highest Fee/TVL ratio is the cleanest yield signal — it's fees earned per dollar of liquidity, the most direct comparator. Cross-check with TVL (depth of book, less impermanent loss exposure) and 24h volume (whether the pool is actually trading or just sitting). High APR alone can be a trap if it's from a few thin trades.

Is higher APR always better?

No. APR is volume × fee tier / TVL, annualized — a thin-liquidity pool with one big trade can show a 500% APR that won't recur. Fee/TVL ratio is the more stable comparator. A pool with $1M TVL and 50% APR is usually better than a pool with $50k TVL and 200% APR for any LP large enough to matter, because the larger pool's depth absorbs impermanent loss while the smaller's APR collapses the moment volume returns to baseline.

Does bin step matter when comparing pools?

It's context. Tighter bins (low bin-step) concentrate liquidity at the current price, earning more fees per LP dollar when price stays still — but the LP goes out-of-range faster. Wider bins (high bin-step) spread liquidity across more price range, earning less per dollar when price is still but staying in range longer. For volatile tokens, wider bins are usually safer; for stable pairs, tighter bins maximize yield. The comparator shows bin step so you can pick by your risk preference, not just by raw APR.

Why is one pool with $1M TVL safer than three pools with $300k each?

Single-pool depth absorbs single-trade impact better than fragmented depth. If a $50k trade hits a $1M pool, the price impact is ~5%; if it splits across three $300k pools, each takes a bigger relative hit, and you (as one LP across them) feel the IL on each. Concentrated TVL is also less likely to flash-empty if one LP withdraws. Both fragmented and concentrated have valid use cases; this is one factor in the picking decision.

What gets the 'leader' mark in each column?

The pool with the highest value in that column among all pools shown for the token. So 'TVL leader' is the deepest pool, 'volume leader' is the busiest, 'Fee/TVL leader' is the most yield-efficient. A single pool can win multiple columns; many tokens have one dominant pool that wins everything, which is its own signal.

Why is a thin pool flagged even if its APR is high?

Because the APR is unreliable. Thin pools earn high APR from sporadic trades that won't repeat consistently; meanwhile, the LP's impermanent loss exposure is large relative to the fees earned. A few hours of high APR mean little if the pool sits dead for the next week. The flag is a caution, not a refusal — sometimes a new pool is thin but launching legitimately; the flag prompts a closer look rather than blocking LP outright.

Does this include all of a token's pools?

It lists every Meteora DLMM pool for the token that's currently active in the Meteora API. Closed pools and pools on other DEXs (Raydium, Orca, Phoenix) aren't shown — this is Meteora-specific. For cross-DEX comparison, you'd need a separate aggregator view; this tool is focused on within-Meteora picking.

Should I split LP across multiple pools?

Sometimes. Splitting can reduce single-pool risk (one pool flash-dies less catastrophically) but adds bin-management overhead and dilutes your Fee/TVL on each. For a token with one dominant pool, concentrating there is usually fine. For a token with several thick pools at different bin steps, splitting between a wide-bin and a tight-bin pool can hedge price-range risk. This tool shows the options; the strategy is yours.