Solomon Labs proposes retiring its legacy Meteora position ahead of USDv stablecoin launch with major partnerships.
DeFi & Yields ·
Solomon Labs is proposing to retire its legacy Meteora position as the stablecoin USDv approaches launch alongside major partnerships. The team aims to prepare SOLO token for expanded market demand as the product rolls out. Proposal DP-00004 would withdraw the DAO's entire single-sided Meteora position and redirect approximately 900,000 SOLO back to the Company Treasury Vault, enabling SOLO to respond more directly to emerging demand during launch.
The proposal, created on September 4, 2026, was submitted by address Jure6vLAa7rxR1kzGj49sAGVMqfJdCGgU5Kht6RTAmg. Details are available on the DAO's decision portal at metadao.fi/decisions/solomon-004.
It remains unclear whether the proposal has been voted on, whether it has passed, or what specific partnerships accompany the USDv launch.