Mastering DLMM Strategies on Meteora

Liquidity providing on @MeteoraAG had 3 different strategy shape, bid-ask, spot, and curve. As a beginner you'll probably wondering which one is the best for you and the answer is there's no best strategy.

Using the right strategy at the right time is the best strategy.

Lot of people following others strategy when they post a pnl cards, the usually ask what strategy and how much bin, they try it and well it doesn't works well.

Phase 1 - Try

When you LPing you need to try every strategy, bid-ask, spot and curve. Multihours and fast in-and-out. This will helps you to feel something and decided which risk-reward suits you, which managing time suits you.

Without trying you'll just never now when to use it in right time, even tho tons of LP Army writing tons of threads, articles, and posts about their strategy and which conditions need to be use it. But, when you trying, with your real money you'll feel the joy and sorrow, feel the dopamine when the your bins filled and the fees stacking up.

So, try every possible strategy, if you didn't know where to start try this.

1. Bid-Ask Classic

2. Bid-Ask Flip

3. Spot Tight

4. Curve Tight

5. Spot Wide

6. Bonus Stage

Those all 6 strategies is kinda fundamental to know which one suits you. Personally, i use mostly bid-ask classic, bid-ask flip and curve tight.

Phase 2 - Enhance

After you trying all of the strategies, you'll had a conclusion which strategy is the best for you since we didn't have the same free time, the same capital, and the same risk profile or risk management.

I've been LPing for 2 years and i had different strategy in each stage, when i start with 1-2 sol i'll use spot tight, but today for the whole 2 months i only use bid-ask and curve.

Lemme explain, if stacking my wins brick by brick. I manage around $30k in capital to degen-dlmm right now, so my newpair spot tight isn't works here.

I didn't have the same risk profile when i start, today i'd rather slow cook and protecting what i have, rather than risk it all because what i earn for the whole 2 years is enough for me to retire in third world country.

My speciality is bid-ask classic in a stable tokens with size and bid-ask flip in volatile tokens. My play right now is kinda sized into 1 position, aim for 3-10% per position and that's it, i mange around 1-3 positions a day.

While my agent test different strategy that clearly opposite of my own, new pair, risky play. This helps me to keep it up with the market.

So, if you find your use it everyday, u may look for others pnl cards, when you play degen and loss today you'll see another people who won in their multihours plays. When you already mastered multihours, you want fast play that someone post on X gaining your whole 1 position in a few minutes.

But for me, when you play multihours and you know which one to ignore which one to deploy, sized it, maybe your 5% in multihours is the same as 30% on avg degen player.

For example, if you size $10k and make 5%, that’s $500. Someone playing degen with a tight range puts in $1,000 and makes 30%, which is $300, and that’s before they get rugged a few times. Your 5% still beats their 30%.

The point is never compare your strategy that you've enjoy and suits you with other.

Phase 3 - Know

Knowing when to stop after you mastering a strategy is the best things. If you play multihours, you might doesn't have single position in a day because there's no token that suits your criteria.

When you play degen maybe there's no token that suits your filter. The point is knowing when to not have position is important.

Sometimes, i didn't a single position in a day and that's okay, forcing yourself to deploying a position even your inner gut and the data isn't suits your usual plays could be worst.

Phase 4 - Automation

Once you’ve mastered a strategy, refined it, and learned when to open and when to stay out, you’re ready for automation. At that point you can describe every detail of your strategy to an AI, and it’s like transferring what you’re best at into something that runs 24/7.

Look at the ones who actually made it work. I built Meridian to run DLMM positions on Meteora autonomously, and it only works because of 2 years of LPing. I knew my own rules well enough to write them down, and well enough to tell it to test the opposite of my style, so I can keep up with the market.

@EvilPanda built his bot around his own Evil Panda strat, and @friday_7th built a scalp bot around fast in-and-out plays. Three different strategies, three different bots, and none of them is a copy of someone else’s pnl card. Each one is a person’s own strategy, written down clearly enough for a machine to run.

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What transfers is the rules: the filters, the sizing, and the conditions for not deploying. Gut feeling doesn’t transfer. If your strategy lives in your head as “i just know when something feels off,” you have to turn it into a rule before an agent can use it. This is why Phase 3 matters so much. “No position today” is the hardest rule to write, and it’s the one that stops your agent from forcing trades.

From what I’ve seen, the people who automate their LP workflow and stay profitable are the ones who’ve been LPing long enough to develop their own strategy, not the ones chasing quick bucks.