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Every protocol here carries a dated score and the share of it backed by independently verified evidence. Where that share is still thin the assessment says so, is marked Low-signal rather than given a risk band, and holds every unevidenced category at the neutral midpoint instead of assuming it safe. Every score and its reasoning are free to read; the underlying dependency, incident and audit records are part of a plan. Each reading here is fixed at the date beside it. Re-scoring never stops, but a changed reading reaches plan holders on the day it changes rather than this page, which is what a plan is for. How a score is built, how to read one, and how the rubric was tested against real exploits are all in the methodology.

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Scores run from 0, the safest reading, to 100, the riskiest, where 50 is the neutral midpoint every unverified category is held at. Red marks a protocol scoring 50 or above, the band called Elevated: worse than neutral on the evidence gathered. Amber marks one below it, called Moderate. The boundary is fixed. It does not move as coverage grows, and it is not fitted to any backtest result.

Meteora DLMM

Meteora DLMM official site N/A

Solana

:

  • Evidence: this reading is based on 100% of the scored weight, verified against named sources. Categories without verified data are held at the neutral midpoint at their full weight, never counted as safe.
  • Validation: measured against 3 comparable incidents/controls in this protocol's TVL, age and category bucket.

Published 2026-09-25, unchanged since. Subscribers are told the day it changes.

Why this rating
Code characteristics11.3
Admin key: an unidentified controlling contract (no single key can act alone; its signers and any delay are unverified), upgradeable without a meaningful timelock.
Governance attack surface7.0
No governance token; control sits with contract unidentified rather than a vote, so decision rights are concentrated rather than capturable. The form of that key is scored separately under code characteristics.
TVL profile5.5
TVL is 87% below this protocol's own peak; TVL change (-9%) is within a stable range.
Dependency risk5.3
No bridge or oracle dependencies on record, composable with 3 other protocols. DLMM provides price data and consumes none, and the direction was established by searching Meteora's own IDL for pyth, switchboard and chainlink with zero matches; the only hardcoded program addresses in the entire IDL are SPL Token, System, Memo, the instructions sysvar and DLMM itself, so there is no external oracle, bridge or lending program referenced anywhere.
Show the evidenceTHE DYNAMIC VAULT QUESTION IS ANSWERED EXPLICITLY AND IN THE NEGATIVE, which matters because it is the obvious assumption for a Meteora product: Meteora's own DLMM page says 'Unlike DAMM pools, DLMM liquidity is not connected to Meteora's Dynamic Vaults for lending yield. DLMM liquidity is used for trading, fee capture, and pool-level incentives where available', and an IDL search for solend, kamino, marginfi, port_finance, francium, tulip, lending and dynamic_vault likewise returns nothing. So the external-lending exposure that applies to Meteora's other products does NOT apply here and no lending protocols are named. The real external-code exposure is Token-2022 transfer hooks, and it is permissioned: Meteora's own page lists supported extensions including transfer fees and metadata, and admits 'TransferHook, only when both the hook program and hook authority are revoked', with freeze-authority mints requiring review and the native Token-2022 mint rejected. At the program level the IDL defines transferHookX, transferHookY, transferHookReward, transferHookMultiReward and transferHookReferral account types passed through remainingAccountsInfo, and transfer-fee handling produced a real high-severity finding in OtterSec's review.
Bug bounty3.3
No bug bounty program on record.
Historical incidents2.2
No known own or inherited incidents as of 25 September 2026.
Audit profile2.0
15 audits on record, most recent audit is recent (<=180d); the most recent audit found 1 High and 0 Medium severity issues. This reflects code quality at the time of that audit only, not a claim that these specific issues are still unresolved today.
Team factors1.7
Doxxed team, track record: unknown.
Protocol age1.5
948 days live, past the ~1yr floor; treated the same as any older protocol, not scored progressively safer with more age.
Assets held (0)

No per-symbol breakdown of this protocol's value is published, so there is nothing to read here and nothing has been researched. For an exchange or a bridge this is usually a fact about the protocol rather than a gap: value sits in many user positions rather than in a held set of assets.

Dependencies (2)

Available with a plan. See pricing.

Incident history (0)

Available with a plan. See pricing.

Audit history (15)

Available with a plan. See pricing.

Common questions about Meteora DLMM

Foreshock's independent reading of Meteora DLMM is Moderate risk, 39.8 out of 100, as of 25 September 2026. The largest single contributor to that reading is code characteristics: admin key: an unidentified controlling contract (no single key can act alone; its signers and any delay are unverified), upgradeable without a meaningful timelock. All nine scored categories are backed by verified evidence. This published reading is fixed at that date. Re-scoring never stops, and when a reading changes it reaches plan holders on the day it changes rather than this page. Foreshock publishes the reading and the reasoning behind it. It is not a verdict on whether to use this protocol, and it is not investment advice.

Is Meteora DLMM safe?
Foreshock does not answer that as a yes or a no. Its independent reading of Meteora DLMM is Moderate risk, 39.8 out of 100, as of 25 September 2026, led by code characteristics: admin key: an unidentified controlling contract (no single key can act alone; its signers and any delay are unverified), upgradeable without a meaningful timelock. The score and the reasoning are published in full so the reading can be checked rather than trusted.
Has Meteora DLMM been audited?
15 audits on record, most recent audit is recent (<=180d); the most recent audit found 1 High and 0 Medium severity issues. This reflects code quality at the time of that audit only, not a claim that these specific issues are still unresolved today. An audit describes the code at the time it was reviewed. It is not a statement that the protocol is safe today.
Who controls Meteora DLMM?
Admin key: an unidentified controlling contract (no single key can act alone; its signers and any delay are unverified), upgradeable without a meaningful timelock. No governance token; control sits with contract unidentified rather than a vote, so decision rights are concentrated rather than capturable. The form of that key is scored separately under code characteristics.
Has Meteora DLMM been exploited before?
No known own or inherited incidents as of 25 September 2026. Foreshock records an incident against a protocol whether it originated there or was inherited from something it depends on.
When was this Meteora DLMM assessment last updated?
25 September 2026, and that date does not move on its own. A reading published here is fixed when it is published; re-scoring never stops, and a changed reading reaches plan holders on the day it changes rather than this page. Every category carries the date of the evidence behind it.
Also covered on Solana

This assessment follows Foreshock's published methodology. Exact category weights, scoring rules, thresholds, and aggregation logic are proprietary and not shown here. How to interpret this assessment

This reading will change.

This reading is fixed at the date above it, and it stays there. We keep re-scoring Meteora DLMM as the evidence moves, a new audit, a changed admin control, an incident, and this page is free to read and always will be. The updated reading is what a plan buys: you are told by email on the day it changes, instead of finding out the next time you happen to look.

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