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Day 4 — Garuda Army Bootcamp Recap (Video)

Source: Meteora LP Army Bootcamp - Indonesia - Day 1 — Led by mentors Yunus, Megumi (Zero Xumi), and Mas Beng.

Introduction & Disclaimers

Mentors Yunus, Megumi, and Mas Beng introduce the first day of the Indonesian “Garuda Army Bootcamp” for Meteora. The session is purely for educational purposes and does not guarantee any airdrops, allocations, or NFTs.

Risk Warning: Yunus emphasizes that the content is not financial advice. Participants must do their own research and only invest funds they are entirely prepared to lose.

Key DeFi Terminology

Yunus breaks down essential DeFi terminology for beginners entering the DLMM ecosystem:

The Evolution: AMM to CLMM to DLMM

flowchart LR
    A["Traditional AMM"] --> B["CLMM"]
    B --> C["DLMM"]

    A1["Liquidity spread<br>across full curve"] -.-> A
    B1["Concentrated in<br>price ranges"] -.-> B
    C1["Shaped across bins<br>with zero slippage"] -.-> C

    style A fill:#888,color:#fff
    style B fill:#e68619,color:#fff
    style C fill:#2d7d46,color:#fff

Meteora V1 vs V2

Mas Beng explains the distinction between Meteora’s two AMM versions:

flowchart LR
    V1["AMM V1<br>(Traditional)"] --> V1a["Standard pool<br>mechanics"]
    V1 --> V1b["No Meteora<br>points"]

    V2["AMM V2"] --> V2a["Optimized for<br>fast-paced trading"]
    V2 --> V2b["Token launches<br>& migrations"]
    V2 --> V2c["Earns Meteora<br>points"]

    style V1 fill:#888,color:#fff
    style V2 fill:#2d7d46,color:#fff
    style V2c fill:#1473e6,color:#fff

DLMM Mechanics Deep Dive

Bins and Binsteps

Yunus explains that liquidity is stored in distinct price bins. The gap between consecutive bins is called a binstep, defining the granularity of price coverage.

flowchart TD
    A["DLMM Pool"] --> B["Bin 1<br>$95"]
    A --> C["Bin 2<br>$100<br>Active"]
    A --> D["Bin 3<br>$105"]
    A --> E["Bin 4<br>$110"]

    C --> F["Zero slippage<br>within active bin"]
    B --> G["Token side<br>below price"]
    D --> H["SOL side<br>above price"]

    style C fill:#2d7d46,color:#fff
    style B fill:#1473e6,color:#fff
    style D fill:#e68619,color:#fff
    style E fill:#e68619,color:#fff

Key properties:

Impermanent (Divergent) Loss

Yunus details how providing liquidity inherently involves divergent loss as deposited tokens swap back and forth with market movements. The primary goal of LPing is to collect enough trading fees to outpace these inherent losses.

flowchart LR
    A["LP Position"] --> B["Price Moves"]
    B --> C["Token ratio<br>shifts"]
    C --> D["Divergent Loss"]

    A --> E["Trading Volume"]
    E --> F["Fee Income"]

    D --> G{"Fees > Loss?"}
    F --> G
    G -->|"Yes"| H["Profitable"]
    G -->|"No"| I["Unprofitable"]

    style H fill:#2d7d46,color:#fff
    style I fill:#c9252d,color:#fff
    style D fill:#e68619,color:#fff
    style F fill:#2d7d46,color:#fff

Liquidity Strategies

Three Primary Distribution Shapes

Yunus covers the three main DLMM distribution shapes:

flowchart TD
    S["Spot"] --> S1["Even distribution<br>across range"]
    S --> S2["General purpose<br>Best for beginners"]

    Cu["Curve"] --> Cu1["Concentrated<br>around current price"]
    Cu --> Cu2["Best for stable pairs<br>with low volatility"]

    BA["Bid-Ask"] --> BA1["Inverse curve<br>More at edges"]
    BA --> BA2["Ideal for DCA<br>in or out"]

    style S fill:#1473e6,color:#fff
    style Cu fill:#2d7d46,color:#fff
    style BA fill:#e68619,color:#fff

Pro tip: You can stack multiple strategies in a single position — for example, mixing Bid-Ask with Spot for a hybrid approach that combines DCA exits with broad fee capture.

Live UI Walkthrough

Connecting & Finding Pools

Mas Beng leads a live demonstration of the Meteora interface:

flowchart TD
    A["Connect Wallet<br>Phantom / Solflare"] --> B["Navigate to<br>DLMM Pools"]
    B --> C{"Search for pool"}
    C -->|"By name"| D["Risk: Scam tokens<br>with same name"]
    C -->|"By CA"| E["Safe: Verified<br>contract address"]

    E --> F["Select Pool"]
    F --> G["Review pool stats<br>TVL, Volume, Fees"]

    style D fill:#c9252d,color:#fff
    style E fill:#2d7d46,color:#fff
    style A fill:#888,color:#fff

Always search by Contract Address (CA) to avoid malicious copycat tokens that impersonate legitimate projects with identical names.

Deploying a Position

Mas Beng demonstrates how to set custom price parameters and deploy liquidity:

  1. Select trading pair — Choose the pool with the right bin step for your strategy
  2. Set price parameters — Define custom minimum and maximum price for your liquidity range
  3. Choose distribution — Select Spot, Curve, Bid-Ask, or stack multiple strategies
  4. Set deposit amount — Single-sided (one token) or dual-sided (both tokens)
  5. Review and confirm — Check all parameters before signing the transaction

Risk Management & Q&A Insights

Non-Refundable Bin Rent

The mentors warn users to be careful of non-refundable rent fees when creating new bins:

flowchart LR
    A["New Token Pool"] --> B{"Bins already<br>created?"}
    B -->|"No"| C["You pay rent<br>to create bins"]
    B -->|"Yes"| D["No extra cost"]

    C --> E["Non-refundable<br>SOL fee"]

    style C fill:#c9252d,color:#fff
    style D fill:#2d7d46,color:#fff
    style E fill:#c9252d,color:#fff

When interacting with brand-new token pools, creating new bins requires a non-refundable rent fee in SOL. They suggest waiting for other LPs to create the bins first to protect your capital.

Capital Allocation Rules

The Power of Compounding

During the Q&A, Megumi emphasizes that LPing on Meteora is about steady compounding rather than getting rich quickly:

flowchart LR
    A["5-10% daily<br>target"] --> B["Consistent<br>compounding"]
    B --> C["Sustainable<br>portfolio growth"]

    D["Chase 100%+<br>pumps"] --> E["Occasional<br>big win"]
    E --> F["Frequent<br>wipeouts"]

    style A fill:#2d7d46,color:#fff
    style C fill:#2d7d46,color:#fff
    style D fill:#c9252d,color:#fff
    style F fill:#c9252d,color:#fff

Consistently targeting a 5% to 10% daily return builds wealth much more safely than gambling on high-risk meme coins. Small, consistent gains compound significantly over time.

Homework & Certification

The mentors conclude day one with a mandatory quiz. Participants must pass this quiz to advance in the bootcamp and earn the “Garuda Army Private” role in the Discord community.

Key takeaway: This bootcamp emphasizes learning by doing — theoretical knowledge must be validated through practical application and assessment before advancing.

Source: Garuda Army Bootcamp — Day 4 (YouTube)