Self-regulatory bodies like NASDAQ compensate market makers who provide liquidity for long-tail markets, under certain conditions. Meteora (or other AMM polatforms) should be able to use this framework in the US to incentivize liquidity provision in markets that wouldn't otherwise have enough volume by compensating market makers.
With a framework that allows market makers to self-separate into designated and undesignated entities, similar to US-based Financial Industry Regulatory Authority (FINRA) designated liquidity providers', Meteora could then establish compensation schedules for long-tail markets. This would add credibility and transparency to provided capital, and would enable MET to be used as a staking "utility" token that unlocks fee distribution to desgnated LP's.
Existing US financial market regulations such as the exemption under FINRA Rule 5250(a)(3), permit Self-Regulatory Organizations (SROs) lik