Community LP ownership
How Liquidity Vault deposits are pooled into one community position.
Liquidity Vault deposits are pooled into one community LP position held by the program. If you own 2% of the community shares, you own a claim on 2% of that position — both the SOL and the memecoin inside it.
When you redeem, you receive your share of both assets at the pool's current ratio. If the memecoin price moved, the mix you get back will be different.
The community position is one full-range Meteora DAMM v2 position, owned by a QLP program address. Your shares are non-transferable and bound to your post-quantum position — they are not SPL tokens. Withdrawing, claiming fees and compounding each need a fresh post-quantum signature; see withdrawal security.