Providing Concentrated Liquidity (CLMM)
Last updated
Last updated
Impermanent loss may occur within CLMM pools, and there's no assurance of a positive return. It's crucial to comprehend the risks thoroughly before contributing concentrated liquidity.
Visit https://app.novadex.io/, Connect wallet and select ‘Create Concentrated Pool’ on the top right corner.
Upon linking a wallet, you can either locate the preferred pool and select 'Create Position' from the drop-down menu, or click 'Create Concentrated Pool' at the top of the screen.
After clicking on "Create Position" .
Set the price range for the position by adjusting the sliders on the graph, manually inputting the minimum and maximum prices, or utilizing the + and - buttons.
Input the deposit amounts for each token, ensuring that the amounts align with the deposit ratio indicated, which is determined by the selected price range. Select 'Preview', thoroughly review the details of the position, and subsequently click 'Confirm Deposit'.
Select 'Preview', thoroughly review the details of the position, and subsequently click 'Confirm Deposit'. And thats it, Its done !!
To review or oversee a position, navigate to 'My Pools,' where basic details are accessible in the pool drop-down. For more comprehensive information, click 'Manage.' While liquidity can be added or removed from an existing position, modifying the price range requires creating a new position
