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A range is the price interval where your position provides liquidity. Your position earns swap fees only while the pool price is inside its range.

A range has two bounds

Each range has a lower price and an upper price. While the pool price is between them, your position:
  • Earns a share of the swap fees.
  • Changes its token mix as trades move the price.
Uniswap calls this model concentrated liquidity.

Narrow and wide ranges

The width of your range controls how you earn.

Read bounds as market cap

The position form shows the bounds as Min Market Cap and Max Market Cap. Market cap is the token price multiplied by its supply. It is not the value held in the pool. The pool stores each bound as a tick. A tick is one of the fixed price steps where the pool can place liquidity.

What your position holds as price moves

This example uses a range from 0.80 to 1.20 quote tokens per EXAMPLE. The quote token is the asset that prices EXAMPLE. Fees that your position earns are separate from this liquidity. The position form shows In range if your range includes the current price. If your range is entirely above or below it, the form shows the one token you deposit, such as EXAMPLE only.

Outside your range

When the price leaves your range:
  • Your position stops earning swap fees.
  • Your position stays open and keeps its tokens.
  • You can still claim the fees that it earned before.
When the price comes back inside your range, your position earns fees again. Uniswap explains out-of-range liquidity in more detail.

Start from a preset

Presets give you a starting range. Hover over a preset to see its range. Review the bounds after you select one. Range moves each bound to a tick. Presets move the bounds outward. If you enter a bound, Range moves it to the nearest tick.

Hooks can add rules

A hook is a contract attached to a Uniswap V4 pool that can change how the pool works. A hook can add rules to the model on this page. Before you use a hooked pool, read about pools and hooks.

Next steps

  • Earning fees: learn what controls the fees that your position earns.
  • Risks: learn how price movement changes your exposure.
  • Quickstart: set a range and create your first position.