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Create an LP Position on Uniswap v3

Step 1

Create a New Position on the Uniswap App
    1.
    Go to the Uniswap App
    2.
    Click "Pool" at the top of the page
    3.
    Select "New Position"

Step 2

Select VISR-ETH Pair & Fee Tier
    1.
    Select ETH & VISR in the drop down menus
    2.
    Select Fee Tier --> 0.3% would be the most common fee tier for VISR-ETH

Step 3

Set Price Range
Select Min & Max Price
    1.
    Select a Min & Max Price (for our purposes, I chose a price ~33% below and above current price of VISR / ETH)
When making a price range decision, LPs should consider the extent to which they think prices will move over the course of their position's lifetime and their willingness to actively manage their positions (and all the costs associated with more active management).
A narrower price range has the advantage of being more capital efficient.
However, a narrower price range requires LPs to manage their liquidity on a more active basis as the market price may move outside their specified price range and may increase the price risk they take on.

Step 4

Deposit Amounts
    1.
    Select the amount of ETH or VISR that you would like to supply.
    2.
    Approve VISR
    3.
    Confirm transaction on Metamask
Transaction fees may range from $8 - $60 depending on gas fees

Step 5

Add Liquidity
    1.
    Add the liquidity
    2.
    Review transaction & select Add
    3.
    Approve transaction on Metamask wallet
After approving your transaction, you should receive a VISR-ETH LP NFT representing your ownership share of the liquidity pool at your specified price range
Last modified 5d ago