Description
How trading works
Trades move through pools with specific fee tiers. A provider position is unique and can stop earning fees when price moves outside its selected range. The router may split or combine routes across pools and versions.
Liquidity and risks
Total value locked alone can overstate usable liquidity. Risks include contract bugs, range management, impermanent loss, malicious tokens and network problems. V2 and V3 metrics must not be merged.
