Liquidity

Liquidity providers are the artisans of every market. They deposit assets into the pools that traders swap against, and in return a position may earn trading fees, $RAPH emissions, or both, depending on its pool type, staking state and current protocol configuration.

This section explains:

• basic stable and volatile pools;
• creating and managing a basic position;
• concentrated-liquidity positions and price ranges;
• fees, emissions, gauges and staking;
• pool creation and initial pricing.

APR is an estimate, never a promise

A high displayed APR is not a guaranteed return. Token prices, trading volume, vote allocation and emissions can all change, and each change reshapes the number on the screen.