Adding leverage to a position you already have
Borrowing against a range puts cash in your account. Adding leverage puts the borrowed money back into the range. Two operations, one important difference.
Read#liquidity
13 posts
An exit that refuses to run at the wrong price
A close that only executes if the price is inside a window you signed. Outside it, the transaction reverts rather than selling your position into a spike.
ReadBorrowing against a liquidity position without closing it
A Uniswap range is an asset worth borrowing against. Two operations put one in a vault and lend you money, with the position left earning fees throughout.
ReadClosing a liquidity position into a long, a short, or neither
Exiting a Uniswap position normally leaves you holding two tokens and no view. Four operations let you name the position you become instead.
ReadCollecting fees you have already earned requires borrowing money
On a leveraged Uniswap position, taking the fees you are owed needs a flash loan first. Not a quirk of ours — a consequence of what collateral means.
ReadMoving a levered range means burning it first
A Uniswap range cannot be edited, only replaced. Under leverage that means clearing the debt to burn it, and re-establishing the debt on the new one.
ReadOpening a levered range is one instruction, not five
Mint the position, move it into the vault, borrow against it, put the proceeds back in. Two operations do it, and only one of them needs a flash loan.
ReadOpening a range with one token
Uniswap V3 normally wants both sides of the pair. One operation takes a single token and works the range out on-chain from where the price is.
ReadSplitting a range down the middle was always wrong
Splitting a Uniswap range used to happen at the geometric midpoint and nowhere else. Some ranges could not be split at all, and the failure said nothing.
ReadYour swap screen tells you a price, not what routing saved you
Every quote answers what your size costs. The harder question is what size fits a cost you name — and how much of it exists only because of splitting.
ReadYou are not earning the fee tier any more
Uniswap's fee switch is on. We read all 25 pools we track from the chain: the protocol takes a quarter of the low tiers and a sixth of the 0.3%.
ReadYour Aave collateral can become a liquidity position
Collateral sitting at Aave earns the supply rate and nothing else. Two operations move it into a leveraged Uniswap range without you ever holding it.
ReadHalf of Uniswap LPs lose money. Here is how to check first.
Over half of Uniswap v3 positions finish behind once impermanent loss is counted. The advertised APY cannot tell you that. Here is the number that can.
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