Clanker LP Management 101

All right, we're live. So really excited today. We have Dish and Moon from the Clanker team, the OG Clanker team, and now my teammates on the Podcaster team. We're going to go over just Clanker LP management today. It's one of the questions I get asked a lot by different builders in the ecosystem, and I haven't gone through the process myself of doing LP management, and so figured a live stream would be really helpful for people that are newer to Maybe they're more focused on the builder side and they haven't been as exposed to the LP management side. So I'm going to do like a crash course today and some demos. So yeah, would love to, for those maybe that don't know you guys, if you can also introduce yourselves. Cool. Yeah. How's it going? I'm Jack Deschman, one of the devs behind Flanker. Super excited to be here to walk you through some active liquidity management. Yeah. I'm Moon Puppy. I run the Clanker socials. I do some Dune stuff and sometimes I'm tactical. So happy to walk us through this. Nice. Modest. Moon, he's been doing trench classes over the past year, kind of like just, you know, bringing us up to speed. And we're really excited to bring this to you all. This was kind of our goal, right? To have like Clanker University. So maybe this is episode two of Clanker U. Perfect. All right. So I think just to get started, I guess, how does Clanker work just from the LP side? What is the structure of it? I think a lot of builders just hear like, oh, you can launch a token on it. There's a ton of different parameters. So maybe walk through the very, very basics for people that are new. Sure. Yeah. So deploying a token on Clanker is free. And that is, that's able, we're able to do that because what happens behind the scenes is a liquidity pool is created, which is created with only, or basically you can pair it with any token. But what we deposit into the pool is just the newly created token. So as the token is minted, it's kind of, you know, minted out of thin air, created. Therefore, you know, it's basically we set a price for that token to be for sale that comes from, you know, the initial starting market cap. We can kind of get into more details about that later. But so basically, you don't have to contribute any wrapped Ethereum or any of those, you know, underlying paired token with it. Awesome. I have a bunch of questions from that, but maybe is there anything you guys want to kind of walk through or show first? I think we could, we'll, we'll draw kind of what that looks like in a moment, but I think we, I think questions are fine. Yeah. So when you say it can be paired with any token, like, I guess, what do you, what do you guys recommend as a team? Like, has it just been like, you know, a wrapped ETH pairing? What about anything pairing with like, existing tokens they already have or other tokens that they're interested in. I guess, what is the recommended structure and how do you go about doing anything else? Yeah, this is an interesting one. We've definitely seen a lot of experimentation as far as paired tokens because you can pair it with any ERC-Twenty really that you want. Something to think about though is when you think of the price of a cup of coffee or the price of a house, you don't think about it but automatically that's paired in usd why usd is like ubiquitous it's one of the most liquid things that exist today right so that's kind of like your mental model for like what you'd want to pair it with right does my pair look more like usd or does my pair look more like you know starbucks points or something like that. And maybe that makes sense. But the idea is you want to pair something in a liquid asset, basically, because you're trading this for that. You basically want to provide the best trading experience for a user. Whereas if you pair something in something that's not liquid, something that's not like ETH or Bitcoin or USDC or something like that, you now have two pieces of this uh two pieces of this like price like just moving like very fast or whatever so like if you if if your paired token is something like um yeah again like it's just something like like clanker even or something like that clanker these these are just volatile assets relative to like usdc or or wheat even or things like that so and then yeah To add on to Mood's point, what's happening behind the scenes is that if you, let's say I'm buying a token paired with Clanker, but I'm buying it with ETH, right? So in that swap, it actually has to route through multiple pools, right? So it takes that ETH, it converts it to Clanker, which is the paired token of the new token, and then it swaps for that new token. So what that can result in is higher fees. Maybe it's harder to find a route for that swap. I think, yeah, that's just kind of something to think about too, as you're exploring different pairings. Yeah, that makes a lot of sense. And I guess like for those that want to do something custom, it's not through our interface, but it's through like I guess like our SDK or what's the process? Yeah, there's a there's a few examples in the SDK where you can just kind of take a there's an example with USDC, which is six decimals. Then there's another one with eighteen decimals. um what you'll have to do there is basically you want to rearrange the uh basically the ticks to match kind of the starting market cap which is it'll depend on kind of that underlying assets current price Got it. And then I have another question. Okay. So starting market cap, like, I think I get that question a lot in terms of like, like first, like what is the starting market cap that's standard and why is that kind of the amount? Do you recommend people adjust that amount at all? Like when would someone kind of make that adjustment? So it's like, I think that a lot of people have questions around like what starting market cap really means here. Yeah. um so starting market cap is uh frankly it's arbitrary right like it's a starting point like you're just choosing some reference point like in space um but starting market cap all it really says is how much of uh this token supply can I buy essentially, is what is what you're saying. So a lower starting market cap would mean that, you know, you could buy more supply with less money versus a higher starting market cap. And that's all that's all you're really saying. Like, imagine this is like a This is like a digital storefront or something like that. Or think of a shop, right? And all you're saying is, hey, this price, the price of this thing is is four ninety five or whatever. Let's say we're selling cups of coffee or something like that. Right. I could just as easily make it ten dollars and I could just as easily make a dollar and someone might buy five cups of coffee, whereas they might buy one at ten dollars, you know. um so so that's all that's that's all this really is all you're saying is saying hey i have this inventory right this this token supply of a clanker token or something like that and i'm saying hey this is it's this is where this is where the price is gonna start the interesting thing where it gets a little bit more different than i guess like a digital storefront or whatever is you're also saying hey this will be the starting price but there actually is some like uh like like let's say let's say we have a hundred percent of the supply we're gonna put that as inventory right um you're saying from from here this starting initial market cap all the way to some insane valuation price that that's when you'll be finally sold out or whatever so so so we're selling stuff a little bit like along the way and again we'll draw this out uh in a second so you can kind of get what i'm saying yeah awesome um yeah the drawing out will help a lot um And then I think my, uh, like an audience question just came up is like, what do you see as like the biggest, like most common LP mistakes for new newcomers that is made often? um i think right so the clinker fees right are generated off of how the buys and sells right and if you launch with too high of a starting market cap like i think that like what happens is that you'll see like a chart that doesn't really move that much because there's not much of the supply that's being sold at that higher valuation um whereas you know if you launch maybe a little bit under valuation right like you can kind of see like a higher kind of like chart movement um which i think is is generally healthy right we like to kind of find that natural price discovery and if you do launch at a starting a larger starting market cap it's harder to kind of go down from that price and then this is kind of where liquidity management comes in um whereas at the high level what you'll want to do is basically provide that paired token whether it's wrapped Ethereum, underneath that starting market cap. So maybe we see this with an airdrop, right? Someone airdrops a larger percentage of supply to a group of users. And if there's no Ethereum in that pool, the wrapped ETH, they actually can't exchange those tokens for wealth. So, yeah, I think those are probably two of the things that catch people up. It's starting at a higher market cap where they don't see the token perform as well. And then the second part is just that giving away too much of that free supply. Awesome. Just to add to that, as far as like common LP pitfalls, I think Jack described like that of like from the perspective of like a deployer, right, like a token deployer or whatever. But there's like, I guess, a couple of people involved like traders in general. Something I've seen is not all not all front ends pick up all these pools. They all have different indexing capacities or whatever. It's this is just so much information, frankly, like all these tokens and stuff like that. Getting it quick is is is tough. um but just making sure that you're double checking that your pool has like sufficient liquidity or anything like that um there's a lot of tools out there um that you could at least see what the amount of liquidity usually usually like things like like deck screener coin gecko all those kind of guys will show you um the liquidity amount um but you can always check like the pool address and like little things like that uh because we have seen some people kind of like they'll spin up a pool for a token that's newly launched and it'll only have like maybe like a hundred dollars in the pool. And so someone will trade into that using some front end and they'll get slipped like ninety nine percent. So these are these are just like random things that can happen. um from the perspective of like someone actually adding and managing their own liquidity um we'll I'll again I keep saying this we'll keep drawing it but um you can be uh uh maybe setting too too narrow of a range or something like that um and and again we'll talk about like what a tick means what range means and and things like that Okay. And then I definitely want to get the visual. My last question. I mean, I have a lot of questions. My last question is like around snipers. So I get that a lot of just like, like if I'm a builder and I'm deploying a token, like how should I be thinking about snipers? Like in terms of even just like launching the token, like do I launch from a public address, a stealth address? like what is the recommendation set up there? And then like, how are we like approaching Snipers in terms of like the structure we've set up, like how do we help handle that? So anything you can share on that would be great. Yeah, so I think there's like trade-offs. I think that the first one that I'm almost more in favor of is launching with your identity, right? This should be maybe an account that's associated with your Farcaster account where it's verified it's coming from you as a user. I suggest this because what we do is we put on, there's an optional extension for a sniper tax. So what that does is basically it penalizes early buys. The timeframe can be from zero seconds to one hundred and twenty seconds. So basically, like you're able to kind of maximize the like your revenue based on your identity. um i'd that's generally my suggestion alternatives right could be if you want to have like a stealth launch um maybe you know maybe maybe the the funding isn't the biggest you know goal of yours so you you could launch from an unknown account um and then later Add that deployer account to your verified address to show as your creator. That way, you know, what we see is like a lot of these snipers are listening to social context stored on the token contract, as well as like that message sender. Um, so it's, it really kind of goes both ways, um, just depending on kind of your desired outcome there. I would say a really what Jack just kind of touched on this, a really common script that I've seen pretty much since the inception of Clanker is someone is basically listening and buying as much as they can of any token that's launched by someone that has more than I think like five hundred followers or something like that. And they're able to get there. Some people are as fast and they're hitting that. They were able to hit that in like the first block or second block or whatever. The sniper tax module stuff definitely kind of helps with that. Um, other things is just kind of thinking about like, you know, um, Jack kind of touched upon it earlier, but like, you know, that, that is kind of where you might think maybe I do want to set my initial starting market cap a little bit higher. Um, if this is like a high profile launch and stuff like that. So hopefully, cuz you can't, you, I mean, even if say we beat snipers today, someone's gonna figure out something tomorrow. Right. It's like an, a changing game. So I think that's at least like one way to potentially like make sure like, fine, someone's gonna snipe no matter what I do. let me make it a little bit more expensive for them to gain a controlling amount of the supply. Yeah, makes sense. Okay. We'd love to see some visual stuff for the visual learners. Yeah, yeah, yeah, of course. Let's get over there. And in the meantime, I'm also going to pull up Mike's comment that you guys have actually made your beds. I got called out. It might have been last stream, another stream. It might have been prof or something. I don't know. Something was like, yeah, you're going to make your bed. Perfect. We don't sleep, Mike. Don't worry. all right all right cool so this is uh the lp crash course right um so first things first let's like what we're doing is uh just in general like in liquidity uh stuff is we're quoting two assets on a curve right so we have a a price a a curve right where where this is this is token uh sorry this is token let's make this smaller this is token zero zero this is token one, right? And like token zero and token one could be like Clanker and Weath, for example, or something like that, right? And then you have this curve, and then you have this curve, right? And all we're saying is that, say, when we're here on this side of the curve, right, we have basically, you know, zero of token one, and we have all of token zero, so let's actually like even even maybe go back just to start with the let's look at like the clanker token price actually how about that gonna print screen and I'll copy it from over here right is it over here perfect okay right so uh what we're doing when we set uh any sort of like liquidity pool position or stuff like that we're basically saying let me make this can I make this smaller yes I can perfect we're basically saying hey we have some sort of uh inventory uh uh an inventory of a token right we have some sort of supply of a token right and we're saying hey um rather than just holding the token i want to make this like available to be sold i i kind of want to actually uh uh benefit from having this inventory while also like actually like some maybe like like having some control over over how I get rid of this inventory so what I can say is I say hey I want to sell stuff from basically zero dollars down here to say uh I don't know to like a million or something like that up here right so I would set a liquidity position with this range right let's say this this is this is I don't know zero and this is one million per clinker Right? And what I'm doing, what we're doing when we set like a, when like a Clanker token gets deployed, for example, it's basically setting a range like this big and it's saying, hey, I will put a hundred percent of the supply to be sold all across here, right? So the position is, has a range, range. We can think of this as like market caps. And Uniswap, they're called ticks. And I can kind of go through what the math looks like on that. But sometimes that math gives people anxiety. It's really not that crazy. It's literally just saying, hey, the lower tick is zero dollars and the higher tick is like a million or something like that. Right. So again, you have this range. and what we're setting here is we're saying this is uh when you set liquidity positions typically uh uh it's it's in amounts of both uh tokens one or token zero and token one and in this case in clanker's case we set single-sided liquidity, right? So what we're saying, when we say single sided, is that it's only going to have one type of token. And in this case, it would be the clanker token, token zero, typically. So again, you're saying, Hey, I'm going to put a hundred percent see some words. I'm going to put a hundred percent of clanker token for sale in this range right and so what do i get what do i get for doing this i get fees typically um most uniswap pools um have their own sets of fees um clanker has a couple different flavors of that but let's let's pretend that this is a this is a one percent one percent fee pool right so anytime that anyone uh uh buys or sells into this pool um basically uh uh we're we're uh the the person providing this inventory this supply is going to be getting uh uh some fees off that and into the tune of one percent I think maybe we stop for like two seconds and just kind of do a temperature check. Yeah, no, I was going to say, yeah, basically kind of like the high level here, right? since it's the single-sided at start, but what happens after a token is live, right? Like the current tick is gonna be above the initial tick. So the difference here is like when you're adding liquidity to an existing position or an existing pool, there's three options that you can do. The first one is if you just want to provide that new token, for example, a Clanker in this case, you want to set that, you want to basically set the range above the current price. That's basically saying, I'm going to give these tokens to the pool in exchange for basically you're swapping that for wet as the price eats into that position there. Inversely, let's say I just want to provide wet. Maybe I think the price is going to go down. Generally speaking, you want to provide the new token. or the Clanker token, if you generally saying, if you want the price, if you believe the price will go up, you want to put it above that current tick, which means that basically as the price goes up, it'll be swapping that Clanker for Weth inversely, right? If I want to just provide Weth and I don't have any Clanker token, and I think that, you know, the price is going to go down, I want to put that, put it below the current tick. So that way, as people sell into my position, that wealth will be converted to new tokens. Um, the third option here is that you can either do, uh, a cross range position where it overlaps with the current. Yeah, exactly. Like the current price. And basically it's going to be above and below. This is generally like a position that will stay in, like, it'll be in range when you deploy it. Um, so you'll be instantly creating or making fees off of that. Got it. And then what about like, I guess like creator buys, like How does that come into play here? I guess, what do you recommend for developers? I could hop over to the LP simulator, and we could look at how that maps up. Yeah? Yeah. Sweet. Let's see here. We'll close this up for now, right? Yeah, let's see. All right, so let's see. Okay, I've got my LP. So anyone can model this, their LPs or projected dev buys or buys after the fact, if you just go to clinker.worldslashlpsimulator. And what this is, this is pulling in our presets here. So we have the project's teneeth, which is generally the default That's going to put it at whatever I think the price of Ethereum is around three thousand. So we're looking at about thirty K starting market cap here. And here you can kind of visualize like the tokens for sale, as Moon was saying earlier. Right. Like this this band here, that's basically that's so that's specifying how many tokens are for sale at that given price. Right. So as we can see here, this first position is selling ten percent here between the prices of let's say you know around twenty seven k to about a hundred and twenty k um so basically only ten percent of that supply will be sold through that so let's say i do a a one-eighth dev buy right or the first swap comes in you know outside of sniper tax that's going to push it to about you know whether it's what was it starting at two point what was it uh twenty two twenty nine k if i do a one youth buy it's gonna push it to seventy two k and they're capturing about what are they capturing? About six percent of the supply, right? So it's cutting into that first position. If I do another one ETH deb buy, right, you're selling about nine percent. So as you add more of these, right, it was six, then three, then two percent, right? And as I kind of keep adding to this, you'll see that there's basically more of the percentage of supply sold in exchange for more Weth in the pool here. You know, if I go like that, right, then you're looking at a, you know, a one point four million dollar market cap and you're selling about forty six percent of the supply there. Nice. Yeah, this is a really helpful tool, so highly recommend for people to check it out if they have confused and like different parameters and how it affects things. Oh, and then I was going to say, so the big difference between our project configuration and just deploying a single LP position is that, right, a hundred percent of the tokens designated for this pool will be set in this, you know, this band here. So, what happens is that, right, like let's say I do another one-eighth buy, right? That's capturing nine percent off our single position pool here versus if you do the project configuration and I do a one-eighth buy, that's capturing about six percent. So, around a three percent difference there if we spread out the liquidity across different price ranges. OK, cool. I guess was there anything else back on the whiteboard drawing board? I'll switch back over to you. Yeah, it's really helpful. Thanks. So got some live feedback. Someone didn't want to see that chart displayed, so we will make up a coin for this. OK, so. talking about how what what maybe maybe some of the examples of types of liquidity that we can set that that jack was talking about so we have a a price uh classic uh price versus uh time uh graph here right this is what any chart is price over time um and that's actually so so the world of uniswap is actually pretty interesting because basically these are these are all almost like uh like kind of like option strategies um that these they mimic they have risk profiles that look very similar to uh to option strategies so so we have the price of some coin right it's uh doing well maybe it comes back down maybe and and then here here at this um uh red spot is where the current price is right so we say we have let's say we have some supply of moon right And we have an outlook that says, hey, you know what? I think that the price of some token or something like that, I think the price of that token should appreciate in the future, but it's not gonna go like straight up. It's not just gonna go like that, right? It'll take some time, but I think it'll grind up or something like that, right? And we have some supply, right? So we could set one type of position above the current price and say we put it all in and this position. Let's see if I can take this really quick. In the meantime, we're getting comments about your mustaches and it seems like people like them. So we we love that. We love that. We love that. Yeah. Thank you. We do it for you. Right. So so this is the current price, right? This is the current price and anything that we set above the current price um those will be positions that are actually like it only requires that we put in a token zero uh and it could be clanker it could be make up a token or whatever we'll call it uh um i don't know trade coin uh whatever so all our trade coin positions above this right we'll set some range from uh at least at the very least the current price or above right so we set the range current price or above to some number right and any position that we add in this range it takes all token zero uh right uh and then whereas anything below on i won't i won't uh kill everyone again all token one right and so then now we can kind of understand that third way that jack had mentioned that's like this all-encompassing should i set anything that involves both being above the current price and below the current price it'll it'll require some amounts of token zero and token one right so let's think about kind of like what we're saying with this, right? So essentially when we set like a liquidity position, especially something like this or whatever, you see this actually like in markets, like kind of regular, like traditional finance markets and stuff like that with certain types of options strategies, or you might've heard like of the term like market making, right? um but but this is a strategy that essentially is is short volatility for for my trader types or anything like that but basically you you kind of don't want this price to go there or go there right away right because then you're out of range and you're not making any fees so so we're kind of talking about like the risks now involved with with doing a strategy like this theoretically you would want you what you're doing with this range is you're kind of putting a cup over the price and you're saying hey i want the price to hang out in here for as long as possible because what does that mean that means that i'm making fees off of this right so essentially this is a strategy that is your your it's a it's a time-based strategy where you're short uh volatility right so the biggest risks uh uh i think when when it comes to setting a liquidity position are are obviously not making fees right it goes out of range it's trading down here or up here right um another one would be it's something called impermanent loss and i won't go too deep on it here but this is also actually another reason that you want to have at least one of your quote tokens be something like pretty stable like usdc or something like that basically impermanent loss happens when like both pri both things are like both the prices of each thing are moving like really crazy um uh and then there's you know there's stuff like i don't know whatever your tax jurisdiction is and like things like that or whatever that like could be like another another risk um hmm so so yeah uh uh adding on to that uh i think the the the first uh risk being out of range is probably the thing that we could do we have like the most uh agency over um so we can we we can kind of then think hey um you know if i said if i said a single-sided thing right i don't wanna i don't wanna be i don't wanna be um potentially selling my stuff too early or similar with the bottom side position, or a full range. So you've got to be careful whether you're setting too narrow of a range and stuff like that. Things to look at are like a historical price chart or whatever. So we say, hey, this is the top. This is the bottom of a chart. Setting a range somewhere around here is probably good, as opposed to just around here. um while i might make more money in fees if i set a really really tight narrow range right because what this is like a game of horseshoes whoever's like the closest with the most narrow range it's like price is right um uh gets gets the fees is providing the inventory in that specific area. So while this might make more fees here, right? Let me do a different color for that. This blue strategy might make more fees. It's very, very easy for the price to move outside of it. And thus I don't make anything. So I think just being a little bit more conservative and saying, hey, I want to make more money over time with this and setting big ranges, something like that or whatever, I think is pretty decent. And I think that's another good place to stop maybe temperature check. Yeah, I think that's really helpful. So I think it was kind of a related question. So can we adjust LP positions to keep more trading routed through our pools? So that was a question from the audience. So is that related to kind of trying to keep it in that tighter band versus the larger bands and so like if you want more trading routed like having a more conservative band yeah so jack actually go ahead i was gonna say i i think not an expert on routing but what i would say is there's two main things that they look for right is the price impact um of that swap and also the the depth of the liquidity in the pool Right. So generally what you want is the best prices, but also the best execution. So if I'd imagine that a lot of this is either it goes to the fee percentage of the pool as well as how much if the price if it's traded on a very thin pool, which doesn't have that much liquidity, the price can drastically drop, meaning like you'll just get less tokens or worse price price adjustment there. Yeah, actually, I could I could kind of show you to let me let me stop going in and out. Here, we'll talk about kind of what, who competes and how do we compete with some of this stuff. So, um, like we said earlier, the clanker pool, essentially, like like that single sided liquidity pool, it's just like all encompassing position, right? So anything Typically, this is providing the most liquidity, providing more liquidity than most other positions. Right. It's just got the most supply available to do that. Right. So by default, this should be earning fees. However, when someone comes in and says, hey, I'm going to provide liquidity, that's a little too small. I'm going to provide liquidity in this area. So blue will actually get fees over yellow but only for the amount of liquidity like only for the amount of inventory provided it's all relative to the inventory that you provide so you you provide prices like at these at each So you have these things called ticks in Uniswap. And these are, you can think of these almost as like, think of like stairs, actually. I think stairs is great. Like you're on this tick, you have this much liquidity available on this step, right? If I make the price go up, I go up one step and I remove the liquidity from the previous step. and that's that's kind of how that works right so so basically blue will get the fees for for as much liquidity as they provide on that step but again it's probably not going to be as much as yellow um just just which is fine or whatever but you'll at least get fees there because you're beating you're beating you're you're setting a more narrow range so uniswap says hey i want to use i want to use this guy i want to use this guy's liquidity first and then I'll go up here. Um, so, so, uh, um, that's again, now, now we're starting to think though, right? Like if I I'm already, if I'm the creator, this is my guy here already. Right. Do I really want to be doing this as well? am i competing against myself is it efficient these are these are all like just higher order questions or whatever that you just like kind of think about um and i think the final bit about this and like just thinking about risk or whatever like again like we said we were short volatility one thing to compare always is is what if what if i just held the coin versus lp right um i think a lot of really popular front ends i think revert.finance is one i really like um that shows you this really well um but since you're short volatility if the coin price oh god damn it if the coin price shoots up and i was lping here well i just sold all my i just sold all my tokens and the price of the each token went up like crazy right so so that to illustrate to you like what the the extreme version of this type of risk looks like um so so typically you win in in uh this scenario if it hangs out here for a long time hopefully preferably um and i think with that i think that's that's all i got yeah and i just want to touch on what this what does this mean as a creator right like if this is all set up shouldn't i be fine right but as your token grows and as people buy your token they can lp basically on those tighter cups um which impacts your fees so i believe that you know as you know active liquidity management i think that you know there's proactive steps that you can do to maximize those creator fees over time Um, and I wanted to touch on, you know, how does, how do I add LP to a, to a pool? So I want to get to that. Um, I think there was a, there was a question, um, about launching a token and buying it for thirty bucks and basically distributing it, which is a really good point, right? Because, you know, it's kind of what we started out talking about. If I airdrop thirty percent, you know, the token supply to a group of people, um, You know, they, they won't have any wet to, or, or that pair token to sell back into. So, um, yeah, I think just kind of like making sure that, you know, you don't over oversell or over, you know, airdrop, I think is important. Um, anything else, Linda, before I hop over to the swap? Love to see that. All right. So let's see. Okay. So generally I'm just gonna use Uniswap here for the front end to provide liquidity. So what you can do is you can really just search any token here, right? And basically what you can do is go to the token page. The first things you'll see is the price chart. I believe it'll be on transactions first. What you can do here is you wanna switch over to this pools tab. Basically this is showing anywhere that, you know, any market AMM that has the token for sale. What I generally like to look for is the originating pool. You can find that through the transaction hash that it was created in. But generally speaking, it will be the pool that has the total value locked or is generally the most liquid. What we can see here is also the fee tier percentages. So if you swap through this pool, you're paying one percent fees. There's other competitive pools, maybe a zero point three percent here. But what we can see is there's about eighty one thousand dollars of TVL here compared to the three point two million dollars here. so um really quick one thing to add while we're on that screen that pool apr i'm kind of talking about like that scenario again like how do i how do i quantify like what if i just held the coin versus lping basically you're saying that that by by lping it you kind of like you you're saying that you would be getting about what, what is that? Uh, uh, what was the APR at? It's like, uh, yeah, yeah. So basically you're saying that like you, you expect that Clanker won't move more than like twelve, thirteen percent, um, in some, in some period of time. So, yep. And then you can also see over here, right, like how much volume these pools have actually done. So yeah, I mean, generally speaking, this one's actually doing pretty well based on that lower fee tier percentage there. I'm just going to go to the most liquid pool here. And so in here, you can also see how much Ethereum is in the pool. Whoops. and how many clinker tokens are in the pool here too so what you're gonna want to do is click this add liquidity button um you can see select the pair and here you know generally i would say you know keeping at that that one percent um you can also spin up a new pool here But what we like to see is kind of like this. This is kind of like the meat and gravy of kind of what we're looking to do with the LP here. So we can see here that this is the current tick, which is the current price here. And what we can do, right? So this is going to be basically a double-sided LP position where I'm contributing in an amount of... clinker token and also ethereum there um let's see if i move it right below the price or above the price you can see here that i'm actually just providing that that clinker token um where you know right now it's not in position but as the price does move up i can kind of gradually increase that and also kind of related to what was moon was showing with the tighter cups here um basically right so like having it be more concentrated there would kind of maximize that although it can kind of jump out of range pretty quickly. It gives cool like price strategies here, right? So this is kind of like if it goes below fifty percent of the price or goes one hundred percent above the current price, like you can kind of just use these presets here. And what you want to do here is like basically providing you want to kind of not match these out to equilibrium where it's the same amount of Ethereum and that clinker token. So yeah, basically this will kind of show you what, what the position is looking like here. I will just go ahead and review and create and. There. And they have, you can also do, you can do this through their mobile app too, I believe. There's a lot of other, a lot of interesting other kind of like apps that you can use to provide liquidity to these pools here. um now you can see here that the position that i just created was in range um and yeah kind of like just generally that's kind of what you're looking for here um i would definitely keep an eye on this page as you know the maybe the price moves or as time goes by um what you can do too right like you can always remove this liquidity as well right so let's say i i'm just looking to withdraw all of my tokens here you can go ahead and confirm and those tokens will be sent back to me there um so yeah that's that's basically how to manage liquidity thank you that was really helpful I will definitely use this as a resource to share with people um I I think that for a lot of Builders yeah this kind of information can be like a lot so I think you guys did a good job like kind of laying out the different things to be thinking about. Anything else before we go that you wanted to make sure we bring up? Yeah, really quick. So something I touched upon earlier was that not all front ends are created equal. They're not all indexing all the same information correctly. So you understand that example happened on Clanker's B-three pool. um uniswap's front end is very good at uh picking up v three stuff uh we have noticed that sometimes it's um some some it's just hit or miss with the v four stuff so be very very careful when trading or adding liquidity to to some of these things um and just like verify that you're like on the right thing Since I've kind of noticed myself that there is just like this missing link of a good front end that consistently works for things, everything. I have an LP little like one shot prompt that you can put into any LLM and it'll either help you spit out a front end for adding and managing your own liquidity on whatever tokens you might wish but also you could probably ask it questions and stuff like that about stuff. So that'll get posted somewhere in a little bit. Yeah, well, I guess like in the reply to this live stream, we'll share just some of the resource links. And yeah, I mean, thank you guys so much for doing this. This helps me a lot. This helps a lot of builders, I'm sure. I've already had comments where people said this was useful to them. So thanks so much. Thanks for having us on and pushing us to share. I think it's super helpful. And if anyone else has questions out there about LP or anything like that, just hit us up. Cool. Awesome. Thanks. All right. Bye. Thanks for tuning in, everyone.