Strategy types

When you open a position in the dApp, you pick one of two shapes: Straight or Curved. This page explains both, plus the Full range tier and when each one tends to earn fees.

5 min readUpdated July 2026

Concentrated (Straight) A range you choose: tight for fee density, wide for reach. Full range (XYC) The classic constant-product curve, never out of range. Pegged (Curved) A width around parity for stables and liquid staking tokens.
Straight quotes inside a chosen range, Curved holds a width around parity and Full range covers every price.

Straight, in one minute

A Straight position quotes inside the price range you choose. Tighter ranges tend to earn more per unit of liquidity while price stays inside, and stop earning when it leaves. The Full range tier of Straight runs the XYC builder: the classic constant-product shape that never goes out of range.

Curved, in one minute

A Curved position is built for pairs that should hold near parity: stablecoin pairs and liquid staking tokens. You set a width around the peg instead of two prices.

Which shape for which job

Volatile pairs, active LPs
Straight with a chosen range
Low-upkeep coverage
Straight, Full range (XYC) tier
Stables & parity assets
Curved (pegged width)

The three shapes, side by side

Straight, chosen range Straight, Full range (XYC) Curved (pegged width)
When price leaves Stops quoting and waits. Nothing is liquidated Never out of range Stops quoting outside the width and accumulates the weaker asset
Fee density Highest inside a tight range Lowest: liquidity is spread across every price High near parity, tuned by the width
Upkeep Watch the range as price moves Low: no range to watch Low while the peg holds
Typical pairs Volatile pairs like ETH/USDC Long-tail tokens and low-upkeep coverage USDC/USDT and ETH liquid-staking tokens