Crescent Docs
  • Introduction
    • What is Crescent?
    • Crescent DEX
      • Market
      • Pool (Liquidity Pool)
      • Position
      • Order-book and Tick system
      • Hybrid DEX
      • Batch Matching
      • Sequential Matching
      • Multi-hop Swap(SlipLess Swap)
      • Ranged Liquidity
        • Comparison with Basic position
        • Liquidity Amplification Factor
        • Possibility of Change to a Single-Coin position
        • Multiple Positions in the Pool
      • Fee
      • Farming
        • Current Farming vs Legacy Farming
      • Market Maker Incentives
        • MarketMaker Apply / Incentive Claim
        • MarketMaker Scoring
    • Liquid Staking
      • Staking vs. Liquid Staking
      • Overview of Staking Rewards
      • Calculations for Staking Rewards
      • Liquid Staking Validator
    • Snowball (Liquid AMM)
      • Mint & Burn sb-Token
      • Reward Auction
        • How to Participate
    • Gas and Fees
    • Liquid Governance
    • Partnership
    • Crescent Derivatives
    • Crescent DEX (legacy)
      • Coin Pair
      • Liquidity Pool
      • Legacy Farming Rewards (LP Incentives)
      • New Farming Rewards (LP Incentives)
      • Orderbook and Tick System
      • Hybrid DEX
      • Batch Execution
      • Ranged Pools
      • Market Maker Incentives
        • MarketMaker Apply / Incentive Claim
        • MarketMaker Scoring
      • Synergy with Crescent Boost
  • Developer Guide
    • CLI and API
      • AMM module
        • CLI Reference
        • API Reference
      • Exchange module
        • CLI Reference
        • API Reference
      • LiquidStaking module
        • CLI Reference
        • API Reference
      • LiquidAmm module
        • CLI Reference
        • API Reference
  • Technical Guide
    • Market Maker
    • Farming Planner
  • Other Information
    • Network Configurations
    • Crescent Design Assets
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  2. Crescent DEX

Position

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Last updated 1 year ago

In the context of Crescent DEX, a "position" is a user-defined construct established by a liquidity provider intending to contribute tokens within a specific price range. The user, as the architect of this position, maintains complete control and ownership, possessing exclusive rights to inject or withdraw liquidity and to claim accrued rewards.

Liquidity providers have the flexibility to own multiple positions and can even set up positions to provide liquidity across the entire range (0 to INF) if desired. These positions serve as the fundamental units for accumulating swap fees and farming rewards. Rewards for different positions vary significantly based on their liquidity contribution, the farming plan of the associated market, and the duration of their contribution.

Each position is distinctly tied to its owner and doesn't generate a secondary product like a pool token, which was characteristic of the legacy module. With the absence of pool tokens, users are freed from the obligation of farming (staking) these tokens post-deposit. Instead, as soon as users make a deposit, they are immediately enlisted as liquidity providers and start accumulating rewards.

Positions, Pool and Market