Liquidity placed at deliberate price levels.
A ladder divides liquidity among discrete price levels. Below the reference level, bids hold the quote asset. Above it, asks hold the base asset. Swaps fill funded levels in sequence.
Each rung is a liquidity position. Its returned asset mix changes as traders buy and sell through it.
Choose the pool, allocation, reference price and number of rungs on each side. Conservative mode spaces the rungs farther apart. The elevated-volatility preview widens the spacing further.
The current workspace supports a WETH/USDG strategy preview. Amounts shown as USDG equivalent are budget calculations; they do not perform asset conversions.
| Mode | Calm spacing | Elevated spacing |
|---|---|---|
| Conservative | 0.50% | 1.50% |
| Aggressive | 0.25% | 0.75% |
The proposed operator may recenter only within the owner’s limits and a daily gas budget. It must not be able to withdraw funds. The owner must retain the ability to remove the operator.
An operator address in a local draft does not grant any permission. Production controls need enforcement in contracts, including cooldowns and price-manipulation checks.
As prices fall, bids accumulate the base token. As prices rise, asks sell it. You may end up holding more of the asset that lost value. Recentring and wider spacing do not remove this risk.