How it works
A Uniswap v4 position is a range of prices where your two tokens are available for trading. Inside that range you earn fees. Outside it you earn nothing until the price comes back or the position is re-centred.
1. You deposit
HYPE, KNTQ, or both. The position needs roughly half of its value in each token. Whatever you bring, the difference is swapped inside the pool at the 1% fee. Bringing both tokens already balanced costs nothing extra.
2. Liquidity is placed in a band
The band is ±5% around the current price, aligned to the pool's tick spacing. A tight band means your capital is concentrated where trades happen, so you earn a larger share of fees per dollar than a wide band. The trade-off is that the price leaves a tight band more often.
3. Fees accrue
Every swap that crosses your band pays 1% of its volume to liquidity providers, split in proportion to each provider's active liquidity. Fees accumulate inside the position and can be collected at any time.
4. The bot re-centres
When the price leaves the band and stays out for 20 minutes, the position is withdrawn, rebalanced to 50 / 50 through a swap, and re-opened around the new price. Re-centring immediately would be a mistake: the pool shows frequent price spikes that revert within minutes, and a bot chasing them loses most of the capital. Sixty minutes filters all of them.
Today the re-centring is a manual step from the Positions page. The automated keeper ships next; your position and your keys do not change.
5. You withdraw
Withdraw everything in one transaction. You receive HYPE and KNTQ plus the fees not yet collected. Converting back to a single token costs another 1% swap on half the value.