My positions
Managing your LP V3 positions on the Overnight platform
Last updated
Managing your LP V3 positions on the Overnight platform
Last updated
Once you add liquidity to a pool, your positions will appear on the My Positions page. This section serves as your dashboard for viewing and managing all your active V3 positions, providing essential details for each position:
Chain: The blockchain network your position is on, such as Ethereum, Binance Smart Chain, or others, ensuring you are aware of the specific ecosystem in which you are operating.
Pool Name: The name of the liquidity pool in which your assets are staked, allowing you to easily identify your investments.
Position Size (USD): The total value of your position, expressed in USD. This figure reflects your initial investment plus any accrued rewards.
Earned: The amount of rewards or yield generated from your position, giving you insight into your investment's performance over time.
Stake Status: Indicates whether your position is currently staked (actively earning rewards) or unstaked (not earning rewards), helping you manage your liquidity effectively.
Platforms: The protocols or platforms where your position is active, offering transparency about where your assets are deployed.
From the My Positions page, you can perform the following actions:
Claim: Collect the rewards or earnings generated by your position and send them to your wallet. This action allows you to realize profits and use them as needed.
Unstake: Unstake your position from the current pool if you decide to exit the liquidity pool, enabling you to retrieve your assets.
Manage: Access detailed management options for your position, allowing for adjustments based on your investment strategy and market conditions.
To manage a specific position, click on the Manage button next to it. This action will open the detailed position page, where you can interact with your liquidity through several options:
Rebalance: Adjust the desired price range of your position by changing the Min Price and/or Max Price. This feature is crucial for optimizing your Concentrated Liquidity Pool, as it allows you to align your assets with market trends. The Transaction Route section will display the actions required to complete the rebalancing, ensuring clarity on what adjustments will be made.
Withdraw: Remove liquidity from the liquidity pool (LP) if you wish to exit your position. This action returns your staked assets to your wallet, allowing you to utilize them elsewhere.
Harvest: Claim the earned rewards from the LP and transfer them to your wallet. This process enables you to realize the profits generated by your position without fully withdrawing from the pool.
Increase: Add more liquidity to your existing position to increase your stake. This action can enhance your earning potential and solidify your position within the pool.
Merge: If you have two similar LP positions, you can select them to merge into one. This consolidation simplifies your management and can streamline your earnings.
Compound: Automatically reinvest the rewards or earnings generated by your position back into the LP to grow your stake. Compounding allows you to benefit from the power of interest on interest, accelerating your potential returns over time.
By utilizing the My Positions page and its management features, you can effectively oversee your LP V3 positions on the Overnight platform, making informed decisions to maximize your yield and investment potential.
