Concentrated liquidity position management
Supports the management that concentrated liquidity requires, from setting price ranges to keeping track of your position.
Concentrated Liquidity Management
Liquidity provision,made simpler.
AXIS supports the price-range management and position adjustments that concentrated liquidity provision requires, making a hands-on process simpler to manage.
- Price range management
- Automated management & rebalancing
- Works with your wallet
Liquidity Provision
What is liquidity provision?
Liquidity provision is one of the mechanisms that make crypto asset swaps possible. Let's start with a familiar example, currency exchange, to see how it works.
- 1How swaps work
Picture exchanging yen for dollars at the airport
When a customer at an airport currency exchange swaps Japanese yen for US dollars, the counter hands over US dollars from its own reserves and takes the yen in return. In this way, a currency exchange keeps the currencies used for exchanges on hand in advance, and earns fees by providing the exchange service.
- 2The provider's role
The crypto world has a mechanism similar to an airport currency exchange.
Supplying the crypto assets used for swaps is called "liquidity provision," and those who supply them are called "liquidity providers." The supplied assets are gathered in a "liquidity pool," and swaps are carried out using those assets. An exchange that enables such swaps through programs, without a central operator, is called a "decentralized exchange (DEX)."
- 3Fee sharing
A share of the fees, based on the swaps that take place
Just as an airport currency exchange charges a fee for its service, a decentralized exchange charges a fee when crypto assets are swapped. When swaps take place in a pool to which a liquidity provider has supplied assets, the provider can receive a share of those fees according to set rules. The fees a liquidity provider receives vary depending on each position's liquidity, price range, trading activity, and other factors.
- 4Benefits and considerations
Put your assets to work, with the potential to earn fees
A key feature of liquidity provision is the potential to earn fees from trading activity while putting the crypto assets you hold to use in the swap mechanism. On the other hand, crypto prices keep moving while your assets are supplied. The mix of assets in the pool also shifts as swaps take place, so the value of your assets may increase or decrease.
Liquidity Provider
Supplies a pair of crypto assets to the pool
Liquidity Pool
Holds the assets that are used for swaps
Swaps by other users
The pool's assets are used for crypto swaps
Swap Fees
When swaps take place in the pool, a set trading fee is charged
Fee Distribution
A share of the fees goes to liquidity providers
* Fee amounts depend on trading volume and other factors, and no fees are generated when no swaps take place. The value of the supplied assets also changes with market prices.
* The currency exchange is only an analogy to aid understanding. On a DEX, swaps are carried out not by staff at a counter but by programs on the blockchain (smart contracts).
Concentrated Liquidity
What is concentrated liquidity provision?
An advanced form of liquidity provision. You choose a price range and concentrate your liquidity within it.
Set a price range
You specify a range such as "from this price to that price" and supply a pair of crypto assets.
Concentrate liquidity in a price band
Your assets are focused on the price band where trading is expected to happen.
Potentially higher capital efficiency
The same amount of assets can provide more liquidity to swaps within the range, which may improve capital efficiency.
Earn fees when swaps occur in range
When the price is within your range and trades take place, you can receive a share of the swap fees.
No fees outside the range
When the price moves outside your range, that position no longer generates swap fees, and as a rule it holds only one of the two assets.
Management is required as prices move
Because prices are always moving, the position needs to be reviewed as conditions change so that it does not stay out of range.
While it offers capital-efficiency benefits, concentrated liquidity can also lead to losses from price fluctuations and impermanent loss. Before You Start →
Tap a button to move the price
When the price is In range: The position may earn swap fees
While the price is within your range, the position may earn a share of swap fees when trades take place. The position normally contains both assets, and their proportions change as the price moves.
Asset mix in the position (illustrative)
ETHUSDC
* A simplified illustration of the mechanism. It does not represent actual prices, asset mixes, or fee generation.
Live Pool Data
Take a look at a real liquidity pool
Uniswap is one of the decentralized exchanges (DEXs) where crypto assets are swapped. On Uniswap, liquidity pools are used for many different pairs of crypto assets, and reference data on trading activity and fee income is publicly available. As one example, here is the "WETH / USDC (0.3%)" pool on the Base network.
* The pair shown is only an example to illustrate how the mechanism works. AXIS does not recommend investing in any particular crypto asset, trading pair, or liquidity pool.
Public Uniswap dataNot results from using AXIS
WETH / USDC (0.3%)
Uniswap V3 / Base
- Reference APR (annualized)
- TVLTotal value deposited in the pool
- 24h volume
- 24h swap feesAmount distributed to liquidity providers
Data as of: —
The figures shown are reference information based on past trading activity and other data, and they change with market conditions. The reference APR does not represent the return of any individual liquidity position or of using AXIS, and it does not guarantee future returns. Actual returns vary depending on the price range, trading activity, costs, changes in asset prices, and other factors, and losses may occur.
The reference APR annualizes the most recent 24 hours of activity and does not mean that this level will continue.
Method: The reference APR is an approximate annualized figure based on the pool's swap fees over the most recent 24 hours and its TVL. It does not represent the return of any individual position, the performance of using AXIS, or future returns. Swap fees are calculated as 24h volume × the 0.3% fee rate, minus the protocol fee share confirmed on-chain. Data is updated about every 10 minutes. Figures may differ slightly from those shown on Uniswap's website due to differences in data sources and timing.
About AXIS
What is AXIS?
Concentrated liquidity provision requires setting a price range and managing the position as prices move.
AXIS is a service designed to support that management.
Automated management & rebalancing based on your settings
AXIS can automatically carry out actions such as resetting a liquidity position's price range, based on conditions set by the user.
Less manual work
Positions and fees are monitored around the clock, aiming to reduce the effort of continually handling operations yourself.
Works with your wallet
Designed to be used together with a wallet that you manage yourself, such as MetaMask.
AXIS is not an exchange
AXIS is not a decentralized exchange itself. It is a service that supports the management of concentrated liquidity provided on a decentralized exchange.
AXIS supports Uniswap V3 on the Base network.
* Automated management and rebalancing do not prevent losses or guarantee profits. Network fees and swap-related costs may apply when rebalancing.
Structure
How assets are managed
AXIS uses a management structure that combines your wallet, a Vault (smart contract), and a Uniswap liquidity position.
The structure is built on Uniswap V3 on the Base network.
STEP 1
Your Wallet
e.g. MetaMask
A crypto wallet that you manage yourself. You keep your own private key and seed phrase.
STEP 2
AXIS Management Interface
Position management support
The system that supports the management of concentrated liquidity positions.
STEP 3
Vault (Smart Contract)
Linked to your address
The Vault is a smart contract that holds and manages the liquidity position (NFT).
STEP 4
Uniswap V3 Liquidity Position
Represented as an NFT
Concentrated liquidity positions are represented as NFTs, which are held by the Vault.
Managed through a Vault
AXIS uses a structure in which liquidity positions are managed through a Vault smart contract. Before you start, we explain price fluctuations, system characteristics, and other points for you to review.
Positions are represented as NFTs
Uniswap V3 liquidity positions are represented as NFTs and held by the Vault.
Verifiable on the blockchain
Public information about wallet addresses, Vaults, and positions can be viewed on a blockchain explorer.
Structure is not a guarantee of safety
This management structure does not guarantee the safety of your assets. Losses may occur due to smart contract bugs, price fluctuations, and other factors.
Pricing
Simple pricing
Setup fee
0JPY
Membership fee
0JPY
System usage fee
Based on the swap fees generated through liquidity provision
The AXIS system usage fee is calculated based on the swap fees generated by the relevant position.
We will explain the specific rate, payment timing, and payment method before you start using the service.
* Network fees (gas) and swap-related costs may apply separately.
* You will need to provide the assets for liquidity provision yourself.
Before You Start
Before you start
Key terms to understand how AXIS works, and what to keep in mind. AXIS does not guarantee profits or principal.
What are price fluctuations?
Crypto prices change with market conditions. Likewise, during liquidity provision, the value of your assets changes depending on the type of crypto asset.
What is impermanent loss?
When crypto prices change, the value of assets supplied as liquidity can end up lower than if you had simply held the same assets.
What does "out of range" mean?
It means the market price has moved outside the price range you set. While out of range, the position does not generate swap fees.
What is a smart contract?
A mechanism (program) that automatically executes and processes agreements and transactions on the blockchain when preset conditions are met.
What are wallets and private keys?
A wallet is software for managing crypto assets, and the private key is the "key" to it. If it is lost or leaked, you may be unable to recover your assets.
What are network fees?
Fees (gas) required for operations on the blockchain. Together with swap-related costs, they may apply separately from the system usage fee.
What are stablecoins?
Crypto assets designed to track the price of the US dollar or another reference.
What are network outages?
Outages or congestion on blockchains or related services can delay operations or make them temporarily unavailable.
FAQ
Frequently asked questions
What kind of service is AXIS?
AXIS supports the price-range setting and position management involved in concentrated liquidity provision. AXIS itself is not an exchange.
How does AXIS make things easier?
Its automated management and rebalancing features, which respond to price changes, reduce the effort of constantly watching prices and adjusting your range yourself.
However, AXIS does not prevent losses or guarantee profits.
How are assets managed?
Liquidity positions are represented as NFTs and managed through a Vault smart contract linked to your address. See the "How It Works" page for details.
Are there any fees?
There is no setup fee or membership fee. A system usage fee applies, based on the swap fees generated through liquidity provision. Full pricing terms are available through our official LINE account.
Network fees (gas) and swap-related costs may also apply separately.
Can I lose money because of price changes?
Yes. Losses may occur due to crypto price fluctuations, impermanent loss, and other factors. AXIS does not guarantee profits or principal.
Are there any limits on how much I can deposit or withdraw when using AXIS?
As a general rule, AXIS does not set its own limits on the amount you can deposit or withdraw.
You carry out these operations from your own wallet. Note that network fees, the specifications of the services involved, and market conditions may result in costs or operational constraints.
Can beginners use AXIS?
Yes, beginners can use AXIS too. That said, we ask that you understand the basics of using crypto assets and wallets, as well as how the service works and what to keep in mind, and use it based on your own judgment.
If you have any questions, feel free to contact us through our official LINE account before you start.
Contact
Want to learn more about AXIS?
You can ask about how the service works, pricing, terms of use, and more through the official AXIS LINE account.
Feel free to reach out with just a question. Contacting us does not oblige you to use the service.
Service Provider