DeFi & Concentrated-Liquidity Glossary
Plain-English definitions of the terms you need to LP on Uniswap V3 and Robinhood Chain — concentrated liquidity, ticks, TWAP, impermanent loss, and more.
- Auto-compoundAuto-compound means automatically collecting the trading fees a position has earned and reinvesting them back into the same position, so those fees start earning fees too. It turns a linear return into a compounding one without manual claiming.
- AutomatorAn Automator is the per-user smart contract Super9MM deploys to hold and manage your Uniswap V3 liquidity position. It is non-custodial — only you can withdraw — and it exposes constrained automation functions that the keeper is allowed to call.
- Concentrated liquidityConcentrated liquidity lets a liquidity provider commit funds to a specific price range instead of the entire price curve. Within that range the position earns far more trading fees per dollar than an old-style full-range pool — but it only earns while the price stays inside the range.
- DCA (dollar-cost averaging)DCA is entering a position gradually or at a target price rather than all at once. In Super9MM, a DCA "buy the dip" order waits and only opens your Uniswap V3 liquidity position once price falls to a level you choose — so you enter on your own terms.
- Fee tierA fee tier is the percentage a pool charges on each swap, paid to liquidity providers. Uniswap V3 offers multiple tiers (0.01%, 0.05%, 0.3%, and 1% on Robinhood Chain); higher tiers suit more volatile pairs, lower tiers suit stable, high-volume pairs.
- Impermanent lossImpermanent loss is the gap between holding tokens in a liquidity position versus simply holding them in your wallet. It appears when the pooled tokens’ relative price changes, and concentrated-liquidity ranges make it sharper because your exposure shifts fast as price moves.
- KeeperA keeper is an off-chain bot that triggers on-chain automation. In Super9MM, the keeper watches your position and calls the rebalance, compound, or close functions when conditions are met — but it can only call those hard-coded functions and can never withdraw your funds.
- Non-custodialNon-custodial means you keep control of your funds — no third party holds them. In Super9MM, each user gets a personal Automator smart contract that only they can withdraw from; the automation can act on the position but can never move funds out to anyone else.
- Performance feeA performance fee is charged only on the profit a service generates, not on your deposit. Super9MM’s fee is 9% of the trading fees your position earns — never on your principal or impermanent loss — and it is hard-capped at 20% on-chain.
- Position NFTA position NFT is the token that represents ownership of a concentrated-liquidity position. On Uniswap V3, opening a position mints an NFT that records the pool, range, and liquidity; whoever holds it owns the position and its uncollected fees.
- Price rangeA price range is the lower-to-upper price band you commit liquidity to in a concentrated-liquidity pool. Your position only earns fees while the market price sits inside this band; narrower ranges earn more per dollar but exit range faster.
- PulseChainPulseChain is an EVM-compatible layer-1 blockchain (chain ID 369) with very low transaction fees. Its native token is PLS. It hosted Super9MM’s original deployment on the 9mm V3 DEX, which was decommissioned on 2026-07-14.
- Range orderA range order is a single-sided concentrated-liquidity position placed entirely above or below the current price, so it converts one token into another as price moves through it — functioning like a limit order that also earns fees along the way.
- RebalancingRebalancing is re-centering a concentrated-liquidity position’s range around the current price after it has drifted. It puts your capital back to work earning fees. Done manually it’s constant chart-watching; automation does it the moment a position goes out of range.
- SlippageSlippage is the difference between the expected price of a swap and the price actually executed, caused by price movement and limited liquidity. Automation caps slippage with a minimum-output limit so a rebalance or close can’t execute at a bad price.
- Stop-lossA stop-loss automatically closes a position into a single token when price falls to a level you set, capping downside. Super9MM’s keeper closes only at your trigger and never liquidates early; it fires precisely when a genuine drop crosses your threshold.
- SubgraphA subgraph is an indexed, queryable feed of on-chain data served over GraphQL. The Uniswap V3 subgraph exposes live pool stats — price, ticks, TVL, volume, and fees — which apps use to display and act on pool data without scanning the chain directly.
- Take-profitA take-profit automatically closes a position into a single token when price rises to a target you set. On Super9MM, the keeper can only close at your configured trigger — never early — consolidating your Uniswap V3 position into your chosen token when it’s hit.
- TickA tick is the smallest unit of price movement in a concentrated-liquidity pool. Prices are quantized to discrete ticks, and a position’s range is defined by a lower and upper tick. Each fee tier has a tick spacing that sets how granular ranges can be.
- TWAP (time-weighted average price)A TWAP is an average price measured over a window of time rather than at a single instant. Because it is expensive to move, it resists flash-loan and single-block price manipulation, which is why on-chain automation uses it as a safety reference.
- WPLS (Wrapped PLS)WPLS is the wrapped, ERC-20 version of PulseChain’s native PLS token, wrapped 1:1 so it can be used as pool liquidity. It belongs to Super9MM’s former PulseChain deployment, which was decommissioned on 2026-07-14.