Managing your waves

Everything you've built is on the Positions page, grouped by pool, newest first.

#The wave card

• Value — what the positions are worth now, in dollars where the pool has a USDC side, with the token amounts beneath.
• Fees — earned and not yet collected. Gross, and what you'd receive after Wave's share. Both from a live simulation against the chain.
• In range — how many bins the current price is inside. Only those earn.
• Range bar — where the price sits relative to your bins.
• One row per position below.

Custodied by Wave means the Wave contract holds the position NFTs for you. That's what makes one-click collect and close possible.

#Collect all fees

• One transaction sweeps fees from every bin.
• Your share goes to your wallet. Wave keeps 5% of the fees only.
• Principal stays put. Positions keep earning.
• No rush. Fees accumulate safely until you collect.

Wave's team can also trigger a collect on any wave, so earned fees are never left sitting forever. Your share always goes to you.

#Close wave

One transaction that:

• Collects fees.
• Removes liquidity from every bin.
• Burns the position NFTs.
• Sends principal plus your share of fees to your wallet.

Then the wave is finished.

• No slippage minimum on close, since you're removing liquidity, not trading.
• On a token that takes a cut on transfers, expect that cut on the way out.