How to Get Started with CLMM LP on Alpha

CLMM LP is a feature on Bybit Alpha that allows liquidity providers (LPs) to participate in Concentrated Liquidity Market Maker (CLMM) pools and allocate their capital within specific price ranges. This approach offers greater capital efficiency and earning potential compared to traditional liquidity provision. The liquidity pools are sourced from reputable platforms such as Byreal, Raydium and Orca, and generate higher yields from trading fees within the pools.

Key Features and User Experience

• Redemption and rewards: When users redeem their investments, they'll receive their initial principal along with any earned rewards, including trading fees and incentive tokens.

• Supported currencies: Bybit Alpha supports a wide range of popular cryptocurrencies, such as SOL, bbSOL, USDT and USDC, ensuring flexibility and accessibility for all users.

• Account requirement: For security and seamless integration, Bybit Alpha is available only to users with a Unified Trading Account (UTA).

• Fees: Service and network fees apply during both investment and redemption. These fees are charged in the same currency as the initial investment, eliminating the need for currency conversion.

Here is a step-by-step guide on how to participate in CLMM LP and manage your orders.

• How to Participate in CLMM LP

• How to Invest More in an Existing Position

• How to Withdraw Liquidity and Redeem Rewards

How to Participate in CLMM LP

Step 1: Log in to the Bybit App and access Bybit Alpha in either of the following ways:

1. Tap Trade in the bottom bar. Then, tap the menu icon in the top-left corner and select Alpha.

2. Tap More on the Home page and select Alpha under the Trade section. 

Step 2: Go to the Farm tab, browse the available liquidity pools under All pools, and select one that aligns with your investment goals and risk tolerance.

Step 3: Choose your price range — this determines the range within which your liquidity will be actively utilized. CLMM LP offers three range options:

• Stable: A more conservative range designed for users who prefer lower volatility.

• Standard: A moderate range that balances potential returns with a controlled level of risk.

• Custom: A fully customizable range for experienced users who wish to have more precise control over their liquidity positions.

After selecting your desired range, tap Next.

Note: The available price ranges may vary across different pools.

Step 4: Enter the amount of cryptocurrency you wish to invest in the selected liquidity pool, then tap Invest.

Step 5: On the confirmation pop-up, review the details and confirm your order. Your funds will then begin contributing to the liquidity pool. 

You can view your order history by tapping View history or by going to Assets in the bottom bar and tapping the history icon in the top-right corner. To track active orders, go to Assets → Farm tab.

How to Invest More in an Existing Position

Step 1: Go to Assets → Farm tab to access your active orders, then find the investment order you'd like to add more funds to.

Step 2: Tap Invest More to add more funds to your existing position within that liquidity pool and potentially boost your rewards. Enter the desired amount, then tap Invest to complete the process.

How to Withdraw Liquidity and Redeem Rewards

Step 1: Go to Assets → Farm tab to view your active orders.

Step 2: Tap the Withdraw option for the order you wish to redeem. Enter the amount you'd like to redeem.

Notes:

— If you select more than 90% of your position, all liquidity will be removed.

— Your principal and any yields (excluding applicable fees) will be returned to your UTA.

— To help reduce on-chain transaction costs, yields can only be claimed after all liquidity has been removed.