What happens
The current price starts above the selected range. You deposit the quote asset. When price enters the upper bound, the quote asset progressively converts into the base token.
Below the lower bound, the position is mostly or fully in the base token, subject to canonical Uniswap V3 math and rounding. Trading fees may accrue while trades use active liquidity.
CASHCAT example
The prices are illustrative, not current market data or a recommendation.
Technical details
The full range must be strictly below the canonical pool tick at creation. User prices are converted using token ordering and decimals, then rounded to valid pool tick spacing.
A distribution can divide the range into contiguous rungs. Each rung receives an exact normalized share of the quote-asset deposit and becomes part of one PositionSet.