What happens
The current price starts below the selected range. You deposit the base token. When price enters the lower bound, the base token progressively converts into the quote asset.
Above the upper bound, the position is mostly or fully in the quote asset, subject to canonical Uniswap V3 math and rounding. Trading fees may accrue while trades use active liquidity.
CASHCAT example
Technical details
The full range must be strictly above the canonical pool tick at creation. The engine respects pool token orientation when mapping the user-facing price to ticks.
Contiguous rungs can weight conversion toward the beginning or the deeper end of the range. The manager records every underlying token ID in the same PositionSet.