Reference

Glossary

Terms used across these pages and in the interface.

Terms

Term	Meaning
Depth	Total value of liquidity in a pool. Shown instead of "TVL" because it is what the number describes.
Price step	The smallest price increment a pool moves in. Fixed per fee tier.
Step size	How many raw ticks make one step in a given pool. Called tick spacing elsewhere.
In range	The current price sits between your boundaries, so the position is earning.
Out of range	The price has left your band. The position holds one token and earns nothing.
Closed	Liquidity is zero but the position token still exists, often with fees still inside.
Return	Pool fees over pool depth, annualised. Describes the pool, not your position.
Fees to providers	What the pool paid out to liquidity providers. None of it passes through Otter.
Thin	A pool with very little depth. Marked rather than hidden.
Stale	Data served from cache because the source was unavailable. Always shown with its timestamp.
Position token	The token representing your position. Minted to your address and never held by this product.