# V4 Add Liquidity (Concentrated)

V4 enables liquidity providers to concentrate their capital within specific price ranges, leading to increased liquidity at preferred prices.

To provide liquidity to V4, navigate to the **Earn** tab, select **Liquidity** and choose **V4:**

<figure><img src="https://docs.kim.exchange/~gitbook/image?url=https%3A%2F%2F148554750-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FYy9qLYhKl62g2m4dBbTR%252Fuploads%252FL5KXq3Z4Zst13vizJP18%252Fimage.png%3Falt%3Dmedia%26token%3D261edf81-6f4c-47aa-a8b1-82f7776c318d&#x26;width=768&#x26;dpr=4&#x26;quality=100&#x26;sign=5aa7826b&#x26;sv=1" alt=""><figcaption></figcaption></figure>

1. Select a pair

![](https://docs.kim.exchange/~gitbook/image?url=https%3A%2F%2F148554750-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FYy9qLYhKl62g2m4dBbTR%252Fuploads%252Fdm3Dj38IEEAdOwfxxMJE%252Fimage.png%3Falt%3Dmedia%26token%3Da4ea134d-630f-46a0-be2f-5c76ffc377ac\&width=768\&dpr=4\&quality=100\&sign=177d6bbb\&sv=1)

Also, check if the pair is incentivized with market maker rewards (V4 manual) which serve as an additional, separate layer of rewards on top of the LP trading fees.

![](https://docs.kim.exchange/~gitbook/image?url=https%3A%2F%2F148554750-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FYy9qLYhKl62g2m4dBbTR%252Fuploads%252FWLEhUX0fuE1EAiyAGkjG%252Fimage.png%3Falt%3Dmedia%26token%3Dc2a5d021-27d2-434f-a6e0-a591e588fb06\&width=768\&dpr=4\&quality=100\&sign=25e69051\&sv=1)

Unlike regular farms, Market Maker incentives are distributed via Merkl, which checks onchain data for incentivized pools using an offchain script.

These rewards are given out every **6 hours**, depending on how many tokens you've earned and the fees your position has collected during that time. Therefore, the narrower the range, the higher the market maker's rewards.

*The exact distribution formula for market maker rewards:*

<figure><img src="https://docs.kim.exchange/~gitbook/image?url=https%3A%2F%2F148554750-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FYy9qLYhKl62g2m4dBbTR%252Fuploads%252FgMlNtO4dRkBE920r4xBi%252Fimage.png%3Falt%3Dmedia%26token%3Dc9c29d03-a7ac-4acf-a1df-22912dec6085&#x26;width=768&#x26;dpr=4&#x26;quality=100&#x26;sign=33eb4af2&#x26;sv=1" alt=""><figcaption></figcaption></figure>

For more specific information about how the mechanism works, you can refer to [Merkl documentation](https://docs.angle.money/merkl/lp-guide).

1. Select a mode

The mode you choose depends on the specific utility you seek:

* Manual mode is tailored for experienced liquidity providers, granting them control over the price ranges of the liquidity they provide
* Auto mode employs focused liquidity management strategies, handling the intricate task of adjusting price ranges for users (future addition to platform)

In auto mode users can select a Automated Liquidity Management provider and select a strategy.

<figure><img src="https://docs.kim.exchange/~gitbook/image?url=https%3A%2F%2F148554750-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FYy9qLYhKl62g2m4dBbTR%252Fuploads%252Ft7HANQn4e1kqVEfeY0HO%252Fimage.png%3Falt%3Dmedia%26token%3D01646f70-1605-4c24-8a36-ba544165b85f&#x26;width=768&#x26;dpr=4&#x26;quality=100&#x26;sign=bb84996a&#x26;sv=1" alt=""><figcaption></figcaption></figure>

More details about the strategy can be seen on the right panel with details about the ALM and the selected strategy:

<figure><img src="https://docs.kim.exchange/~gitbook/image?url=https%3A%2F%2F148554750-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252FYy9qLYhKl62g2m4dBbTR%252Fuploads%252Fl82RrDlhA8Cg7jzY1jm4%252Fimage.png%3Falt%3Dmedia%26token%3Dbf5451f4-6122-406c-8d1e-a618ba04ccf9&#x26;width=768&#x26;dpr=4&#x26;quality=100&#x26;sign=6166a50b&#x26;sv=1" alt=""><figcaption></figcaption></figure>

When liquidity is provided through **manual** mode, positions are created as **LP only** and can earn trading fees and market maker rewards