> For the complete documentation index, see [llms.txt](https://kayen-finance.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kayen-finance.gitbook.io/docs/kayen-finance-user-guide/dex/positions/create-position.md).

# Create Position

{% stepper %}
{% step %}

### Open the New Position interface

Open the "Positions" menu and click on "Create Position".

<figure><img src="/files/aR0U6STJUcDskaKS6SDz" alt="" width="375"><figcaption></figcaption></figure>

By default, Kayen Finance opens the "Create v3 Position" interface.

<figure><img src="/files/GXs2E5aRBbg4liRO8Ira" alt=""><figcaption></figcaption></figure>
{% endstep %}

{% step %}

### Choose a position type

{% hint style="info" %}

## Position Types

There are two available position types in KayenFi: v2 and v3.

The difference comes down to the Liquidity Provider (LP) strategy:

* **V2 (Passive):** It’s a "set-and-forget" model. You don't need to manage it because your liquidity is spread across the entire price range from zero to infinity.
* **V3 (Active):** It requires active management. Since you set a specific price range to maximize efficiency, you need to monitor it because your liquidity can go "out of range" if the market price moves outside your set boundaries.

In short:

* If you're looking for simplicity and ease of use, choose v2.
* If you want to maximize capital efficiency through active management, choose v3.
  {% endhint %}

To switch from v3 position to v2 position, click the "v3 position" button to open a drop-down menu, and choose either "v2 position".&#x20;

<figure><img src="/files/DJUJUDkE1Afe97KPeacl" alt="" width="352"><figcaption></figcaption></figure>

The process is nearly identical between v2 type and v3 type, the main difference being that v3 allows you to select a fee tier. We will therefore concentrate on the v3 type here.

*Don't worry, you can change the position type in the next screen!*
{% endstep %}

{% step %}

### Select a token pair and fees

Choose between two tokens that you own. Click each "SELECT" areas to select them.

![](/files/4fc107ee409d1941a37e8a3785967ae45e34f056)

KayenFi helps you by displaying tokens that are already in your wallet.

<img src="/files/369a708df1b5ddb45d60dbfaaa30849dd0817499" alt="" width="375">

Once you have selected the pair, you can choose between the available fee tiers.

<img src="/files/0934e82cd4498f29757fb25baa5327fce24115b4" alt="" width="375">

{% hint style="info" %}
The availability of fee tiers depends on how much tokens of each pair you own.
{% endhint %}

Click "Continue" to access the next screen.
{% endstep %}

{% step %}

### Set the price range

There are two ways to set the price range:

* Full range: There is no limit in range.
* Custom range: You place clear bounds in terms of price.

KayenFi helps you make an informed decision by displaying the evolution of the market price for each token:

* In "Full range" mode, you have nothing to do: the price can go from 0 to infinity.
* In "Custom range" mode, KayenFi pre-fills the minimum price and maximum price for you, and you are free to change those settings however you want.
  {% endstep %}

{% step %}

### Deposit tokens

The last step consists on indicating how much of each token you want to deposit on the position you are creating.

<img src="/files/6cc3907dce2b3eb98223597f84a3cd43149c0dc1" alt="" width="375">

{% hint style="info" %}
You can only deposit as much token as you own.

KayenFi calculates the ratio between the chosen tokens, and if one does not have sufficient funds in your wallet, KayenFi will tell you so.
{% endhint %}
{% endstep %}

{% step %}

### Validate the position

Finally, now that everything is set up, click on "New position".

This should trigger your Web3 wallet to open a spending cap request. Confirm it, and KayenFi will display a summary of your newly-created position.
{% endstep %}
{% endstepper %}