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Tick

A discrete price boundary used to organize ranges in certain concentrated-liquidity AMMs.

PLAIN-ENGLISH DEFINITION

In more detail

Ticks turn a continuous-looking market price into defined boundaries the protocol can use for liquidity positions. A position's lower and upper ticks set where it can be active. Which boundaries you can choose depends on the pool's rules and tick spacing. Here, a tick is about price, not a second on a clock.

IN THE WILD

How you might use it

The pool interface adjusts your chosen lower price to an allowed tick boundary before creating the liquidity position.

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By Crypto Dictionary · Published · Updated

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