How liquidity works
Understand the pool, the assets you provide and the position you receive.
The pool holds two assets
A pool lets traders exchange one asset for another under its contract rules. Providing liquidity makes your assets available to that market in exchange for a share or position.
For example, a PONS / ETH pool and a PONS / USDG pool are different markets. A token can also have multiple markets against the same quote asset, with different fees or contract versions.
Your token amounts can change
Trading changes the pool balances and therefore the assets represented by a position. With concentrated liquidity, a price outside your boundaries can leave the position entirely in one asset.
The amount you withdraw can differ from what you deposited, and fees may not offset a fall in value or the difference from simply holding the tokens.
Providing liquidity is different from buying
A standard Flea deposit uses the two assets required by the pool. Entering only one amount asks Flea to calculate the other; it does not instruct an automatic swap.
A new position is also separate from a launchpad’s original locked liquidity, so it has its own ownership and withdrawal terms.