# Overview

## What is Shape Liquidity?

The Shape Liquidity smart contract is an Automatic Market Marker (AMM) much like Uniswap, SushiSwap and PancakeSwap but a lot more powerful. Like traditional AMM's, Shape Liquidity creates a pool of *two tokens* where users can:

* **Add (and remove) token liquidity** in both or one, earning fees when the tokens are used
* **Swap** between the tokens at a price determined algorithmically<br>

## Pools list overview

In the pool list on [CaviarNine](https://www.caviarnine.com/earn/shape-liquidity) you will find all the Shape Liquidity pair pools. Here you can select a pool to add liquidity to or even create a pool if you can't find the pair you want. \
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See below and you can see the following information in each pool:

* The Pool tokens - The two fungible tokens that are used in this pool
* Bin Size - This number represents how wide the bins are in this pool. Each unit of bin is worth 0.10% so 2 means that the bins are 0.20% wide and 10 means they are 1.00% wide. Find out more about bins in the next section
* Total Value Locked - The total amount of tokens in the pool valued in your currency of choice
* Volume 24h - Total amount traded in 24 hours in this pool in your currency
* APY - The annualised yield calculated using the past 24 hours volume and the current pool fees. Please note this is a historic number and does not reflect the future APY
* Your Liquidity - If you have added liquidity in this pool, you will see the total valuation of all your liquidity receipts (from this pool) here

<figure><img src="https://2889101437-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHNlgl7ttywm5Xh8uj9vm%2Fuploads%2FsnrjZRcwrDYRpAoYGVGP%2FScreenshot%202023-10-16%20at%2013.44.34.png?alt=media&#x26;token=61ad326c-24c7-4f3c-a754-e4bbdb18c82f" alt=""><figcaption><p>Earn Shape Liquidity Page</p></figcaption></figure>

## Summary

The power in Shape Liquidity comes from the ability to concentrate your tokens!

* Concentrate your token(s) liquidity in your price range - Earn more with your tokens
* Tailor your concentration shape to suit your needs
* Small or big bins allows you to define the price granularity
