| Protocol | Fee | Type |
|---|---|---|
| Uniswap V3 | 0.05/0.3/1% | Concentrated |
| Uniswap V2 | 0.3% | Full range |
| Curve | 0.04% | Stableswap |
| Balancer | Variable | Weighted |
| PancakeSwap | 0.25% | Full range |
| Raydium | 0.25% | Full range |
IL = loss relative to simply holding the tokens. LP value = HODL value × (1 + IL factor).
Narrower ranges concentrate capital for higher fee APR, but earn $0 in fees (and are 100% exposed to IL) once price exits the range.