> For the complete documentation index, see [llms.txt](https://docs.capybara.exchange/english/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.capybara.exchange/english/getting-started/earn/create-pool/permissionless-pool-v3.md).

# Permissionless Pool v3

#### **Step 1: Connect Wallet & Access Pool Interface**

1. **Open the Web App**:
   * Navigate to the [platform](https://dex.capybara.exchange/en/pool) and click \[**Connect Wallet**] to link your wallet (e.g., MetaMask).
2. **Enter Pool Interface**:
   * Select the \[**Permission Pool Liquidity**] tab from the \[**Earn**] navigation menu.

***

#### **Step 2: Create New Liquidity Position**

1. **Select Pool Version**:
   * From the version dropdown, choose \[**V3 Liquidity**].
2. **Initialize New Pool**:
   * Click \[**Add V3 Liquidity**] to begin creating a liquidity position.

***

#### **Step 3: Select Token Pair**

1. **Choose First Token**:
   * Click the first token dropdown (e.g., **KAIA**).
   * Select the token you want to provide liquidity with.
2. **Choose Second Token**:
   * Repeat the process for the second token (e.g., **USDC**).

***

#### Step 4: Set Fee Tier & Price Range (Key V3 Features)

1. **Select a Fee Tier:**
   * V3 typically offers multiple fee tiers (e.g., 0.05%, 0.3%, 1%). Choose one based on the pair’s typical trading volume and volatility.
2. **Determine Price Range:**
   * Unlike V2, V3 allows you to concentrate your liquidity within a specific price range.
   * **Min Price** and **Max Price:** Specify the lower and upper price bounds for your liquidity.
   * If the market price moves outside this range, your position converts to a single asset (in this case either all KAIA or all USDC) until it comes back in range.

***

#### **Step 5: Set Deposit Amounts**

1. **Enter Liquidity Amounts**:
   * Input the desired amount for **both tokens** or click \[**Max**] to use your full balance.
   * The system auto-calculates the paired token amount based on the pool’s current ratio.

***

#### **Step 6: Approve & Confirm Transaction**

1. **Approve Token Access**:
   * Click \[**Approve**] to trigger wallet approval.
   * Click \[**Add Liquidity**] to trigger wallet approval.
   * Sign the transaction to grant the protocol access to your tokens (**two approvals required**, one per token).
2. **Finalize Deposit**:
   * Confirm the liquidity creation transaction in your wallet.

{% hint style="info" %}
Both approvals and the final deposit require gas fees. Ensure sufficient network funds (e.g., KAIA for Kaia).
{% endhint %}

***

#### **Step 7: Track Your Position**

* A confirmation notification will appear once the transaction is complete.
* Monitor your liquidity position, fees earned, and pool share via the \[[**Analytics**](https://analytics.capybara.exchange/#/kaia/overview)] dashboard.


---

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