# Managing your positions

Once you've added liquidity, your position is an NFT in your wallet. Every position appears under **My Positions** on the [Pool page](https://kumbaya.xyz/#/pool).

## What you'll see for each position

* **Token pair + fee tier** — `USDC / WETH 0.05%`, etc.
* **Status** — In Range or Out of Range.
* **Liquidity value** — current USD value of the underlying tokens.
* **Uncollected fees** — fees that have accumulated since you last claimed.
* **Range** — the lower and upper bounds you originally chose.

## In Range vs. Out of Range

* **In Range** — the current price is between your bounds. Your liquidity is active and earning fees on every swap that crosses through your range.
* **Out of Range** — price has moved outside your bounds. You stop earning fees, and your position has converted entirely to whichever of the two tokens is on the side price moved away from.

Out-of-range isn't a loss in the bug sense — it's how concentrated liquidity is supposed to work. If price comes back into your range, you start earning again. If you don't think it will, you can rebalance (close + reopen with new bounds).

## Adding to an existing position

You can add more liquidity to an existing position without changing its range. Click the position, then **Add**.

This is useful when:

* You want to increase your exposure with the same range thesis.
* You've collected fees and want to compound them back in.

## Collecting fees

Click the position, then **Collect Fees**. This claims uncollected fees to your wallet without touching the underlying liquidity.

You can collect as often or as rarely as you like — there's no penalty for letting fees accumulate.

## When to rebalance

Rebalancing means closing the position (or part of it) and opening a new one with different bounds. Reasons you might:

* Price has stabilized in a new range and you want to recapture fees.
* The pair has gotten more (or less) volatile and your old range no longer makes sense.
* You want to shrink or widen your range for a different fee/risk profile.

Rebalancing involves gas + a swap (to rebalance ratios), so don't do it constantly — for active LPing, larger occasional moves usually beat lots of small adjustments.

## Where to next

* [**Adding liquidity →**](https://docs.kumbaya.xyz/liquidity/add-liquidity)
* [**Removing liquidity and collecting fees →**](https://docs.kumbaya.xyz/liquidity/remove-liquidity)


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