Providing liquidity in a pre-defined price range has its benefits, the main one being that it is much more capital efficient and you can earn more yield (percentage-wise) off of fees than other pool types with less capital. However, this also means that the position needs to be more actively monitored than a traditional LP position does; remember that if the price deviates outside of the range that you will not earn fees and that portion of your position (half the pair) will be sold and converted to the other half of the pair. Vigilance is the best policy when it comes to concentrated liquidity positions.
Providing liquidity in a pre-defined price range has its benefits, the main one being that it is much more capital efficient and you can earn more yield (percentage-wise) off of fees than other pool types with less capital. However, this also means that the position needs to be more actively monitored than a traditional LP position does; remember that if the price deviates outside of the range that you will not earn fees and that portion of your position (half the pair) will be sold and converted to the other half of the pair. Vigilance is the best policy when it comes to concentrated liquidity positions.