Solana trading glossary
What is concentrated liquidity (CLMM)?
Also called: CLMM, Whirlpool, DLMM
A pool design where each provider places liquidity in a chosen price range, held as a position rather than a shared LP token.
In a standard pool every provider owns a share of one big reserve, tracked by LP tokens. In a concentrated liquidity pool, such as a Raydium CLMM, an Orca Whirlpool or a Meteora DLMM, each provider picks a price range and their liquidity only works inside it. Positions are tracked individually, often as an NFT.
Because there is no shared LP token, "LP burned" and "LP locked" do not describe these pools in the usual way. A provider can usually withdraw their own position, which is normal for how the design works.
Why it matters before you trade
A tool that reports a concentrated pool as 100% unlocked is technically correct and practically misleading. For these pools, look at who provides the liquidity and how much of it there is, rather than at a lock percentage.
How NAVI shows it
When a token's largest pool is concentrated liquidity, NAVI's liquidity lock check shows Not applicable and explains why, instead of flagging it as unlocked. It still shows how much liquidity across all pools is locked or burned, and the separate liquidity check shows total depth.
Related terms
- Liquidity poolA pair of token reserves on a decentralized exchange that traders swap against. Its size decides how much you can buy or sell before the price moves.
- LP lockLiquidity-provider tokens held in a time-locked contract, so the liquidity cannot be withdrawn until the lock expires.
- LP burnThe liquidity-provider tokens for a pool have been destroyed, so nobody can withdraw that liquidity again.
Last reviewed 2026-09-25. NAVI is informational only and nothing here is financial advice.