> ## Documentation Index
> Fetch the complete documentation index at: https://shield.fi/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Manage positions

> Create, increase, decrease, collect, rebalance, and close a Shield Swap position.

Open a pool to create or manage liquidity. Under **Your Positions**, select **Manage** in a position row. Select **Increase**, **Rebalance**, or **Decrease** from the menu to load that position into the action panel.

## Position actions

| Action           | Result                                                        |
| ---------------- | ------------------------------------------------------------- |
| **New position** | Creates a position with a selected price range                |
| **Increase**     | Adds funds without a range change                             |
| **Rebalance**    | Replaces the full position with a new range and position ID   |
| **Decrease**     | Removes 25, 50, 75, or 100 percent of the liquidity           |
| **Collect**      | Sends owed position funds to the immutable withdrawal address |

## Create a position

1. Select a pool.
2. Select **New position**.
3. Keep **Full range**, or select **Custom** to use a range preset or enter minimum and maximum prices.
4. Enter the required token amounts.
5. Open **Advanced addresses** to check the recipient and withdrawal addresses. Review these addresses, the range, and the amounts before confirmation.
6. Confirm the Shield Wallet request.

An out-of-range position uses only one asset. The app still asks for both desired amounts and makes the unused side claimable.

An in-range position usually uses both assets. Integer math or the selected ratio can also make part of a desired amount claimable.

## Owner and withdrawal address

Open **Advanced addresses** in **New position** to find **Recipient address** and **Withdrawal address**. Both fields initially contain the connected wallet address. **Recipient address** sets the position owner.

The position owner controls the `PositionNFT` and can change the position. The immutable withdrawal address receives collected principal, fees, and position refunds.

These addresses can differ. Check both addresses before you create the position because an existing position cannot change its withdrawal address.

## Increase a position

Use **Increase** when the range stays the same. The app calculates the required ratio from the position range and current pool price.

An increase settles pending fees before it adds liquidity. Any desired amount that the position does not use becomes claimable.

## Decrease or close a position

Use **Decrease** to remove part of the liquidity. The review includes the selected principal and any amount that is already claimable.

Select 100 percent to collect claimable funds and close the position. If collection does not finish, the value remains under **Recoverable Funds**.

Continue with [Rebalance a position](./rebalance-position) or [Recover funds](../trading/recover-funds).