Is there a mathematical formula for calculating deposit amounts in Uniswap’s V3? I was trying to add liquidity to the USDC/ETH pair but couldn’t make sense of the deposit amounts for different price ranges.
Assuming a current price of about $1950/ETH, the deposit requirements for USDC increase (significantly) when I decrease the lower bound of my price range and likewise the USDC deposit amount decreases when I increase the upper bound of my price range? This is assuming I keep my ETH deposit amount fixed at, say, 1 ETH.
I tried looking all over for a formula explaining this relationship but couldn’t make sense of it.