1. Adding Liquidity on Meteora:

Q) Can I create an LP position within MAPMS?
A) No, MAPMS does not create LP positions. It only automates rebalancing for LPs already created on Meteora.

Q) Can I exit LPs using MAPMS?
A) No, MAPMS helps only to automate LP management. Adding Initial liquidity and liquidity removal should be done through the Meteora website.

Q) What types of strategies can I select when creating an LP on Meteora?
A) You can select any strategy and bin while creating your LP on Meteora. However, regardless of the selected strategy, new positions created during rebalancing are always opened under the Spot Strategy.

Q) What does “Claim and Convert Fee if value goes above (in SOL)” mean?
A) This feature helps you to automatically claim fees and convert them to more stable tokens price wise. For example, you have set this value as 0.1 Sol and for any active pool/strategy your unclaimed fee value goes above 0.1 Sol, your fees will automatically get claimed and converted to USDC. There is a fee of 1% on the claimed fee amount for using this feature.

Q) Are there any restrictions on the number of LP positions managed by MAPMS?
A) There are no restrictions, although having high number of active positions might need a better RPC plan to mitigate transaction failure risks.