V3 - Concentrated Liquidity AMM

Concentrated Liquidity is, currently, the most efficient and profitable method of market making that on-chain decentralized exchanges have access to. This was popularized and took the space by storm when Uniswap released their UniV3 model. To make it very clear the efficacy differential between x*y=k (uniV2) and UniV3's orderbook-style AMM-- it needs to be explained that typical LP positions operate on a (0,∞) range. This means that each individual user in the pool is subject to providing liquidity in every possible positive real-number. Since every trade has to consider this when the swapping algorithms are ran, $100,000 of liquidity spread from 0 to ∞ is exponentially less efficient than, say, one with a defined range of ($1,000-$1,100). With the latter example of the $1,000-$1,100 liquidity range, it is calculatable that the same $100,000 of liquidity is now concentrated in a $100 price range, providing an EXTREMELY efficient swapping experience. Providing the lowest slippage currently feasible within the DeFi space.