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## just-in-time (jit)
## just-in-time (jit) liquidity mev
<br>
### tl; dr
* uniswap v3 allows LPs to provide concentrated liquidity within smaller price ranges.
* jit liquidity is a form of liquidity provision where an LP mints and burns a concentrated position immediately before and after a swap.
* because provision has significant costs, it's usually only used against very large swaps
* jit lps face competition in mev auction market - the price improvement provided by jit liquidity should be capped by twice the fee rate of the pool that jit occurs in.
* sophisticated searchers can add and remove concentrated liquidity on sandwich trades.
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