Automated Market Makers (AMMs) have revolutionized the way we trade cryptocurrencies by enabling decentralized and trustless exchanges. Uniswap, one of the most popular AMMs, introduced a new feature in its third version that allows liquidity providers (LPs) to concentrate their capital to smaller price intervals than the entire price range of an asset pair. This concept called concentrated liquidity, enables higher liquidity and rewards for LPs. However, it also introduced a new issue: LPs need to regularly modify their liquidity position to follow the market price when it goes out of the defined bounds.