What is slippage?
Slippage occurs when there isn’t enough market liquidity to fulfill an order at the desired price, resulting in the transaction being executed at a less favorable price. In Web3, slippage can be caused by various factors, including insufficient liquidity for a specific asset pair, high cryptocurrency price volatility, and impermanent loss experienced by liquidity providers in mechanisms like automated market makers (AMMs). It’s essential for traders and liquidity providers in Web3 environments to understand slippage and take measures to minimize its impact.
Adjust slippage settings
- Select the Swap icon (two arrows).
- Select the swap settings icon in the top right.
- Under Slippage, turn off Auto.
- Set a slippage value between 0.1% and 30%, then select Confirm.
Any adjustments to slippage tolerance will persist as the default for your next swap, so be sure to check before each swap. You'll see a warning if slippage is set above 5%, helping you avoid accidental overspending during swaps.
Enable auto slippage
Auto slippage automatically adjusts your tolerance to help your swaps succeed, especially in volatile conditions.
- Select the Swap icon (two arrows).
- Select the swap settings icon in the top right.
- Under Slippage, turn on Auto.