What Is Slippage Tolerance & How Does It Work?

in slippage •  2 years ago  (edited)

What-is-slippage-tolerance.png

😲 Slippage tolerance is a setting for the amount of price slippage you are willing to accept for a trade.

👉 By setting slippage tolerance, you set a minimum amount of how many tokens you will accept if the price increases or decreases.

😱 Slippage tolerance is set as a percentage of the total swap value. For example, if you set slippage tolerance at 3%, it means that the number of tokens you will receive can be no higher or lower than 3% of the amount entered.

📊 Want to know more about slippage & tolerance? Start your crypto investing today with Coinswap Space!

🌐 www.app.coinswap.space/#/

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!