What it means
How much your own trade moves the price of a pool, which depends on the trade's size against the pool's liquidity.
A €100 trade in a deep pool barely moves the price; €100,000 in a shallow one can move it a lot.
How it works
Aggregators split big trades to keep price impact down.
Related terms
| Term | What it means |
|---|---|
| Slippage | The difference between the rate you see and the rate you get, because the price moved before the trade settled. |
| Liquidity | How easily a token can be exchanged or withdrawn without moving its price. |
| Aggregator | A service that checks many exchanges at once and routes your trade through the one, or the mix, with the best rate. |
This glossary explains terms in general. It isn't investment, tax or legal advice.