What it means
The difference between the rate you see and the rate you get, because the price moved before the trade settled.
A slippage limit, such as 0.5%, cancels the trade if the rate gets worse than that.
How it works
Large trades in small pools slip more.
Related terms
| Term | What it means |
|---|---|
| Price impact | How much your own trade moves the price of a pool, which depends on the trade's size against the pool's liquidity. |
| Exchange (swap) | Trading one token for another, such as EURC for USDC, at a rate set by the market. |
| MEV | Maximal extractable value: profit that block builders or bots make by reordering, adding or leaving out transactions. |
This glossary explains terms in general. It isn't investment, tax or legal advice.