Slippage

Slippage occurs when an order is executed at a price that is different from the submitted order.

For example if you place and order for 10 $VYFI at 2ADA but the transaction is not executed until 2.1ADA, the prices spread between the trade’s intended price and executed price is called slippage. Slippage Types

1. Negative slippage: Occurs when a trade order is filled (executed) at a price greater than the expected price.

For example, trader A intended to buy 10 VYFI at 10 ADA, but the trade order was finally filled at 10.5 ADA, .5 ADA higher than anticipated. Trader A paid .5 ADA more than expected for the trade, which is a negative slippage.

2. Positive slippage: Occurs when a trade order is filled (executed) at a price lower than the expected price.

For example, trader A intended to buy 10 VYFI at 10 ADA, but the trade order was finally filled at 9.5 ADA, .5 ADA lower than anticipated. Trader A paid .5 ADA less than expected for the trade, which is a positive slippage.

How to manage Slippage on VyFinance

• Select "DEx"

When making a trade, users can view the "minimum tokens" you can receive based off the slippage selected

How To Change Slippage

• Select "DEx"

• Select the Cog symbol

Here you can set your slippage tolerance.

Users can swap between the presets of 0.1%, 0.5% and 1.0%, as well as a custom amount up to 59%.

PLEASE BEAWARE IF YOU INCREASE YOUR SLIPPAGE YOU ARE ACCEPTING A POSSIBLY WORST PRICE FOR YOUR TRADE

VIDEO TUTORIAL:

Reference -https://ascendex.com/pt/support/articles/65578-basics-of-economics-3-slippage