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What Is Slippage Tolerance?

Imagine you are trying to make a swap. You choose the assets and the amount you wish to swap. You confirm the transaction at 12:00, but it takes some time before it actually happens, and the transaction is executed at 12:01. The problem is that the price of the swapped assets can change in this time frame (in crypto often drastically), and that is where the slippage tolerance comes into play. You use the slippage tolerance to express how big this price difference can be so that you still wish to execute the transaction. If the price change exceeds the slippage tolerance, the transaction will NOT be executed.Our app has built-in automatic slippage function but you can set your own by clicking on the cogwheel in the upper right corner (see screenshots below).
Slippage Tolerance Setting