What is slippage tolerance
Coin98 Super App has integrated popular AMMs in the market to provide a seamless, simple, fast, and extremely safe trading experience for users. To help users have a better understanding of the advanced features when trading on Coin98 Super App, let's take a closer look at the term “Slippage Tolerance”.
Slippage Tolerance is the pricing difference between the price at the confirmation time and the actual price of the transaction users are willing to accept when swapping on AMMs. Slippage tolerance is set as a percentage of the total swap value.
In the case of volatile markets or low-liquidity pools, users can complete the transactions faster and avoid failures by accepting a higher slippage and slippage tolerance percentage.
Coin98 Super App allows users to adjust the Slippage Tolerance level according to their needs at the basic levels of 2%, 5%, 10%, or enter the desired Slippage Tolerance manually (%).
The default Slippage on Coin98 Super App is set at the standard rate of 1%, which is quite safe and applicable to most coins on the market.
If you want to change this rate, follow these 2 steps:
Step 1: In the Swap interface, select the Settings icon at the top right corner.
Step 2: Select the appropriate Slippage Tolerance level from the suggested rates like 1%, 2%, 5%, 10%, 20% or fill in the number manually.
- Avoid trading when the market has major fluctuations.
- Slippage Tolerance partly comes from the low-liquidity pools, not from Coin98’s system. Coin98 Super App is not responsible for any trading loss.