The gap between the price you saw and the price you got. Your tolerance setting is the worst price you accept.
How to check it yourself
- Find the slippage setting in your swap app and note its current value.
- Compare the minimum received on the confirm screen with the amount you expected.
- After the swap, open the transaction on the explorer and check the amount you actually got.
Sources
- bitcoin.taxhttps://bitcoin.tax/blog/?p=42420
- thecrypto.it.comhttps://www.thecrypto.it.com/post/what-is-slippage
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