Slippage

Slippage in DeFi trading is the realized price gap between the price you quote before submitting a swap and the price you actually pay when the trade completes. In constant-product AMMs, the trade size relative to pool liquidity drives price impact, meaning larger swaps move prices more unfavorably. To guard against adverse outcomes, many platforms expose a slippage tolerance setting that caps how much price movement you're willing to accept; trades that would exceed that tolerance can revert. Some observers distinguish price impact from slippage, while others treat them as overlapping concepts. (exodus.com)

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