#TradingMistakes101 #TradingMistakes101 1. $24 Million Uniswap Slip-Up (2020)

A trader attempted to swap a large amount of stablecoin on Uniswap, a decentralized exchange. But due to no slippage limit set, they lost $24 million in value buying tokens at wildly inflated prices. The AMM system worked as intended, but the trader didn’t understand how it priced large trades.