🚀 CRYPTO WORD OF THE DAY
Word: Slippage
Definition:
Slippage happens when the price you see when placing a trade is different from the price you actually get. This usually occurs in volatile markets or when there's low liquidity.
Example:
You wanna buy PEIPEI at $0.00000100 but by the time your order fills, you get it at $0.00000105 — that difference is slippage.
Keep in mind:
Lower slippage = more accurate price
High slippage can eat into your profits
You can set a slippage tolerance in most DEXs like PancakeSwap or Uniswap