What is Slippage?
Slippage refers to the difference between the actual executed price and the expected price. When liquidity is insufficient or the market is turbulent, slippage often occurs. Users can set slippage range to ensure that the transaction is fulfilled within the price tolerance to avoid unnessarry losses.
What is Transaction Deadline?
After setting the transaction deadline, the order will be cancelled if it is not executed before the deadline.
Example:
Supposed the current market price of Token A is 100 USDT, the slippage tolerance is set as 5%, then Token A will be executed within the pirce range of 95 to 105 USDT.
Supposed the Transaction Deadline is set as 30 minutes, the order will canceled if it is not excuted after 30 minutes.
How to set Slippage？
Visit www.oneswap.net, click [
] button on the navigation bar and set [Slippage Tolerancde] and [Transaction Deadline] respectively.
1. Slippage Tolerance: After setting slippage, if the execution price exceeds the set value, the order will not be executed. The system default slippage is 10%, and users can adjust it if needed (0~50%).
2. Transaction Deadline: After setting the transaction deadline, the order will be cancelled if it is not executed before the deadline. The system default deadline is 30 minutes, and users can adjust it if needed.