Why does setting slippage too high make it easier to lose money?
Definition: The higher the slippage limit a user sets, the more room sandwich traders have to profit.
How it works: Sandwich traders profit from the extra amount users caught in the middle pay, which is effectively a hidden transaction cost for ordinary users.
For reference, $ETH is currently priced at 2437.92, up 1.48% over the past 24 hours.
It’s best to only invest money you can afford to lose without affecting your daily life.
Definition: The higher the slippage limit a user sets, the more room sandwich traders have to profit.
How it works: Sandwich traders profit from the extra amount users caught in the middle pay, which is effectively a hidden transaction cost for ordinary users.
For reference, $ETH is currently priced at 2437.92, up 1.48% over the past 24 hours.
It’s best to only invest money you can afford to lose without affecting your daily life.