You're about to swap $ETH on Uniswap, and the amount you'd receive is less than you expected. The first thing that comes to mind is to check the fee.
But there are two different things to consider: price impact is the change your own trade causes in the pool; slippage is the difference between the expected quote and what you actually receive.
In my view, understanding that difference is more helpful than calling everything that's missing a “fee.”
Have you ever received a different amount and wondered where the difference came from?
But there are two different things to consider: price impact is the change your own trade causes in the pool; slippage is the difference between the expected quote and what you actually receive.
In my view, understanding that difference is more helpful than calling everything that's missing a “fee.”
Have you ever received a different amount and wondered where the difference came from?