Slippage and price impact

Two numbers decide whether a swap gives you what you expect. They sound alike but mean different things.

Price impact

Your own trade moves the price. Buying from a pool pushes the price up as you buy. Price Impact shows how much.

• Under 1% (grey): normal.
• 1% to 3% (amber): your trade is large for this pool.
• 3% or more (red): you're paying a lot more than the current price. Above 5%, Morsel also shows what you'll receive in red.

To lower it, swap a smaller amount, or split the trade over time.

Slippage

Prices can move between the moment you see a quote and the moment your swap lands on the network. Slippage is the most you'll accept the price moving against you. If it moves more, the swap fails instead of filling at a worse price, and your tokens stay put.

Minimum Received is your amount after the worst slippage you've allowed.

Change your slippage

The default is 0.5%.

1. Tap Minimum Received.
2. Pick 0.1%, 0.5% or 1%, or use − and + to set anything from 0.1% to 20%.

Morsel doesn't remember a custom slippage. It's back to 0.5% the next time you open Swap.

Above 3%, Morsel warns: High slippage. You may receive significantly less than expected.

When to raise it

Raise slippage a little when:

• the token is volatile, or its pool is small;
• a swap failed with Price moved too much. Try increasing slippage to [x]% or higher.

Raise it in small steps, and put it back afterwards.