Glossary

Network Fee

Network Fee, often referred to as a "gas fee," is the cost required to perform a transaction on the blockchain network. This fee is paid to the network validators (miners or nodes) who verify and add transactions to the blockchain. The Network Fee varies depending on the blockchain’s current activity and demand for transactions. It is essential to consider this fee when making a trade, as it is deducted from your wallet in addition to the trade amount.

Price Impact

Price Impact measures how much the price of a token changes as a result of your trade. When you swap tokens, especially large amounts, it can affect the market price within the liquidity pool. Higher Price Impact generally occurs in smaller liquidity pools or when making large trades, leading to a less favorable exchange rate. Monitoring the Price Impact helps users make informed decisions, as a high Price Impact can result in receiving fewer tokens than expected.

Miniumum Received

Minimum Received is the minimum amount of tokens you are guaranteed to receive after the swap, taking into account any slippage. This value provides a safety net against fluctuations in price during the transaction. If the actual amount of tokens received drops below the Minimum Received due to changes in price or slippage, the transaction will automatically revert, protecting you from significant losses.

Slippage Tolerance

Slippage Tolerance is the maximum acceptable difference between the expected price and the final execution price of your trade. Market prices can fluctuate rapidly, especially in volatile markets, and Slippage Tolerance helps to account for this. A higher tolerance increases the likelihood of the transaction going through but may result in a less favorable rate, while a lower tolerance minimizes unfavorable price movement but risks the transaction failing.