Harry 
title
hey bloomies today on Bloom Academy we're diving into what is slippage why slippage happens on a DEX and how you can reduce slippage when trading crypto let's get started what is a slippage imagine you're trying to buy some tokens by the time your order goes through the price changes annoying right slippage basically the difference between the price you think you're going to pay and the price you actually pay slipage on Deck slippage here is even trickier on a DEX you're dealing with liquidity pools instead of centralized order books unlike centralized exchanges where there's a big order book dexes use liquidity pools so slippage can hit a bit harder there especially during those crazy Market moments why does slippage happen well there are a few reasons First Market volatility we all know crypto prices can bounce around like crazy right that's a huge reason slippage happens then there's liquidity decks rely on users contributing to liquidity pools if a pool doesn't have enough assets or you're making a big trade the price can shift and don't forget about Network congestion when the Network's clogged delays happen and that gives prices time to move pretty frustrating huh how to avoid slippage but don't sweat it there are ways to minimize slippage first off adjust your slippage tolerance most decks let you set how much slippage you're willing to accept Keep It Low to avoid big surprises then try to trade during low volatility periods you don't want to get caught in a price swing also aim for liquid markets where there's a lot of trading action so your order doesn't drain the pool and use limit orders instead of Market orders this way your trade only goes through if the price is right finally if you're making a big trade break it down into smaller chunks to avoid rocking the price too much so bloomies next time you're trading on a DEX don't let slippage catch you off guard be smart adjust those settings and stay informed you got this if you want to keep up with all the latest crypto news don't forget to hit that like button and smash subscribe catch you on the next one
Ready to join the Musk Empire? Believe in the project? 🤔 Join now
