Slippage
Slippage is the difference between the expected price and the actual execution price.
Default Setting
SillySwap uses 0.5% slippage by default. This means your limit price is set 0.5% above (buys) or below (sells) market price, ensuring your orders execute even with minor price movements.
Adjusting Slippage
To change slippage:
- Click the gear icon in the swap interface
- Enter your preferred slippage percentage
- Click Save
Recommended Settings
| Market Conditions | Recommended Slippage |
|---|---|
| Normal (direct swap) | 0.5% |
| Volatile (direct swap) | 1.0% |
| Normal (multi-hop swap) | 0.5 - 1.0% |
| Volatile (multi-hop swap) | 1.5 - 2.0% |
Setting slippage too low may cause your swap to fail. Setting it too high means you might get a worse price.
What Happens If Slippage Exceeds Limit?
If the market moves more than your slippage tolerance:
- The order won't execute
- Your funds remain in your shielded balance
- You can try again with higher slippage
Multi-Hop Slippage
When a swap routes through an intermediary token (two hops), slippage compounds across each leg. Each hop applies your slippage tolerance independently.
How it works: If your slippage is set to 0.5% and the swap has 2 hops, the effective slippage tolerance is approximately 1.0% (not exactly doubled due to compounding). The formula is 1 - (1 - slippage)^n where n is the number of hops.
SillySwap calculates and displays the compound slippage automatically in the swap review screen, so you always know the total tolerance before confirming.
If you're swapping between tokens that require multi-hop routing, consider setting slightly higher slippage to account for the compounding effect.