New release on Minswap DEX! 🔥
⚠️Unlimited Slippage:
⚠️DISCLAIMER: don't use this setting if you don't fully understand the risks.
By enabling this setting, a user's orders will execute at any price available. This can result in significant losses if the market price has moved against you since you placed the order. This feature was enabled to level the playing field for users, so that anyone can place orders with unlimited slippage and not only those with knowledge of the CLI.
The risk of unlimited slippage is highest when the market is volatile since your order will be executed at any price. Unlimited slippage orders potentially get executed faster, as users are accepting any available price, but it can lead to a loss of virtually all funds as well.
Let's say a user submits an order to buy 1000 ADA worth of Token
$XYZ and 1
$XZY = 1
$ADA. With unlimited slippage, if by the time the order is executed the price of
$XZY jumps to 1
$XZY = 1,000
$ADA, then the user would receive ~1 XZY, losing virtually all their funds.
👜 Improve Wallet Error
The wallet errors when submitting transactions are now more friendly and readable.
Trading History is currently under maintenance and will be enabled soon.