Category

DEX Execution

Execution terms help describe how swaps are priced and why orders can fill at different prices than expected.

Slippage

Slippage is the difference between the expected price of a trade and the price actually received when the order executes.

Price Impact

Price impact is the change in an AMM's quoted price caused by the trade itself, typically larger when liquidity is shallow.

Swap Router

A swap router is a contract or service that selects a path across pools (and sometimes multiple DEXs) to execute a token swap.

Route Splitting

Route splitting is executing one trade across multiple pools or routes to reduce price impact and improve execution under given constraints.