⚙️ Settings
Configure the gas fees and slippage tolerance for your trades. These settings give you control over how your trades are executed, allowing you to optimize for cost and speed based on market conditions
Current Settings Overview
On this screen, you will see your current trade settings:
⚡ Slippage User: [default 10%] **
⚡ Slippage Club: [default 10%] **
⛽ Buy Gas Price: [default 0]
💧 Buy Gas Limit: [default 300,000]
⛽ Sell Gas Price: [default 0]
💧 Sell Gas Limit: [default 300,000]
Important Configurations **
⚡ Slippage User (v1)
Description: The Slippage User setting acts as a buffer for price changes during a trade. It serves as a margin to accommodate any price fluctuations between the screen price and the actual trade execution. If the price changes within this margin, the trade will proceed using that margin; however, if it exceeds the slippage percentage, the trade will not be executed.
Example: If the current price is 0.5 ETH and you set a slippage of 5%, the trade will execute as long as the price remains within 5% of 0.5 ETH. So if the price rises to 0.525 ETH, the trade will proceed; otherwise, it will be canceled.
Recommendation: Use a low slippage of 15% to 30% max.
Tip: Keep your User Slippage settings conservative to avoid paying more than expected. A lower slippage percentage can help protect against sudden price jumps without the risk of overpaying.
⚡ Slippage Club (v2)
Description: The Slippage Club setting controls the maximum price increase you're willing to accept for a club key. The actual price paid is always the current price, as long as it doesn't exceed the slippage limit.
Example: If the current price is 50 $friend, and the slippage is set to 100%, you'll pay the current price. If the key price rises to 80 at the time of purchase, you'll pay 80. However, if the slippage is set to 50%, the maximum you'd pay would be 75, and if the price exceeds that, the trade will fail.
Recommendation: 50% or More. You can afford to be more flexible with your slippage settings for club keys, especially in volatile markets. A higher slippage tolerance can help ensure your trade goes through, but be mindful of the potential cost.
The Slippage Club setting can be higher due to the unique price curves of different clubs. Some clubs experience greater price fluctuations, while others are more stable. Adjusting the slippage allows for flexibility in trading during these variations. A higher slippage can help ensure successful trades, especially in clubs with more volatile price movements!
Gas Settings
⛽ Buy Gas Price:
Description: The Buy Gas Price refers to the gas fees you'll pay for executing a buy transaction. It consists of the base gas price plus any priority gas (measured in Gwei). This setting helps determine how quickly your transaction is processed on the network.
Recommendation: default already has a good configuration.
💧 Buy Gas Limit:
Description: The Buy Gas Limit is the maximum amount of gas you'll allow to be used for executing a buy transaction. This value reflects the complexity of the contract you're interacting with and ensures that you have enough gas to complete the transaction successfully.
Recommendation: default already has a good configuration.
⛽ Sell Gas Price:
Description: Similar to the Buy Gas Price, the Sell Gas Price is the gas fee you'll pay for executing a sell transaction. It includes the base gas price and priority gas, ensuring your transaction is prioritized in the network.
Recommendation: default already has a good configuration.
💧 Sell Gas Limit:
Description: The Sell Gas Limit is the maximum gas allowance for executing a sell transaction. It covers the gas required to complete the contract's execution, similar to the Buy Gas Limit.
Recommendation: default already has a good configuration.
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