Decentralized Finance (DeFi)

Slippage

The gap between the price you expected and the price you actually got, caused by price moves or a trade being large relative to available liquidity. DEXs let you set a maximum slippage so a trade fails instead of filling at a bad price.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.