Slippage is the dumbest concept in crypto. You’re telling me I can’t know exactly how many tokens I’ll get back, and that’s supposed to be normal???

No, that’s not the future of money. That’s a joke. Get rid of slippage and all other shitty defi artifacts holding the space back.

Daimo Pay. Build once, distribute everywhere

This is only true if you're the maker, not the taker. For consumer use cases getting a requested price is not as important as knowing what the price will be. Imagine venmoing someone $10 and after the fact you see only $9.50 arrived because sorry, slippage.

You do have an exact minimum.

The UX could be better, but the mechanic is fundamental: you either place a limit order (exact price, variable timing) or a market order (variable price, exact timing). Most users want the latter.

If you buy AAPL using Robinhood it has slippage too, they just don't show you.

Just had a 2 hour discussion about this with an app that’s trying to decide how to communicate it. If they show the “minimum amount” the conversion rate looks horrible and is much worse than the user will actually get back. If they show the expected amount the user might get less back which is bad UX too

Honestly feels like a UX issue - just bake slippage into the conversion price and stop telling people about it

0x RFQ and similar systems eliminate slippage. The tradeoff is market maker coverage and increased API latency when fetching RFQ quotes.

Dev, woodworker, St Louis native, small time trader

Not fundamental at all. It's a side effect of design choices (particularly ones that protect market makers). Very few things are fundamental and slippage is far from one of them.

This is a function of low, distributed liquidity, not UX. You can try to create a “better” experience for the user but this fundamental property of DeFi and liquidity doesn’t change.

Slippage is a tax on users. The future of money shouldn’t be this unpredictable.