Solana

Been playing with Solana a lot more lately, but price quotes are sluggish, 50% of my trades fail, trades take ~15 seconds to complete, and I have to break my trades up into much smaller increments to get them through. 

Any tips on how to get a better experience here? Moved my slippage up to 1% and that helped.

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The answer seems to be much higher slippage. Doesn’t that defeat the purpose of low gas fees? 

In fact you in up paying a lot more in slippage than if gas was $0.10.

Yeah low gas fees are negligible if slippage is high. 

Slippage will mostly depend on amount of liquidity though. Basically depth of books, combined with speed of execution. A lot of sol tokens prob have really thin liquidity which is why you have to set slippage high

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It also depends on which sniper bots you use, when I trade with Jupiter always got failed transactions, but on my fav bot, hardly any failed transaction(wasted gas fees) despite I set to slippage just 1-5% and 0.001 Sol for gas fees, strange but true...🤔

Yeah so it’s more like “shallow pools” than thin books. Basically if there’s low liquidity in the pool your trade can impact the ratio of tokens in the pool, so the first 50% of your trade would execute at one price but then the second 50% could be a higher price since there’s less liquidity available