Click the settings button positioned along the right hand corner of the swap window (resembles a gear icon), it will bring up a menu labelled: ‘Transaction Settings’.
- With this window, you can modify a variety of inputs such as - a deadline by which your transaction must be mined and whether or not to allow multi hops.
- You will also a find a toggle for ‘Expert Mode’, which allows the selection for an alternative destination address to receive your tokens, as well as increasing slippage beyond the 50% maximum limit.
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💡 Exercise: In the settings menu, increase your slippage tolerance to 25%, make sure to reset it afterwards by clicking the ‘Auto’ button right next it. Prior to resetting, you’ll notice a warning - “Your transaction may be front run.”
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- This is because bots can monitor the mempool for incoming transactions, and where profitable, attempt a sandwich attack by aligning themselves before and after e.g Driving up the price of the pool just prior to a transaction being mined, leaving the victim to buy at a higher price and for them to sell back into. This can all be done within the same block.