Phantom wallet adds auto slippage setting to reduce failed transactions for traders.
DeFi & Yields ·
Phantom wallet has introduced an auto slippage setting designed to lower the rate of failed transactions for traders. The feature also allows users to reduce slippage amounts, potentially lowering transaction costs. Traders can access the setting by selecting the transaction settings icon located in the top right corner when performing any token transaction.
Slippage—the difference between expected and actual execution prices—is a common friction point in decentralized trading, where price movements during transaction processing can cause swaps to fail or execute at worse-than-anticipated rates. An automated adjustment mechanism reduces the manual tuning required and addresses a persistent pain point for retail traders navigating volatile market conditions.
The rollout follows a pattern of wallet providers enhancing user experience around transaction execution. Whether the auto setting will become a default behavior, what algorithm governs the slippage adjustment, and how the feature performs across different network conditions remain unclear from available information.