Sending a Sell Transaction
Interactive tutorial
Additional information
Slippage
Slippage is the difference between the price you anticipate for a trade and the actual price at which it executes, often influenced by market volatility or low liquidity.
A higher slippage setting can speed up trade execution but increases the risk of being sandwiched (leading to unfavorable prices and reduced returns). A lower slippage setting reduces these risks but may prevent the tx from executing.
Gas
Gas is the fee for processing Solana transactions. The more gas you use, the faster your tx will be processed.
MEV Protection and Anti-MEV Tips
When you use high slippage, your tx becomes susceptible to sandwich attacks. A sandwich attack is when MEV bots see your tx, buy ahead of you, raise the price, then sell after, making you pay a higher price and lowering your returns.
MEV protection on Sigma shields you from this by routing your txs through private relays, but may make your tx slower. Adding an anti-MEV tip prioritizes your tx being processed when MEV protection is on.
IMPORTANT: Low Liquidity Warning
What it means: The token you're trying to trade has a very small liquidity pool, meaning you could lose significant money due to price impact. This could be because the token is extremely new - or, sometimes, Sigma may not support the pools you see on chart websites and only supports the smaller pools for this token.
What to do:
Check the actual available liquidity on Sigma before trading
Consider reducing your trade size
Verify liquidity details on trusted sources
Last updated