DEX Swaps Explained: Slippage, Price Impact, and Fees
Learn to read a swap quote, calculate minimum received, compare total costs, and distinguish slippage from price impact.
Reading collection / DeFi Field Notes
Liquidity.
Liquidity affects what a trade can receive and how a position can be unwound. The articles here connect quote execution with the inventory and benchmark questions faced by liquidity providers.
Read the swap explanation before the liquidity-pool example. Then describe an ordinary exit and a stressed exit for the same hypothetical position. Ask whether the desired asset is directly available or requires another exchange. A displayed valuation and an executable exit price are different observations. This collection is about understanding that distinction rather than choosing a pool or recommending a trade size.
Use the linked guides below for worked explanations, source references, and connected reading. Keep the glossary open when a term needs a definition, and review the limitations of educational material before applying an example to a real position.
