Integration #8: @The_BlockBot We're excited to team up with the their team. - Telegram trading bot on @monad - Trade our tokens/top runners instantly - Get started: t.me/Monad_BlockBot 🔗 Learn more: docs.blockbot.trade

What did you get done this week?

Over the course of @The_BlockBot beta testing, I saw some novice questions from testers that prompted this explainer series. We'll begin with Slippage: What is Slippage?. Slippage is a deviation from your expected output amount of tokens. Why slippage?. In between the time it takes from the submission of your trade transaction to the blockchain to its execution on the Blockchain, the token's price could have changed in that time, which in turn reflects on the amount of tokens you'll actually receive. The longer it takes for your transaction to be included in a block (executed)—you can fasten this process by rewarding validators with a competitive priority fee, the more price could potentially change in any direction. An explainer on transaction priority fee and how to take advantage of it as a trader is coming soon. What is Slippage Tolerance?. Your slippage tolerance —aptly named— defines the max allowable deviation (slip) from the expected output you're willing to accept. A slippage tolerance of 5% means you're willing to accept a MAXIMUM of 5% LESS tokens from the expected output (4% less tokens? Fine, 3% less tokens? Fine, 2% less tokens? Fine, 1% less tokens? Fine, 0% less tokens? Perfect ). In an ideal world, you should receive 100% of the expected amount but the real world is different. A 5% slippage tolerance means you're willing to accept 95%, 96%, 97%, 98%, 99% or 100% (obviously) of the expected tokens but you won't accept 94% to 0% of the expected amount—the dEX smart contract will revert with an `Insufficient output amount` error in that case. We'll be adding shorter explanations of some trading concepts somewhere in BlockBot soon. See you in the next explainer.

Monad Mainnet is Coming - Get Ready, HEROES! 😈 The Monad Mainnet is launching soon, and it’s time for us to prepare to explore all the exciting new trading opportunities it brings! To make sure every HERO is equipped with a safe and efficient trading experience, we’re partnering with Blockbot - your trusted trading companion for the Monad Mainnet from Day 1. 𝗚𝗲𝘁 𝗿𝗲𝗮𝗱𝘆 𝗻𝗼𝘄: Sign up for Blockbot here: t.me/Monad_BlockBot?start=r_… Then follow @The_BlockBot 𝗮𝗻𝗱 𝘀𝗵𝗮𝗿𝗲 𝗽𝗿𝗼𝗼𝗳 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂’𝗿𝗲 𝗮 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝗕𝗹𝗼𝗰𝗸𝗯𝗼𝘁 𝘂𝘀𝗲𝗿 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 𝘀𝗲𝗰𝘁𝗶𝗼𝗻 𝗯𝗲𝗹𝗼𝘄. 𝗥𝗘𝗪𝗔𝗥𝗗𝗦: Win 10 Whitelisted Roles and 2 Aqua Champions (FREE MINT) as we celebrate the arrival of Salmoheroo on Monad Mainnet soon! 💜