Slippage on crypto exchanges arises when execution price diverges from the intended quote. It stems from order types, liquidity depth, and matching algorithms that process fills across market microstructure. As orders meet varying levels of supply, price impact and latency…

Liquidity pools underpin instant exchanges on decentralized platforms by supplying deep, accessible reserves for automated market makers. They enable real-time price discovery while reducing reliance on single counterparties. The model ties liquidity providers to fees and risk sharing, shaping sustainable…