⛽Custom Gas and Custom Slippage

Unibot offers a custom gas feature, giving users autonomy over how much they want to spend on gas and whether or not they want to prioritize their transaction. Users can customize gas based on their trading needs

Unibot offers custom slippage. Some transactions necessitate different levels of slippage. For that reason, Unibot provides users with the ability of how they choose to set their slippage.

FAQ

What is GWEI and custom GWEI?

GWEI stands for gigawei, with wei being the smallest unit of Ethereum (1 billionth of an ETH). In essence, GWEI is the equivalent to the transaction fee one would pay with a traditional banking system, and the GWEI (in simpler terms, transaction fee) varies on the basis of network traffic. More transactions on Ethereum = higher gas, and vice versa.

Custom GWEI allows a trader to adjust how much gas they are willing to spend per transaction. Typically, it should not be substantially less than the market GWEI, or else the transaction may fail. If a user wants to frontrun other traders, they can set their GWEI above the current market value.

What is slippage and custom slippage?

Slippage is the difference between the token's actual price and the price one is willing to pay for the token. Sometimes, a token experiences major price fluctuations or has lower liquidity, so slippage can allow a user to set a maximum that they are willing to pay for that token.

Custom slippage allows users to set the maximum they're willing to pay for a token. A user can adjust the slippage, which is denoted via percentages, to protect themselves from paying more per token than they are willing.

Interface

The Gas Settings can be found in the Buy or Sell menus in the Telegram bot.

Gas Settings

• Clicking 'Gas: Custom GWEI' prompts you to enter a custom tip amount. The custom GWEI will enable you to set the amount of gas you are willing to pay, instead of paying the standard market price.

• Example: Setting gas at 30 GWEI when the market price in this case in 25 GWEI will lead validators to prioritize your transaction.

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Slippage Settings

• To set custom slippage, click 'Slippage: Custom %' and enter the desired slippage, between .01-50 (.01=.01%, 50=50%). For example, a token that is $5 and a person's slippage set at 50% is willing to pay a maximum of $7.55 per token.

• 'Slippage: Auto' automatically adjusts slippage based on the needs of the trade. Some trades may require higher slippage, whereas others require lower. Important to note is that auto slippage ranges from .01%-49%.