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💴If you have received less than expected when placing a trade on a DEX, there is a pretty good chance of you getting hit by front runners.
🏃The term “front-running” refers to the process when someone uses technology or market advantage to get prior knowledge of upcoming transactions. Front-running happens via manipulations of gas prices or timestamps, also known as slow matching.
🥅The objective of a front runner is to buy a chunk of tokens at a low price and later sell them at a higher price while simultaneously exiting the position.
📊Trading of stocks and assets based on insider knowledge to take advantage of the price movement has been a well-known tactic.
⛓Splitting the transaction into multiple smaller transactions, periodic auction matching, and adjusting the low slippage are various ways to avoid front-running.
🗣Spread the word: https://twitter.com/AstraGuild/status/1544301986291806209
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