Wallet Settings
Customize your DashBot!
Last updated
Customize your DashBot!
Last updated
Export Wallet Key or Seed Phrase
Export your private key or 12-word seed phrase for backup.
Important: Keep these secure offline and never share them.
Copy Wallet Address
Copy your public wallet address to deposit/receive funds.
Remove Wallet from DashBot
You can remove your current wallet from DashBot at any time.
Important: Before doing this, ensure you have a backup of your private key and seed phrase. Without the backup, you risk losing access to your funds.
Maximum Slippage
Dynamic Slippage: We use dynamic slippage, which automatically adjusts to the best slippage based on market conditions, up to the maximum slippage percentage you set.
Higher slippage allows transactions to go through despite price changes but can result in a less favorable price.
Lower slippage offers protection from significant price changes but may cause transactions to fail if the price moves too much.
MEV Protection
Enable MEV Protection to prevent bots from manipulating trades by front-running or exploiting price changes.
Disable MEV Protection to reduce costs, but this comes with the risk of potentially unfair practices that can affect your trades.
What is Slippage and MEV?
Slippage:
Slippage occurs when there is a difference between the expected price of a transaction and the price at which it is executed. This can happen if the market moves rapidly while the transaction is processing.
It is important to set an appropriate slippage tolerance to ensure your transactions go through as desired without overpaying due to price changes.
MEV (Maximum Extractable Value):
MEV refers to the ability of miners or bots to manipulate transactions for profit by placing their trades before or after yours (front-running or back-running).
Enabling MEV Protection helps prevent such manipulation, ensuring fairer execution of your trades. Disabling it may result in faster transactions but could expose you to unfair market practices.
Private Key/Seed Phrase: Always store securely offline. Never share them.
Slippage & MEV: Customize based on your risk tolerance and trading needs. Setting the right slippage and enabling MEV protection can help you avoid unfavorable outcomes in trades.
Wallet Management: You can export your wallet to other wallet providers at any time and also add or create a new wallet for easier access and management.
Note: AssetDash does not have access to your private key or seed phrase. These details are only accessible by you, and if you lose them, you risk losing access to your funds permanently. Always store them securely offline.