How to Configure Settings
Swap Settings
There are 2 settings that you should take note of when trading on a blockchain. These settings are uncommon in traditional contexts, and it might seem like a friction but it is to help you trade safer and smoother.
Transaction Fees
In Solana, you need to pay a base fee of 0.000005 SOL for every transaction you attempt to make. However, as the Solana network receives more usage and traffic, more transactions will attempt to compete for the same amount of space.
This led to the introducion to Priority Fees. It is an optinal fee that you can pay to boost the prioritization of your transaction, allowing it to process earlier, resulting in faster execution times.
Slippage
When trading in Decentralized Finance, you will often hear the term slippage. A quick and easy way to understand slippage is, you receive a quotation of a certain trade, but during execution, the price would have very likely moved, and this causes slippage.
Hence, in most DeFi apps, you will be able configure your slippage thresholds in percentages, where during execution, if price moves against you in some percentage, the trade will fail.
We agree with you, it can be daunting to think about these settings.
At Jupiter, we do our best to continously improve your experience, we have designed a few iterations starting from just a simple configuration which slowly evolved into a dynamic mechanism where you configure less, and swap with more confidence.
Check out how to use the Auto / Manual Settings below!
Auto / Manual Swap Settings
- Select the Gear icon on the Swap Form to choose your Swap Settings Mode.
- Choose between Auto or Manual depending on how you like it.
- Swap away! If you need any assistance, please reach out to us in Discord.
Feature | Description |
---|---|
Auto Mode | Recommended for beginners or those wanting a simplified experience. Automatically selects optimal settings for a quick and easy swap process. |
Manual Mode | Suited for experienced users seeking detailed control over their swap. Allows adjustments of parameters for a customized experience. |
If you choose Auto
- Slippage is determined for you using Dynamic Slippage, which estimates based on a few factors, especially the types of tokens you are trading.
- Transaction Fee is determined for you using our Dynamic max cap based on your trade size.
- Decide if you want to enable MEV Protect. When enabled, your transactions will be sent directly to Jito block engines, minimising the risk of sandwiches for you.
Do note that your transactions may at times fail or be slow to process as not all validators are using Jito block engine.
If you choose Manual
You can decide 3 levels of settings:
Slippage
- Choose between Dynamic or Fixed.
Slippage Mode Description Dynamic Slippage Dynamic Slippage estimates based on a few factors, especially the types of tokens you are trading. Fixed Slippage Whereas for Fixed, we adhere to your specificed slippage threshold percentage for your swaps. Transaction Broadcasting
- Broadcast Mode: Choose from between these.
Broadcast Mode Description Priority Fee Sends your transaction to a typical RPC and pays with Priority Fee to increase prioritization. Jito Only Sends your transaction to a Jito RPC and pays with a Jito tip to ensure it is included in the block, which also enables your transaction to be MEV protected. Both Sends your transaction vai both methods. If you are using the Both method- When your transaction lands via typical RPCs, your priority fee will be paid.
- When your transaction lands via Jito client validators, both your priority fee and Jito tip will be paid.
Also, MEV Protect in Auto mode is also Jito-Only in Manual mode.
- Priority Level: Specify the Priority Level, in increasing priority: Fast, Turbo, Ultra for the transactions you are executing. The higher the priority, the higher the fees.
- Fee Mode: Pick your preferred Fee Mode. Either specify a Max Cap for your fee or an Exact Fee for your transactions, we also do provide the Dynamic max cap that estimates based on your trade size.
Advanced Settings
- Direct Route Only: Enabling this will ensures that the transaction will only be submitted to a single pool. This will limit a lot of intermediate tokens and filter out a lot of other viable routes that use intermediary tokens.
- Use wSOL: Using Wrapped SOL (wSOL) makes using Jupiter faster and more convenient for traders who trade frequently with SOL, since it avoids having to wrap/unwrap SOL.
- AMM Exclusion: Enabling this will exclude specific AMMs from the routing. This will limit these AMMs in the transaction that you’re making. It can lead to a worse quote. Do note that this setting is not sticky, meaning it will revert to original state if refreshed.
Global Settings
- Language: Pick your preferred language to navigate jup.ag.
- Preferred Explorer: Pick your preferred explorer from Solscan, SolanaFM, Solana Beach, Solana Explorer, XRAY, and OKLink.
- Versioned Transaction: Enabling Versioned Transaction improves composability so Jupiter will be able to fit in more routes and get even better pricing all in a single transaction.
- RPC Endpoint: Pick your preferred public RPC endpoint or use your own custom RPC endpoint. Each RPC Endpoint displays its active end-point latency.
- Due to network traffic loads, RPC endpoints can get overloaded, which can lead to latency issues that will directly impact your trade executions. Selecting the lowest latency option is a best practice to ensure the fastest trade execution.
Last Updated: 5 November 2024