Hi everybody! Some help here will be really appreciated.
I did a swap on Pancakeswap yesterday - LIGHT for BNB. Before the swap I set a slippage tolerance of 10.
This is the transaction that got executed:
Tokens Transferred:
From ***** To PancakeSwap: LIGHT For 2,820 ($1,108.69) Lightning (LIGHT)
From PancakeSwap: LIGHT To PancakeSwap: Router For 2.727912290325843068 ($733.00) Wrapped BNB (WBNB)
As you can see, much more than 10% of price change.
Can anybody help me understand what happened here?
My assumption was that in case price fluctuations go over slippage tolerance PancakeSwap will rollback the transaction. It clearly didn't work like that.