Solana Fees
Optimizing Your Gas Settings on The Terminal for Solana Trading
When trading on the Solana blockchain using The Terminal, you have several customizable gas settings to fine-tune your transaction speed and success rate.
Priority Fee
Speed up your Transactions
The Priority Fee is an extra payment made to validators to increase the likelihood of a faster confirmation, especially in times of high network congestion and high volume tokens.
ℹ️ If network congestion is high, increasing your priority fee can help confirm transactions faster! Presets are available to users to make it extremely accessible to adapt your fees to the market status quickly!
Slippage Limit
Protect Against Price Variations
Slippage is the difference between the expected trade price and the actual executed price. Setting a slippage limit ensures your trade executes within your acceptable range.
ℹ️ For highly volatile assets, consider increasing slippage to reduce failed transactions! If you aren't using MEV protection, make sure to keep your slippage low to ensure your transaction does not get sandwiched!
MEV Protection
Maximize Profitability & Security
Maximal Extractable Value (MEV) represents additional profits validators can extract through transaction reordering (sandwiching).
- Enabled - Sends transactions only to Jito to optimize for MEV extraction and to prevent sandwiching efforts.
- Disabled - Transactions are broadcasted to both Jito and standard block leaders, increasing execution speed.
ℹ️ MEV protection is essential for preventing front-running but may slightly delay execution.
Bribe
Incentivize Faster Processing
A bribe is an additional incentive paid to validators to prioritize your transaction.
Modes of MEV Protection
The Terminal allows you to choose between a total of 3 MEV modes:
- Off - There's no protection against MEV bots, which means your trades are exposed to front-running. This will potentially result in worse entry prices.
- Reduced - This mode submits transactions via Jito for enhanced efficiency, but since rogue validators may still be involved, there's still a risk of MEV exposure.
- Secure - Our best form of MEV protection for transactions submitted through this method. This method may be slower because it will wait for a whitelisted validator to be available until it allows the transaction to process.
❌ The Terminal recommends using Secure mode whenever possible.
Recommended Settings for Optimal Speed & Security
Using analysis of current transactions, The Terminal automatically calculates the recommended bribe and priority fee to use for both speed and security!