Solana Fees

Optimizing Your Gas Settings on Cipher for Solana Trading

When trading on the Solana blockchain using Cipher, you have several customizable gas settings to fine-tune your transaction speed and success rate. Below are detailed breakdowns of each setting and how to optimize them.

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.

• PRIO: Enter the amount you are willing to pay for prioritization. The Default Value is 0.001.

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.

• Max %: Enter the maximum slippage percentage you're willing to accept

  • Example: Setting 1000% means you will accept up to 10x price movement before cancellation

• Adjust the value based on market volatility and your risk tolerance.

Tip: For highly volatile assets, consider increasing slippage to reduce failed transactions!

Tip: If you aren't using MEV protection, make sure to keep your slippage low to ensure your transaction does not get sandwiched!

Modes of MEV Protection

Cipher allows you to choose between a total of 3 MEV modes. These modes consist of "Off", "Reduced" and "Secure".

• 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. A Higher tip increases transaction safety, ensuring safe transaction execution. It is NOT 100% effective.

• 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.