Are you trying to redeem multiple tokens in Pancakeswap but get an error? Does it happen repeatedly and want to find a way to get around it? Read the full article to find out how.
Trading crypto tokens is catching up all over the world and attracting more and more people every day.
But mistakes like Price Impact Too High Pancakeswap make people frustrated because they can’t currently redeem the chips they want.
What is Pancakeswap?
One of Ethereum’s biggest competitors is Binance Smart Chain (BSC), and Pancakeswap is a decentralized exchange operating on Binance Smart Chain. It is much cheaper than Ethereum, but promising. Pancakeswap enables its users to exchange between crypto assets using user-generated liquidity pools.
Pancakeswap has many other features as well, and you can earn tons of rewards as well. People are switching heavily from Uniswap or SushiSwap to Pancakeswap. In short, this is another food related Defi protocol.
Price Impact Too High Pancakeswap:
Sometimes, if you try to exchange two tokens, the conversion prices do not match the current market prices. In some cases, the difference can be as high as 90% or even more. Why is this happening?
The token prices are influenced by the liquidity provided by ETH-DAI. If the pair has more liquidity between them, you can get the closest market price, otherwise you will get the error: Price Impact Too High Pancakeswap. However, it will only show you an error if the price slippage between your trades is too great.
This is basically due to the Automatic Market Maker (AMM) and Liquidity Providers (LP) features. Nevertheless, there are several ways to fix this or get around the trade.
This is the mistake people get when trying to trade cryptocurrency assets. Let’s take a look at why this is happening and how we can fix it.
How to troubleshoot too high error?
• Changing the App Version – Here is one simple trick that works for most people if the transaction shows insufficient liquidity for that transaction. All you have to do is scroll to the bottom of the page and you will find “Version:” which is also an explanation of Price Impact Too High Pancakeswap then click on V1 (old). Enter the tokens you want to exchange again and Voila! No more bugs and limitations.
• The bug can also be fixed by Arbitrage users.
With more and more people joining the world of cryptocurrency trading, there are also more tokens and platforms. Cryptocurrency trading is complicated and new traders may encounter problems similar to the ones we mentioned above from time to time.
Have you or someone you know had a similar problem before?
Comment below and share this article with as many people as possible to protect them from the Price Impact Too High Pancakeswap error.