What Happens When You Ignore Slippage? One Trader Just Found Out With a $50M Swap

A user attempted to purchase the AAVE token with $50 million worth of Tether through the Aave interface on March 12, but the trade executed poorly after the user accepted a warning about extreme slippage. According to Aave Labs founder and CEO Stani Kulechov, the transaction involved a single order of significant size placed through the Aave interface, which integrates routing infrastructure provided by CoW Swap. Bec…