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⚡️ DegenPhone goes live today!
Launch Pool opens 7 August, 19:00 CET — 1,000 NFT phone numbers.
Most of us still rent a number from a carrier and pay more every year while tech gets cheaper. Carriers collect and sell our data, and SIM-based hacks have multiplied. With AI tools going mainstream, those attacks will only grow.
What DegenPhone brings
⭐️ Number = NFT. You own it as long as the token sits in your wallet. ⭐️ Real Tier-1 eSIM (EU/US). ⭐️ Full privacy. No passport, no selfies, no SIM-swap risk. ⭐️ SMS from any service (banks, exchanges, 2FA, Uber). Voice is on the near roadmap. ⭐️ Liquid asset. Transfer, sell, or gift in one transaction. ⭐️ API. A bot reads the code and confirms signup for you.🙁 Missed anonymous numbers on Fragment? Floor there climbed from 9 TON to ~900 TON (×100). Check what DegenPhone adds on top NFT eSIM vs Anonymous Numbers
Real eSIM Fragment: No ❌ DegenPhone: Yes ✔️ Use cases Fragment: only one — within the Telegram messenger ❌ DegenPhone: full telephony ✔️ (registration on multiple platforms and messengers, SMS reception from any service: banking, exchanges, 2FA, Uber) Voice calls Fragment: No ❌ DegenPhone: On the near roadmap ✔️ Bot/AI integration Fragment: No ❌ DegenPhone: yes ✔️ NFT ownership & privacy Fragment: yes ✔️ DegenPhone: yes ✔️Fragment grew on Telegram login alone. DegenPhone delivers more utility, so demand can be even higher. Get in early! How the multiplier works ⚡️ You can stake any amount of TON. ⚡️ The earlier the pool level, the bigger your bonus
Let’s take an example: you stake 100 TON. Then: • while the pool is under 10 000 TON, your stake counts as 200 TON (+100% multiplier) • under 25 000 TON, it counts as 175 TON (+75% multiplier) • under 50 000 TON, it counts as 150 TON (+50% multiplier) The earlier you join, the more NFTs you get for the same amount📱 Connect your wallet and stake TON before the pool opens Bonus: one of our referrers will win a Telegram gift — 🎁 Tama Gadget #68508 on a black background!
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⚡️ July at Storm Trade — snapshot
While the dev team works on a major upgrade, here’s a quick look at last month’s numbers:
⚡️ Volume: $370 million — the platform’s best month so far. ⚡️ Buybacks: 3.2 million STORM purchased and shared with stakers. ⚡️ Yield: TON Vault returned +0.7 % with no leverage. ⚡️ Top P&L: +$22.9 k booked by the leading trader. ⚡️ Most-traded pairs: TONDEGEN, BTCDEGEN, and native $TON.Interesting detail: 58 % of positions were long, 42 % short — a healthy balance of opinions, right? 😉 What do these numbers tell us? ➡️Higher liquidity, lower slippage. Big volume makes entries and exits cheaper. ➡️Buybacks lift staking APR. More trading means more STORM bought and paid out to stakers. ➡️Passive vaults stay useful. Moderate but steady returns compete well with simple holding. ➡️Strong P&L draws risk-takers. Big wins are possible — but the same goes for losses. ➡️Demand for Degen pairs keeps climbing. Other TON projects may copy the idea, yet risk control is still the key. Storm Trade keeps growing, and with it the options for traders and investors. A protocol update is on the way — stay tuned and trade responsibly. 💛 🚀 Web | Mini-app | Chat | Channel #StormTrade #DeFi #Web3 #CryptoNews #Trading #TradeSmart
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⚡️ July at Storm Trade — snapshot
While the dev team works on a major upgrade, here’s a quick look at last month’s numbers:
⚡️ Volume: $370 million — the platform’s best month so far. ⚡️ Buybacks: 3.2 million STORM purchased and shared with stakers. ⚡️ Yield: TON Vault returned +0.7 % with no leverage. ⚡️ Top P&L: +$22.9 k booked by the leading trader. ⚡️ Most-traded pairs: TONDEGEN, BTCDEGEN, and native $TON.Interesting detail: 58 % of positions were long, 42 % short — a healthy balance of opinions, right? 😉 What do these numbers tell us? 🟠 Higher liquidity, lower slippage. Big volume makes entries and exits cheaper. 🟠 Buybacks lift staking APR. More trading means more STORM bought and paid out to stakers. 🟠 Passive vaults stay useful. Moderate but steady returns compete well with simple holding. 🟠 Strong P&L draws risk-takers. Big wins are possible — but the same goes for losses. 🟠 Demand for Degen pairs keeps climbing. Other TON projects may copy the idea, yet risk control is still the key. Storm Trade keeps growing, and with it the options for traders and investors. A protocol update is on the way — stay tuned and trade responsibly. 💛 🚀 Web | Mini-app | Chat | Channel #StormTrade #DeFi #Web3 #CryptoNews #Trading #TradeSmart
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VERB Raises $558M to Acquire TON
VERB (ticker VERB) is securing approximately $558 million in funding to build a public TON treasury. With these funds, the company plans to buy Toncoin ($TON) and hold it as its primary reserve asset.
The goal is to become the first public company whose core “cushion” consists of TON — effectively treating TON as a reserve asset on its balance sheet. VERB expects to earn both from TON’s price appreciation and staking rewards.
Once the deal closes (scheduled for August 7, 2025), VERB will rebrand as TON Strategy Co. (TSC) and continue growing its existing projects.Investors: Over 110 institutional and “crypto-native” participants, including Pantera, Animoca, Kraken, BitGo, Vy Capital, Ribbit Capital, and Graticule (GAMA). Advisors & Partners: Experts from Kingsway Capital, TON Foundation, and Blockchain.com will join governance. Having Pantera, Animoca, Kraken, and BitGo on board is meant to add both expertise and trust. Leadership Team:
Executive Chairman: Manuel Stotz (Kingsway Capital; President, TON Foundation) CEO: Veronika Kapustina (former TON Foundation advisor; ex-Morgan Stanley) CFO: Sara Olsen (Europa Partners; former Onyx by JPMorgan) Special Advisor: Peter Smith (CEO & Co-Founder, Blockchain.com)VERB is betting that TON will remain the main blockchain for Telegram’s product ecosystem. As Telegram’s ecosystem grows, so could the value of VERB’s TON reserves. Post-Closing Metrics:
➡️Lock-up: ~36% of equity for 6–12 months ➡️Cash Ratio: ~77% cash among DAT companies holding non-BTC/ETH assets — one of the highest in the sector ➡️TON Treasury Size: ~5% of TON’s circulating market cap ➡️Capacity for Further TON Accumulation ➡️Ticker: VERB remains listed on Nasdaq, with the new treasury strategy effective post-close ➡️Advisors: Cohen & Company (placement), Reed Smith, Perkins Coie, Brownstein Hyatt Farber Schreck, Morgan LewisRisks: This is a private placement (PIPE) with standard risks: the transaction may not close, markets could decline, and the strategy might underperform. VERB discloses these risks in its disclaimer. Read press release 🔃 StormTrade | ❤️ Antarctic | ❤️ CapsGame |📱 Degenphone #TON #Telegram #PIPE #Verb #Investments #Treasury
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⚡️ DEGEN PHONE – real eSIM-powered NFT numbers are almost here!
Launch-Pool opens Thursday, 7 August at 19:00 UTC+3
1 000 fresh phone numbers will be minted on TON – each backed by a real eSIM.
🔥 1 000 unique numbers 🔥 No KYC, Tier-1 EU/US eSIM, SMS ready on day one (voice in progress) 🔥 Your number = an NFT asset – hold it, gift it, or trade it on TON markets 🔥 Our partner — Nicegram❤️ Why this project is unique? ⛏️ NFT Number Mint an exclusive phone number as an NFT – your digital key to incoming SMS inside our web dashboard. ⚙️ Instant Tier-1 eSIM Activate in seconds with a QR code – no plastic, no roaming. ↗️ Fully liquid asset Transfer, sell, or auction the NFT just like any other TON token. 🤖 Bot-friendly API Let AI agents pull and parse SMS codes automatically – perfect for mass account creation. 🔒 True privacy No link to your personal data, no SIM-swap risk, no KYC – every number is brand-new.
✔️ Market proof Fragment.com sold 136 000 Telegram numbers for $100 M – and they were SMS-only. Degen Phone adds full telephony plus on-chain liquidity. ✔️ 🎉 Giveaway 💵10 000 for early-adopters Stake TON in the bot before launch and join the draw: t.me/DegenPhoneTonBot ✔️ First real bridge between blockchain and telecom Your phone number becomes an on-chain, programmable asset.Key numbers 🔵 1 000 numbers in the Launch-Pool – distributed by share of TON staked 🔵 2 000 more numbers via the follow-up auction 🔵 Floor price on auction: 100 $TON 🔵 Auction window: 72 hours ➡️ Start-pool pricing is available only in the Launch-Pool – join via the bot while it lasts 📱 Stay in the loop! Telegram | X | Getgems #NFTNumber #eSIMNFT #eSIM #NoKYC #PrivacyTech #EarlyMint #MintAlert #web3 #Crypto
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MyTonWallet v4.0 — July Update Overview
⚡️ Instant Transfer Display
Incoming transfers now appear on the recipient’s side immediately after the sender confirms the transaction. While this doesn’t speed up the blockchain itself, it sets a new UX standard — you see the transfer right away, even before it hits the block.
#MyTonWallet is the first wallet to achieve this level of speed in displaying transactions.
💡 Combined with recent TON Core updates — where transactions confirm in ~5 seconds under average network load — using TON is now smoother than ever.
👍 Refreshed Interface
The wallet UI got a fresh polish: updated main card, tabs, balance display, and token color scheme — all now cleaner and more modern.
The design comes from the new native app, MyTonWallet Air, which is currently in testing.
💱 Send and Stake in Fiat
You can now enter amounts in familiar fiat currencies like USD, EUR, RUB, and more — great for beginners or anyone dealing with fiat.
👨💻 Better dApp Support + TON Connect
Improved experience when working with decentralized apps via TON Connect. Plus, new features for devs and power users:
🔵 Import wallets of any version
🔵 Create wallets that work exclusively on TON
#MyTonWallet #CryptoWallet #TON #UX #Web3 #TONConnect #CryptoNews
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Bidask: $RAFF & $WEB3 Listings, MyTonWallet & DeWallet Integration + Meme Contest
🏴 Two new tokens are now live on Bidask:
• $RAFF — from the Ton Raffles ecosystem • $WEB3 — from the .ton domain ecosystemBoth are now tradable in pairs against #TON. The WEB3/TON pool features boosted farming through August 5, with up to ~44% APR — rewards in $WEB3 scale based on daily trading volume:
➖ $12.5/day if volume > $10,000 ➖ $25/day if volume > $15,000 ➖ $37.5/day if volume > $18,000 ➖ $50/day if volume > $20,000 ➖ $67.5/day if volume > $23,000 ➖ $75/day if volume > $25,000🏆 Bidask Meme Contest Create a meme about Bidask Protocol, post it on X (Twitter) with the hashtag #BidaskMemeContest, and share it in the contest thread in the “meme contest thread” in the Bidask chat. Only memes posted in both X and the chat thread will qualify. Contest runs through August 7. Prizes include:
🥇 1st — Toy Bear #52238 🥈 2nd — Record Player #10315 🥉 3rd — Crystal Ball #3932 🏅 4th — Light Sword #7136 🏅 5th — Light Sword #72658👛 Wallet Integrations #MyTonWallet and DeWallet (by DFC ecosystem) have added Bidask DEX support — making it even easier to swap and farm. 📈 Top APRs on Bidask DEX right now: • HYDRA/TON — ~1250% APR • TON/USDT — ~87% APR Bidask DEX |Channel #Bidask #WEB3 #RAFF #DeFi #YieldFarming #CryptoNews #CryptoTrading #TON #TONBlockchain #DEX
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$9.5 million investment for STON.fi
Major investors Rabbit Capital and CoinFund have invested in STON.fi, closing the Series A funding round.
CoinFund is the main investor in STON.fi, the team had already received funding from them in 2024. At that time, CoinFund closed the seed investment round as the lead investor.
The Series A funding round is the first stage of investment in a company following the seed round.What will the funds be used for? ☑️Cross-chain functionality in Omniston ☑️Creation of concentrated liquidity pools ☑️Development of a native limit order function ☑️Creation and implementation of DAO The Investment Director of CoinFund emphasized:
“STON.fi quickly became the gravitational center of DeFi activity on TON, and this is just the beginning.”Read the full post on the official STON.fi channel #STONfi #TON #DEX #CoinFund
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Latest updates from ❤️ Swap Coffee
💸 FDUSD (First Digital Trust) integration
Now aggregator lets you swap the stable-coin FDUSD with minimal price impact. Liquidity pool for #FDUSD are already live on TONCO.
💱 Partnership with Coindisco (a platform for buying and selling cryptocurrencies)
The On-Ramp tab now offers extra ways to buy or sell crypto: Revolut, Stripe, MoonPay, and Banxa.
🎙 New podcast episode
Guest: Konstantin Zherebtsev, CEO of Bemo.
Topics we covered: ⚪️ What liquid staking really is ⚪️ Should you trust audits? ⚪️ Why the stXP token matters ⚪️ The current state of DeFi in the #TON ecosystemSwap Coffee app | Channel
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What is sGIFT and how to work with it?
🎁 sGIFT is an index of the 15 largest Telegram gifts, compiled from transactions on top marketplaces, cleaned of noise and wash trades. Trade with leverage up to ×3, in $USDT or $TON, with a 1% commission and OI up to $50K in each direction.
It is also worth mentioning the risks: experimental methodology, possible high volatility, and order failures.
❓ How to profit from it: 3 practical cases
1. A new collection is released → short signal 🌡
The launch of a new gift collection is usually accompanied by a surge of activity around it, but if it is not included in the index, it will most likely cause an outflow from old collections: selling one Plush Pepe or Durov's Cap and buying a couple of dozen new items sounds reasonable. This is a signal to open a short, expecting a correction.2. Update of 5 collections released → short signal 🌡
After a major update of several popular collections, new gifts come into focus, buying/selling happens mainly on them, which reduces interest in old collections. The index reacts with a drop — we catch the moment for a short.3. Profile with 1000 gifts blocked → long signal 🧪
If Telegram moderation blocks a channel-marketplace with a large collection (say with 1000 NFTs in the profile), the overall liquid volume in the market decreases, the index lacks "cheap" lots — the index price starts to rise. We open a long.💵 What other ways to use the index come to your mind? #StormTrade #TelegramGift #PlushPepe #Tonnel #MRKT #Portals 🚀 Web | Mini-app | Chat | Channel
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EVAA news review: stable pools, Ethena boosts, built-in aggregator update, and Summer DeFi
😇 EVAA has a new Stable Pools tab – USDe, tsUSDe, PT tsUSDe from FIVA, and basic USDT are available. All of this can be looped just like with regular tokens, but the risk of liquidation is lower here, since you are using stablecoins. For USDe now has about 37% APY.
💲 TsUSDe currently has increased boosts about ~10% APY, but this is only available for the first 10 000 #tsUSDe that you deposit in EVAA, you also need to have a TON ID.
☕️ Swap Coffee's built-in dex-aggregator has been updated: the router has been changed, gas fees have been reduced, limit orders, DCA, and protection from MEV bots have appeared. For each swap in #EVAA you still get XP.
🏖 DeFi Summer – EVAA together with FIVA, SydeFi, Upscale and GVWS bot launched a giveaway for ~$50,000, although the reward is given out in XP points from each project, not in USDT. Participate here, and the campaign itself will last until August 27.
EVAA app | News
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🏖 Summer DeFi on the GVWS platform
Summer DeFi is exactly the kind of event where you can earn money while lying in a hammock and sipping lemonade. The biggest DeFi marathon of the year on TON with a prize fund of $50,000 and guaranteed (so far) winnings from five key projects.
🎁 GVWS SocialFi
😇 EVAA Protocol
💎 Syde Protocol
🏳️ FIVA Protocol
🆙 Upscale
💵 Prizes:
🟢5M EVAA XP
🟢341.5K Syde Karma Points
🟢100k FIVA XP
🟢$30K Deposit Upscale
Earn money while chilling!
#EVAA #Upscale #SyDeFi #FIVA #GVWS #DeFi #web3
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MyTonWallet ambassador program expansion and AMA-session results
🏴☠️ Starting from the second season, the MTW team will expand the list of authors and KOLs for content creation amb, this time 5 new places will be available. Applications must be submitted by August 3rd.
🎙 AMA Results – MyTonWallet x TON, the call lasted about an hour.
"Earlier this month, our founder Alexander Zinchuk joined TON for a live AMA on 𝕏 to share exciting updates and give a sneak peek at ambitious plans ahead."#MyTonWallet #MTW #TON
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🚀 TON Tokens: Is the Memecoin Scene Waking Up?
The TON ecosystem keeps growing. Alongside the memecoins themselves, new services appear that make it easier to track data and trade. Trading bots are still few, but the trend is up.
🔍 @x1000 — a token aggregator and chat assistant
The bot pulls key stats on any token and replies as soon as someone posts a contract address. It works in direct messages or group chats, auto-showing fresh info.
We’ve already added @x1000 to our work chat — no need to dig through explorers; the bot does it for us.
👨💻 What the developer plans next
Stepan, the creator (link above), says the next updates will add: 🟠 detailed holder stats 🟠 info on dev teams 🟠 a honey-pot check (can you actually sell the token?) 🟠 a scanner for new coins by custom filters 🟠 a possible scam indicator💻 Try the bot now in the comments or via DM. Just send a contract address, for example:
EQA2kCVNwVsil2EM2mB0SkXytxCqQjS4mttjDpnXmwG9T6bO
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10 years ✨ Ethereum ! Get a free NFT on your ETH wallet
On July 30, 2015, the Ethereum genesis block was born, and since then this blockchain has changed the internet: from finance and property rights to decentralized applications and smart contracts.
In honor of this event, a free NFT has been released. This token is available only for a short time, so hurry to claim your exclusive digital souvenir and become part of blockchain history.
#Ethereum #NFT #10anniversary
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NFT Gifts, Premium, Ads: How TON Flows Changed in June
TL;DR: Stars saw the biggest jump, Premium subscriptions keep growing, withdrawals from channels and bots are down, and Fragment’s net TON accumulation nearly doubled. Below are four key sections explaining the numbers and what they could mean for the ecosystem.⭐️ Telegram Stars — the Main Driver 🔵 June 17: Rumors of new NFT gifts sent Stars purchases soaring — 1M TON in one day, 7.40M TON in June total, up 165% vs. May. 🔵 “Buy in advance”: Gifts only launched July 4, so a large share of TON is now locked in Fragment wallets instead of hitting exchanges. 🔵 Internal unit: Stars are turning into Fragment’s own currency — channels and bots increasingly accept them instead of other tokens. ⭐️ Premium and 🎁 Gifts: Steady Growth 🔵 Premium subscriptions grew +8.5% vs. May, even after the spring price hike. 🔵 NFT Gifts rose +40.4% vs. May, driven by themed collections and renewed interest. ✍️ Content Monetization in Telegram 🔵 Channel owners are keeping more earnings on Telegram — likely spending TON on Ads and Stars giveaways. 🔵 Bot withdrawals fell, probably due to new fees and more TON-to-TON payments inside bots. 🪙 Net Accumulation: +134% vs. May 🔵 Since January 2025, Fragment has locked up 24.9 M TON (~$77 M), meaning over half of all inflows stay on the platform. 🔵 The longer TON sits in Telegram services, the less supply hits external exchanges — a potentially bullish factor. 🔎 What to Watch Next 🔵 Stars with real-world merchants — Q4 pilot tests planned. 🔵 Ads v5: Expanded bot targeting could reshape creator earnings. 🔵 Wallet 2.0: In-chat p2p TON payments and their effect on inflows/outflows. Let’s see if July can at least hit the previous 10 M TON inflow, or if June’s fireworks were a one-off.
By the way, you can now 🎁 trade the Telegram Gifts index — that is, the price of all items on the Gifts market. When the average floor price goes up, the index goes up too, and vice versa.Gifts 🧪 up or 🌡 down? #TON #Fragment #TelegramPremium #Telegramgifts #Stars #NFT #Crypto
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NFT Gifts, Premium, Ads: How TON Flows Changed in June
TL;DR: Stars saw the biggest jump, Premium subscriptions keep growing, withdrawals from channels and bots are down, and Fragment’s net TON accumulation nearly doubled. Below are four key sections explaining the numbers and what they could mean for the ecosystem.⭐️ Telegram Stars — the Main Driver 🔵 June 17: Rumors of new NFT gifts sent Stars purchases soaring — 1M TON in one day, 7.40M TON in June total, up 165% vs. May. 🔵 “Buy in advance”: Gifts only launched July 4, so a large share of TON is now locked in Fragment wallets instead of hitting exchanges. 🔵 Internal unit: Stars are turning into Fragment’s own currency — channels and bots increasingly accept them instead of other tokens. ⭐️ Premium and 🎁 Gifts: Steady Growth 🔵 Premium subscriptions grew +8.5% vs. May, even after the spring price hike. 🔵 NFT Gifts rose +40.4% vs. May, driven by themed collections and renewed interest. ✍️ Content Monetization in Telegram 🔵 Channel owners are keeping more earnings on Telegram — likely spending TON on Ads and Stars giveaways. 🔵 Bot withdrawals fell, probably due to new fees and more TON-to-TON payments inside bots. 🪙 Net Accumulation: +134% vs. May 🔵 Since January 2025, Fragment has locked up 24.9 M TON (~$77 M), meaning over half of all inflows stay on the platform. 🔵 The longer TON sits in Telegram services, the less supply hits external exchanges — a potentially bullish factor. 🔎 What to Watch Next 🔵 Stars with real-world merchants — Q4 pilot tests planned. 🔵 Ads v5: Expanded bot targeting could reshape creator earnings. 🔵 Wallet 2.0: In-chat p2p TON payments and their effect on inflows/outflows. Let’s see if July can at least hit the previous 10 M TON inflow, or if June’s fireworks were a one-off. By the way, you can now trade the Telegram Gifts index on Storm Trade — that is, the price of all items on the Gifts market. When the average floor price goes up, the index goes up too, and vice versa. Gifts 🧪 up or 🌡 down? #TON #Fragment #TelegramPremium #Telegramgifts #Stars #NFT #Crypto
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⚡️ Storm Trade and 🏳️ FIVA: fixed income on your SLP
A simplified mode for working with FIVA and Storm $SLP has appeared. Now you can invest USDT or TON and receive a fixed rate without delving into the technical details of the protocol.
How to start?
1. Open the simplified mode 2. Deposit $USDT or $TON. 3. In the list of income sources, select ⚡️ Storm Trade. 4. Confirm the operation. FIVA will automatically convert the deposit into $SLP tokens and lock in the fixed coupon.How income is generated: ✅ Lending platforms: borrowers pay interest. ✅ Trading venues: traders pay fees for transactions. ✅ TON staking: validators receive rewards for securing the network. ✅ Algorithmic strategies: services like Torch or Ethena generate income from market imbalances. ✅ FIVA aggregates these streams and distributes them among depositors. All fund movements can be tracked on the TON blockchain. 👍 Advantages:
⚫️ The fixed rate is locked in when funds are deposited — convenient for income planning. ⚫️ Telegram interface: no separate wallets or browser extensions required. ⚫️ Automatic diversification: funds are distributed among verified protocol platforms. ⚫️ On-chain transparency: transactions are available for verification at any time. You can learn more about working with fixed income in the FIVA documentation.If you need predictable income on USDT or TON in the TON ecosystem, the simplified FIVA mode with the choice of Storm Trade can be one of the options. #StormTrade #FIVA #DeFi #Web3 #CryptoNews #TradeCrypto
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Testing Bitunix: What Traders from the CIS Should Know
I’ve started trying out the new Bitunix exchange, which we’ve recently partnered with. It’s great to see a Tier-1 CEX with all the tools you need, low fees, and no KYC 👍
Under the hood:
✔️ Up to 8 charts in one window. Track multiple pairs at once. ✔️ High liquidity. Orders execute without slippage, plus there are built-in guaranteed Stop-Loss/Take-Profit. ✔️ No KYC required. A real plus. ✔️ Strong CIS community support. You won’t feel ignored like on other platforms. ✔️ Active marketing and tournaments. Big giveaways and contests run constantly — often bigger than the competition’s. ✔️ Great partner program. The team is open to discussions — worth checking out if you’re looking for a collaboration. ✔️ Impressive trading volume and insurance fund. ✔️ Multiple licenses, including a U.S. license. Rare among modern CEXs.If you’re trading actively and want a fresh interface ➡️ give Bitunix a try: claim 50% off trading fees. Plus, from July 26 to August 5, you can claim a futures bonus of 25, 125, or 250 USDT — depending on your deposit size (see image). #Bitunix #CryptoTrading #CEX #NoKYC #LowSlippage
