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What is slippage tolerance? How can I adjust it when swapping?

Slippage Tolerance is the pricing difference between the price at the confirmation time and the actual price of the transaction users are willing to accept when swapping on AMMs. Slippage tolerance is set as a percentage of the total swap value.
In the case of volatile markets or low-liquidity pools, users can complete the transactions faster and avoid failures by accepting a higher slippage and slippage tolerance percentage.

The default Slippage on SarosSwap is set at the standard rate of 0.5%, which is quite safe and applicable to most coins on the market. If you want to change this rate, follow these 2 steps:
Step 1: In the Swap interface, select the Settings icon at the top right corner.
Step 2: Select the appropriate Slippage Tolerance.

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What is slippage tolerance?
How can I adjust it when swapping?
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