Why swapping back does not restore the original amount
Use a controlled AMM example to distinguish reversible curve movement from the fees and state changes that make a real round trip lose value.
Explore the reference
Start with what an aggregator does, what a quote means and how an on-chain trade settles.
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Use a controlled AMM example to distinguish reversible curve movement from the fees and state changes that make a real round trip lose value.
Understand validity deadlines for swap transactions and signed orders, and why an expiry is not a promise of timely execution.
Explain why one token pair can have several pools across venues, versions and fee tiers, and how that affects route discovery.
Explain why an ERC-20 swap can show zero native transaction value even while it transfers a substantial token balance.