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Explain the Concept of a “Minimum Received” Setting in a Trade Interface.

The "minimum received" setting is a user-defined parameter that specifies the lowest acceptable amount of the output token a trader is willing to receive after a swap. It acts as a slippage tolerance safeguard.

If the actual amount received, due to price changes or slippage, falls below this minimum threshold, the transaction automatically reverts, protecting the user from an unexpectedly poor execution price.

What Is a ‘Price Tolerance’ Setting and How Does It Manage Slippage Risk?
What Is a Maximum Acceptable Slippage Tolerance and Why Is It Set?
What Is “Slippage Tolerance” and How Does a Low Setting Make a User Vulnerable to Sandwich Attacks?
How Is Collateral Managed and Liquidated in a DeFi Smart Lending Contract?