# TWAP TWAP (Time-Weighted Average Price) lets you execute large trades over time by splitting them into smaller chunks and sending them at regular intervals. This reduces market impact and helps you get a better average price. *** ### Why use TWAP on Liquid? * **Low fees**\ Liquid offers some of the lowest taker fees in the market. * **Smart execution**\ Orders can be randomized in time to prevent front-running and execution manipulation. * **Smoother fills**\ Avoid large, sudden trades that can move the market against you. *** ### What is Slippage? **Slippage** is the difference between the price you intended to trade at and the price you actually get.\ TWAP helps minimize slippage by spreading your order over time and reducing price impact. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.tryliquid.xyz/trading/twap.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.