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Slippage, MEV protection and gas are in /settings → Trading. Each profile has its own, so each can trade differently.

Slippage

How far the price may move against you between your tap and the fill. Past that, the trade is refused and your USDC comes back. The default is 15%. Slippage is a limit, not a target: at 30% you agree to fill anywhere up to 30% worse, and on a calm pool you usually fill far inside it. Higher lets more trades through, some at a price you wouldn’t have chosen; lower gets a better price, but fast movers bounce more often.

Price impact

Price impact is your own trade moving the price, because you’re buying a big share of the pool. It depends on your size against the pool’s liquidity, and no setting removes it. Watch the Liq percentage on the token panel.

Liquidity protection

A buy that would move the price by more than 30% is refused, even at 100% slippage. A buy from a coin’s panel counts its network fees toward that too, and asks you first, so you can go ahead with that one; orders, copies, Auto Buy, buy links and multi-wallet buys are refused outright. Degen Mode turns it off and raises slippage to 100%, so a buy goes through however far it moves the price. Sells keep your normal slippage either way.

MEV protection

On by default, for Solana trades and Ethereum sells. A public trade can be seen before it lands, so a bot can trade in front of you and profit from the price your trade moves: a sandwich, which gets you a worse fill. With MEV protection on, these trades go through a private lane, so nobody sees them in time.

Gas preset

How hard your trades bid to land when blocks are busy. A higher bid doesn’t improve your price; it improves your odds of landing while others compete for the same block. On Ethereum, the preset also sets the tip on your sells, and a higher tip can take a sell past the gas Dawn covers. 🐢 Low costs least, but can land a block or two later.
Dawn pays this gas for you, up to $5 per trade. The preset changes what Dawn bids, not what you pay, unless the cost goes over that cap: see Gas Surplus.

Putting it together

A quiet, deep-liquidity coin

Low slippage, Medium gas. You will fill close to the quote.

A launch, minutes old

Higher slippage, High gas, small size. Expect impact and expect some trades to bounce.