In terms, slipspace is the same as warp from Star Trek.
Not exactly. Warp is bending the fabric of REAL space around the ship, so when you move forward in your ''bubble'' frame of reference, you are travelling at a perfectly reasonable speed. But relative to the outside universe, you are exceeding c.
Slipspace is more like subspace from stargate. It is a sort of ''different realm'' where the laws of physics are different. For example, a distance covered in the same time with the same velocity in slipspace is much smaller than that in real space. Sort of like a ''velocity constant'' that amplifies your displacement without altering velocity.
