Moo! This week’s highlight on Fluidkey is @CoWSwap
CoW Swap is a trading protocol that ensures users get the most out of their swaps
More below!
With a typical decentralized exchange like Uniswap you trade in an AMM pool
Your transaction goes to the public mempool and executes on its own at the pool’s price
This can lead to transaction sandwich attacks (MEV)
With CoW Swap, transactions are batched and solvers compete to execute the batch at the best price for end users
This prevents sandwich attacks and also makes the transaction gasless for end-users
by Flashbots is a great resource to visualize the parties involved in a CoW Swap transaction, including the multiple competing solvers
Next to standard swaps, CoW Swap is well suited for limit and TWAP (time-weighted average price) orders as transaction intents can be placed offchain and executed at the best price when they are triggered
Today, the protocol processes about $12b transaction volume per month and earns about $1.5m in monthly revenues
CoW Swap is making onchain trading safer and more powerful, we’re excited to keep watching as they innovate!
You can now claim some COW on Fluidkey.
See you next week!
3.84K
13
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.