Good decision! Whether swapping, LPing, minting, or transacting add MEV Blocker to your wallet for the biggest rebates of any RPC.

https://cow.fi/mev-blocker

For example, MEV Blocker paid $80K (24 ETH) 2 days ago 🤑 in a single rebate to a Uni v3 LP!

https://etherscan.io/tx/0xcb9c83567a230eda00c1421a342ad63b3e605d61ec7cb9a39c502350850c3aa9


https://x.com/cryptopunks_ce/status/1805615521548648663

Exciting news – @CurveFinance is using CoW Protocol for its new fee collection mechanism!

Curve has various sources of revenue, one via LP tokens. To distribute these fees, Curve first needs to convert them into a unified token. That's where programmatic orders come in.

A 🧵

With programmatic orders, Curve is able to collect fees from their AMM pools automatically and swap all fees together, efficiently, into a common target token – without any manual intervention.

https://blog.cow.fi/introducing-the-programmatic-order-framework-from-cow-protocol-088a14cb0375 

🤩

Curve's system works in 4 parts:

💰 Fee collector - Entrypoint Smart Contract (SC) for fee burning system
🐮 CoW Swap burner - SC which burns collected fees into a unified token
🪝 Hooker - SC that allows users to execute Hooks
🪝 Fee distributor - SC that distributes fee tokens

You can find a more detailed explanation of how Curve's new fee collection mechanism works in their docs:

https://docs.curve.fi/curve_dao/fee-collection-distribution/curve-burner/overview/ 📒

https://resources.curve.fi/governance/fee-collection-distribution/ 📒

And you can see Curve's new fee collection mechanism in action, today. 

Take a look at this feeBurner order 👉

https://explorer.cow.fi/tx/0x9e85293be807c6d3926580d716a5e0ca9672c5b5ea2a64eac2f35c78b5bc7d4a?tab=orders, where 7 adminFees orders were submitted to settle at the same time for a single token.

All the 7 orders were created automatically by the fee collector, and placed inside the CoW Protocol order book.

As you can see, the settlement is complex due to the involvement of various contracts and the exotic nature of the Curve LP tokens.

On average, these 7 orders, got 75% more CRVUSD tokens than they asked for (😳) thanks to CoW Protocol. They would not have been able to achieve results like this with hard-coded execution paths.

To find more orders like this, see Etherscan: https://etherscan.io/address/0xC0fC3dDfec95ca45A0D2393F518D3EA1ccF44f8b#tokentxns

Thanks to CoW Protocol, Curve can submit orders without knowing the price in advance, ensuring fair market prices. This ability to program orders without hardcoded paths has reduced maintenance and achieved better prices for Curve.

TL;DR

Programmatic orders from CoW Protocol enable a range of complex DeFi actions. @CurveFinance is now using them to automate its fee collection process, and getting superior results for veCRV holders. 

Come build any DeFi action you can imagine 👉 https://docs.cow.fi/category/tutorials?utm_source=cow.fi&utm_medium=web&utm_content=link 🐮

Curve Finance Adopts CoW Protocol for Fee Collection

Why now?

TL;DR

1. CoW DAO is different than it was at launch
2. CoW DAO's promise is more relevant than ever 
3. Telling CoW DAO's story is more important than ever

More below 👇

1. CoW DAO is different than it was at launch

CoW DAO was created to support CoW Protocol, but over the past two years it has launched two more mission-aligned products: MEV Blocker (the #1 MEV protection RPC) and CoW AMM (the first MEV-capturing AMM). 

Supporting 3 products behind CoW Protocol proved awkward and confusing, so we're re-emphasizing CoW DAO over CoW Protocol, and will start thinking about all CoW DAO products as a house of inter-connected and mission-aligned brands. ☂️

Not only does the new brand provide a framework to hold existing products together – it creates a flexible and cohesive identity system that anticipates possible future launches as well, while making it easier to cross-promote every brand in the family.

2. CoW DAO's promise is more relevant than ever 

Users can do a lot of amazing things with crypto (even more thanks to CoW DAO innovations!) but the risk of getting rekt – from MEV, LVR, and more – is growing, not shrinking. This holds crypto back from its full potential.

Through its evolution, CoW DAO has stayed true to its original promise. And today we articulate that promise more clearly.

Mission: 
CoW DAO exists to protect users from the dangers of DeFi

Brand promise: 
When you're protected from bad outcomes, you're free to do what you want

This mission and brand promise will continue to guide everything we do, from product to marketing and more.

It rings true to our closely-held beliefs, to our role in the ecosystem, and to our carefree heritage. 

3. Telling our story well is more important than ever

The industry is competitive, with copycats around every corner (intents anyone?). As CoW DAO continues to grow, telling a clear, authentic, and resonant story will help generate needed awareness and salience for our products.

Importantly, we often hear that we need to be more serious in order to communicate the benefits of our seriously-innovative technology. At the same time, we know the moo is magical. 

So a key design challenge for us was to develop a brand that was both playful and polished.

The new brand manages the tradeoff between play and polish well – giving clear guidelines for how to be serious and innovative, and freedom within the framework for when we want to let our hair down. 

Don't worry, we'll never stop mooing. 🐮

So check out CoW DAO's projects:

🐮 CoW Swap – cow.fi/cow-swap
🐮 CoW Protocol – cow.fi/cow-protocol
⛱️ MEV Blocker – cow.fi/mev-blocker
🐮 CoW AMM – cow.fi/cow-amm

All nestled safely under one big barn roof:

🐮 CoW DAO – cow.fi 

🙏

Don't get milked ™️

Mooooooooooooooooooooooooooooooooooooooooo 🐮

CoW DAO's New Brand Identity

One week ago, CoW Swap went live on @arbitrum!

Now we build the future. 🚀

Find out everything there is to know about CoW Protocol's deployment on Arbitrum – tomorrow at 3pm UTC with @fleupold_ , @AnaTech_eth, and @kubesqrt.

📆 June 11th, 3 PM UTC
🎙️ https://x.com/i/spaces/1lDxLPLXnwZxm 

https://x.com/0xWenMoon/status/1737636436122505434

Looking to make an udderly good career move in 2024? CoW Protocol is  hiring for a Software Engineer with Python!

We're seeking a candidate passionate about crypto who also has experience in coding, especially in Python, to join our team.

Apply here 👇
https://boards.eu.greenhouse.io/cowswap/jobs/4332254101

We also have a referral program in place. Know someone awesome? Refer them and get 6K USDC!

Join CoW Protocol as a Python Software Engineer

Check out this huge CoW worth over $2 million!

Thanks to optimal execution powered by CoW Swap's batch auctions, 3 out of 4 traders swapped peer-to-peer and also benefitted from the best on-chain routing.

Here's the settlement 👉https://explorer.cow.fi/tx/0xfd6352012c7261091ab031c9ccf8bcd7985ea5ca0adee270ecacdd89c1947916?tab=orders&vis=trades👈

A 🧵


The settlement had 4 orders:

- 624K PAPER <> 1 ETH
- 3.5K RBN <> 15.2K KPGD
- 2M USDT <> 2M USDC (Partially filled with 3K USDC)
- 25K USDC <> 5M PAPER (Partially filled with 601K PAPER)

All of them matched in ONE go, thanks to the multidimensionality of CoW's Batch Auction.

As you can see in the CoW Explorer, the majority of the order liquidity came from peer-to-peer swaps, with some touching onchain AMMs as well.

The PAPER <> ETH liquidity took advantage of the USDT <> USDC route to source ETH through Uniswap.

RBN <> JPGD order liquidity was sourced by selling RBN on Uni as follows:

- RBN to USDC, USDC to ETH, ETH to JPGD

USDT <> USDC order liquidity was obtained by using the USDC <> PAPER partial fill to get the USDC

Finally, the USDC <> PAPER liquidity was obtained by using the first PAPER <> ETH order to get PAPER.

New to the concept of Coincidences of Wants?

Read about the many types of CoWs that CoW Swap enables here 👉 https://blog.cow.fi/what-are-cows-on-cow-swap-e72baaa4678a 🐮

This settlement demonstrates why multidimensional intent-based trading auctions are significantly more efficient than single-order auctions (Batch vs Dutch).

This is why CoW Protocol uses batch auctions!

Read more about the differences here 👉 https://blog.cow.fi/batch-auctions-vs-dutch-auctions-in-crypto-fab357e6c517 🐮

The CoW Swap Settlement

Now that we have your attention ... 

CoW DAO has a bunch of great educational content on MEV. 

Read on, young padawan 📚👇

Understanding MEV Protection

https://blog.cow.fi/understanding-mev-protection-651176673abc

What is Frontrunning? — MEV Attacks Explained

https://blog.cow.fi/what-is-frontrunning-b2641ad7af21 🫡

What is Backrunning? — MEV Attacks Explained

https://blog.cow.fi/what-is-backrunning-mev-attacks-explained-38692250690c 🫡

What is a Sandwich Attack? — MEV Attacks Explained

https://blog.cow.fi/what-is-a-sandwich-attack-and-how-can-you-protect-yourself-b101c9a9b9b3 🫡

What is Loss-Versus-Rebalancing (LVR)?

https://blog.cow.fi/what-is-loss-versus-rebalancing-lvr-128aa8c6e636

How CoW Swap solves the MEV problem

https://blog.cow.fi/how-cow-swap-solves-the-mev-problem-fd35b0127390 

CoW DAO also supports a bunch of great products that protect users from MEV, including:

👉 CoW Swap 🐮 swap.cow.fi 
👉 MEV Blocker ⛱️ mevblocker.io 
👉 CoW AMM 🌊 cow.fi/cow-amm 

And many grants projects: https://grants.cow.fi/funded-grants

Don't get milked ™️

Understanding MEV: CoW DAO's Educational Content

Why is CoW Protocol different from all other trading protocols?

Two words: batch auctions 💱

Batch auctions make CoWs (Coincidences of Wants) possible – saving traders lots of 🤑

Lets look at batch auctions in action, with 2 txs involving the newly-transferrable $SAFE token 🧵

1️⃣ Intermediate Coincidence of Wants

In the first batched transaction (https://explorer.cow.fi/tx/0x0e9fba6feaac05b3ef61b151a0c7d9b1f65f16849cda9ea8df435160bc7dd1ae) we see 2 trades match against each other:

→ 1 ETH <> ~1K SAFE
→ ~1K SAFE <> 3.1K USDC (partially filled from a larger limit order of 4.5K SAFE <> 13.5K USDC)

The user buying $SAFE was matched with the user selling $SAFE, and the CoW Protocol settlement contract tapped Uniswap v3 to transfer $ETH to $USDC – effectively filling the 3rd side of a ring trade. 

Re-aggregation of liquidity through Coincidences of Wants is only possible because of batch auctions and intents – ultimately resulting in better prices for all traders.

In this trade, the $SAFE buyer received 4.76% more tokens than initially quoted. 😳😳

2️⃣ Multidimensional (I-B) Coincidence of Wants

In the second batched transaction (https://explorer.cow.fi/tx/0xae8fc9087b62a9f909ef8a04bc08b81dd82e9fcccb026c086118ec178f5b5500) we see 3 simultaneous trades:

→ 2 ETH <> ~2K SAFE
→ 0.15 ETH <> ~145 SAFE
→ 2.8K SAFE <> 6.8K USDC (partially filled from the same larger limit order we saw in tx 1 ☝️)

The user selling $SAFE provided liquidity for the two users buying $SAFE, and CoW Protocol tapped Uniswap v3 to get $USDC for the buy part of the order. 

Multidimensional Coincidences of Wants are only possible with batch auctions. 

They protect all traders from paying full AMM fees, resulting in better prices and more surplus for all traders involved – including a fat 7.98% and 6.75% for the buy orders! 💪💪

These type of optimizations are only possible through CoW Protocol. No other DEX fills trade intents through a robust and continual batch auction competition. 

Want to learn more about Coincidences of Wants? 

Read about the many types of CoWs here 👉 https://blog.cow.fi/what-are-cows-on-cow-swap-e72baaa4678a 🐮

And don't forget to trade on CoW Swap 🐮

swap.cow.fi


The Power of Batch Auctions in CoW Protocol

This week is all about @safe tokens and CoW DAO has some exciting news!

@karpatkey has deployed the first SAFE/WETH CoW AMM pool 👉https://etherscan.io/address/0x027e1CbF2C299CBa5eB8A2584910d04f1A8Aa403 

This allows them to provide liquidity for the $SAFE token while benefiting from the best LVR protection available today.

CoW AMM works by making all 22 CoW Swap solvers compete to provide as much surplus as possible to CoW AMM liquidity pools whenever there is a rebalancing opportunity. 

This protects LPs from LVR while allowing them to earn fees via surplus.

What's more, CoW Swap traders benefit from CoW AMM pools by getting better prices, thanks to the exclusive liquidity available to solvers.

Best-in-class MEV protection + better liquidity means using CoW Swap to trade $SAFE is a no-brainer.

Leveraging CoW AMM and CoW Swap for token launches:

1. Protects pools from getting rekt by arbitrageurs
2. Gives users the best MEV protection
3. Provides the best prices

All projects should do it! 

Learn more about deploying liquidity via CoW AMMs at https://cow.fi/cow-amm 🌊

Exciting Announcement: CoW DAO Launches First SAFE/WETH CoW AMM Pool

In anticipation of @safe's big day tomorrow, limit orders for $SAFE tokens are available on @CoWSwap today.

If you place a buy or sell limit order for $SAFE on CoW Swap (up to $100k), we will start filling the orders as soon as the tokens become transferrable.

Limit orders on CoW Swap are the only limit orders capable of capturing surplus when prices spike – so if the $SAFE token price moves rapidly, we'll capture that movement for you instead of filling your order at a worse price. 

Happy (limit) trading. 🐮

swap.cow.fi