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Introducing Gasless Approvals on CoW Swap

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2 years ago

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Cows can sometimes get a bad rap for their gas emissions... But CoW Swap is committed to reducing gas as much as possible. That's why we're pleased to announce that gasless approvals are now live on @CoWSwap.
Starting today, CoW Swap traders can approve tokens gasslessly, with a signed message, in the same flow as their swap. This applies to over 150 EIP-2612-integrated tokens that are currently tradable on CoW Swap. See the full list of permitted tokens here: hackmd.io/@mastercow/cowswap-gasless-approvals
Before the launch of gasless approvals, users could TRADE gaslessly, but they still had to pay gas for the approval transaction (in ETH) the first time they wanted to trade a new token.
With gasless approvals, users now sign a message (gas free!) that gives solvers permission to execute the approval transaction on their behalf. Solvers then bundle the approval with the swap, for a smoooooother, ETH-less experience.
This new upgrade comes with a host of benefits: - End-to-end swaps without holding any ETH - Faster trade submission without waiting for approvals - Bundling efficiency and enhanced security Learn more: blog.cow.fi/announcing-gasless-approvals-on-cow-swap-0bb803d900c2 blog.cow.fi/announcing-gasless-approvals-on-cow-swap-0bb803d900c2
Thanks to gasless approvals, the full CoW Swap experience is 100% GASLESS for permitted tokens, from approval to swap! Forget about wasting your precious ETH on "irrelevant" transactions – try the fully gasless experience today at swap.cow.fi swap.cow.fi
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