CoW DAO Governance Update: Token Swap Proposal with Balancer DAO

**CoW Protocol** has published a comprehensive guide to help crypto investors understand **tokenomics** - the economic structure behind cryptocurrency projects. The guide aims to help investors: - Identify security risks in new projects - Evaluate long-term investment potential - Look beyond just price movements Tokenomics analysis examines how tokens are distributed, used, and managed within a project's ecosystem. This understanding can reveal whether a project has sustainable economics or potential red flags. The educational resource is designed to simplify complex tokenomics concepts for both new and experienced investors. [Read the full tokenomics guide](https://cow.fi/learn/a-comprehensive-guide-to-understanding-tokenomics)

**CoW DAO is actively recruiting** for a Business Development Team Lead position. The role involves: - Leading and managing the business development team - Setting strategic priorities and growth processes - Building scalable frameworks for expansion **Referral incentive available**: Contributors can earn **5,000 USDC or USD** through the refer-to-earn program for successful candidate referrals. This follows CoW DAO's ongoing hiring efforts, which previously included positions for accounting managers, data analysts, and frontend engineers with similar referral rewards. [Apply or refer candidates here](https://jobs.ashbyhq.com/cow-dao/a5c71f56-9357-453b-be8f-aa21300fead6?utm_source=cow.fi&utm_medium=web&utm_content=job-Business%20Development%20Team%20Lead)

CoW DAO has launched its first **retroactive funding round**, shifting from traditional milestone-based grants to a results-driven approach. **How it works:** - Build first, get funded based on actual impact - Minimum baseline: 5k xDAI + 5k vested COW - Flexible budget that scales with value delivered **Priority focus areas:** - Solver infrastructure development - Developer tools to reduce integration time - MEV protection research - AI agent infrastructure - UX improvements for intent-based trading **Timeline:** Applications open now through end of year, with evaluation following completion. The program operates transparently through the [CoW DAO forum](https://forum.cow.fi/t/cow-grants-retro-round-is-open-for-applications/3164), with external technical reviewers for specialized areas. **Ready to participate?** Submit your application in the grants category using the title format "[RETRO ROUND] Your Project Name" and follow the provided [template](http://forum.cow.fi/t/for-grantees-grant-application-template/2768).

A comprehensive 6-month trading analysis reveals CoW Swap's dominance among solver-based DEXes: - **Higher Trading Volume**: ~$200M daily vs $60M (1inch Fusion) and $30M (UniswapX) - **More Decentralized**: Top solver only controls 25% market share, with next five at ~10% each - **Better for Large Trades**: Shows best execution improvement for trades over 100 ETH The study compared CoW Swap, 1inch Fusion, and UniswapX, finding solver-based DEXes generally outperform traditional alternatives through optimized routing and off-chain liquidity access. Try CoW Swap: [swap.cow.fi](https://swap.cow.fi/#/1/swap/WETH/0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48)

CoW DAO announces their presence at DevCon Bangkok with a packed schedule: - Tuesday: @Silver_Queen presents on user interaction in web3 - Wednesday: Booth presence at ArbiVerse (Arbitrum event) with swag giveaways - Thursday: @AnnaMSGeorge discusses CoW AMM's batch mechanism - Friday: Two key talks: * @AndreaCanidio on trade intents and fair mechanism design * @fleupold_ explores PBS in Ethereum **Special Event**: CoW DAO hackathon offering $10,000 in prizes at ETHGlobal Visit the CoW DAO booth to connect with the team and collect exclusive swag!