CoW Protocol Introduces Fees on Out-of-Market Limit Orders

By CoW DAO
Feb 2, 2024, 1:56 AM
CoW DAOTwitter

CoW Protocol has implemented fees on out-of-market limit orders as per CIP-34.​ The protocol now splits any extra amount obtained beyond the set limit price with users, capping the fee at 1% of the total trade volume.​ This fee model aligns the interests of the protocol with the users' success.​ Visit [link] for updates on the fee testing over the next 6 months.​

Sources

Per CIP-34, CoW Protocol is now charging fees on out-of-market limit orders. Specifically, if CoW Protocol can find a way to give you more than you asked for ~ beyond the limit price you set ~ it now splits that extra amount 50/50 with you.

CoW DAO
CoW DAO
@CoWSwap

CIP-34 passed by an overwhelming majority. This is an important milestone on the protocol's journey toward self-sustainability, for the ultimate benefit of its users. snapshot.org/#/cow.eth/prop… As directed, the core team will begin testing fee models asap. More info soon.

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