CoW Protocol Introduces Fees on Out-of-Market Limit Orders
CoW Protocol Introduces Fees on Out-of-Market Limit Orders
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.
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.
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.
CoW Swap's Batch Auctions Shield Traders from MEV Extraction
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