CoW Protocol Launches First MEV-Capturing AMM
CoW Protocol Launches First MEV-Capturing AMM
🐮 MEV-Capturing AMM Launched
In February, CoW Protocol launched the first live AMM designed to protect liquidity providers from the dangers of MEV. The new CoW AMM received significant media coverage and attention from influencers across the crypto space. Other notable developments included improvements to the user interface, a Twitter Space explaining the CoW AMM, marketing videos featuring memes, the COW token listing on TokenUnlocks, and integration with Ajnas for borrowing DAI against COW tokens.
Per CIP-34, CoW Protocol is testing fee models with a view to long-term sustainability for the protocol and its users. The first test – 50% of surplus on out-of-market limit orders – generated 130 ETH for the protocol and had no observable impact on retention. More info 👇
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.
Extra 📣 Extra 📢 CoW Protocol’s March Update is here 🐮📈 A teaser: - Monthly volume: $3.42 billion ❗️❗️ - The team touched grass in Portgual - Made significant progress on fees, and more 🤠 Read the full recap 👉 blog.cow.fi/cow-dao-march-… 👈
Starting tomorrow, CoW Protocol will begin experimenting with quote improvement fees on market orders, per CIP-34. Quote improvement fees are incentive-aligned between the protocol and its users: the more CoW Protocol gets for its users, the more CoW Protocol gets for itself.
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 DAO Launches on New Chain and Reports Strong Revenue in January 2026
CoW DAO kicked off 2026 with significant developments in January: - **Chain expansion**: The protocol launched on a new blockchain network - **Revenue growth**: Posted strong protocol revenue numbers for the month - **Performance**: The DAO demonstrated momentum heading into the new year The organization has published a [detailed January recap](https://cow.fi/learn/cow-dao-monthly-recap-january-2026) covering all developments from the month. CoW Protocol specializes in finding optimal trade prices across multiple exchanges and aggregators while providing MEV protection for users.
DAO Secures 2026 Foundation with Renewed Grants Programs
The DAO has voted to renew its core funding programs for 2026, ensuring continued support for builders and contributors. **Key Approvals:** - **CIP-82**: Grants Program renewed - **CIP-83**: Team Grants renewed with enhanced accountability measures The renewed Team Grants now include **stricter, performance-linked milestones**, introducing more rigorous oversight for funded projects. These governance decisions establish the operational framework for the year ahead, with builders and contributors now confirmed for 2026.
CoW DAO Value Distribution RFP Proposals Under Review
CoW DAO's Request for Proposals (RFP) for designing a **Value Distribution Mechanism** has closed submissions and entered the review phase. **What's Being Decided:** - How protocol profits are captured - Management of treasury funds - Distribution mechanisms to token holders The RFP aims to establish a sustainable framework for CoW Protocol's economic model, defining the path forward for value accrual to the community. Proposals are currently being evaluated by the DAO. [Read the full RFP details](https://forum.cow.fi/t/rfp-cow-value-distribution-mechanism/3328)
CoW Protocol Expands: First Aggregator on Plasma Network with New Integrations
CoW Protocol has become the **first aggregator on Plasma Network**, enabling gasless stablecoin swaps on the platform. The protocol also launched three new integrations: - **HeyElsaAI**: Integration with AI agents - **Ondo Finance**: Support for institutional assets - **TokenPocket**: Mobile wallet integration These additions expand CoW Protocol's reach across different user segments, from AI-powered trading to institutional investors and mobile users. The Plasma Network integration builds on the stablecoin-native chain that launched in September 2025 with USDT at its core.
COW Token Achieves Net Negative Emissions in 2025
**Protocol Economics Highlights** COW token demonstrated strong performance in 2025: - **Net buy pressure**: 4.7M COW (0.5% of total supply) - **Buybacks exceeded emissions** in 11 out of 12 months - **37.6M COW bought back** vs. 32.9M emitted This marks sustainable tokenomics with consistent net deflationary pressure. The buyback program, initiated in April 2024 under CIP-38, converts protocol fees into COW tokens through weekly TWAP purchases to offset solver emissions.