CoW Protocol Processes $80M+ in Sky Ecosystem Token Migration

馃惍 $80M Moo-ving Experience

By CoW DAO
Oct 10, 2024, 2:04 PM
CoW DAOTwitter
News article
Photo by CoW DAO

CoW Protocol has been instrumental in powering Sky Ecosystem's token migration on Sky.​money.​ Since its integration:

  • Over $80 million in volume processed
  • Safely and securely helped $MKR and $DAI holders upgrade their tokens
  • Demonstrates CoW Protocol's capability for handling large-scale projects

CoW Protocol offers:

  • Intent-based trading
  • Top-class MEV protection

For projects interested in token migration, CoW DAO invites discussions via their Discord channel.​

CoW Protocol continues to prove its value in facilitating major transitions within the DeFi space.​

Sources
Read more about CoW DAO

馃悇 Cross-Chain Swaps

**CoW Swap launches cross-chain trading** that eliminates traditional bridge complexity. Key features: - **Best-route pricing** across multiple chains - **Gasless trading** - no need for native tokens - **Surplus returns** to traders - **MEV protection** built-in The platform now supports trading across Ethereum, Gnosis, BNB, Lens, Avalanche, Polygon, Arbitrum, and Base chains without requiring separate bridging steps. Traders can swap tokens directly between chains while maintaining the same protections and competitive pricing that CoW Swap offers on single chains. [Learn more about cross-chain swaps](https://cow.fi/learn/cow-dao-unveils-seamless-cross-chain-swaps)

馃敁 Partial Approvals Live

**CoW Swap launches partial approvals for market orders** Users can now approve only the exact amount needed for swaps and permits, eliminating the need for maximum approvals unless preferred. - **Enhanced control**: Approve specific amounts rather than unlimited access - **Same user experience**: Maintains smooth trading interface - **User-requested feature**: Built based on community feedback The update provides traders with more granular control over token approvals while preserving CoW Swap's streamlined interface. [Try partial approvals now](http://swap.cow.fi)

馃悇 COW Holders Vote

**CIP-74 is now live** and requires $COW holder votes to pass. The proposal updates **solver rewards** to maintain: - Strong competition among solvers - Fair reward distribution - Long-term sustainability **Vote now** on [Snapshot](https://snapshot.org/#/s:cow.eth/proposal/0x0c70c8cd92accee872b52614b4fa10e3e3214f45c5b6857f7e88e910607a3c1d) Your participation helps shape CoW Protocol's future reward structure.

Study Shows CoW Swap Leads Intent-Based DEXes in Decentralization and Volume

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 at DevCon Bangkok: Schedule of Events

CoW DAO at DevCon Bangkok: Schedule of Events

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!

DeFi