
MKR token holders have until September 22nd to upgrade their tokens to SKY before facing penalties.
Key Details:
- Governance vote scheduled for September 18th
- If approved, 1% penalty starts immediately
- Penalty increases every 3 months
- Upgrade available on CoW Swap
- Alternative upgrade option through DeFi Saver's Sky dashboard
Additional Benefits: The DeFi Saver dashboard also allows users to:
- Deposit USDS into Sky Savings Rate for yield
- Convert sDAI to sUSDS for enhanced earnings
Action Required: MKR holders should upgrade before the September 22nd deadline to avoid the escalating penalty structure.
Calling all MKR token holders š£ Pending a governance vote on September 18: If approved, the penalty starts at 1%, and increases every 3 months. Upgrade your MKR to SKY on CoW Swap now. swap.cow.fi/#/1/swap/WETH/⦠š
Airdrops: Free Tokens or Hidden Traps?
**Airdrops promise free cryptocurrency tokens** but come with significant risks that could drain your wallet. **How airdrops work:** - Projects distribute free tokens to promote adoption - Recipients typically need to hold certain tokens or complete tasks - Can result in substantial gains for early participants **The reality check:** - Many airdrops are **worthless or scams** - Fake airdrops steal private keys and drain wallets - Even legitimate drops may have tax implications **Red flags to watch:** - Requests for private keys or seed phrases - Upfront fees or gas payments - Unverified social media accounts **Safety guidelines:** - Research projects thoroughly before participating - Use separate wallets for airdrop activities - Never share sensitive wallet information - Verify official channels and announcements While some airdrops have created millionaires, the landscape is filled with scams targeting inexperienced users. [Learn the complete airdrop playbook](https://cow.fi/learn/airdrops-unpacked-free-tokens-hidden-risks-and-how-to-play-smart)
CoW DAO Seeks Backend Engineer for Solana Development
**CoW DAO is actively recruiting** a Backend Engineer with Solana expertise to join their development team. The decentralized trading protocol is expanding its technical capabilities and looking for developers to help build the future of MEV-protected trading. **Key details:** - Position: Backend Engineer (Solana) - Organization: CoW DAO - Focus: Decentralized trading infrastructure This hiring push follows CoW DAO's previous recruitment efforts for various technical roles including data engineers and Rust developers. Interested candidates can [apply directly through their careers page](https://jobs.ashbyhq.com/cow-dao/ce4cfd4e-1f72-443e-bf6f-2d065197323c?utm_source=cow.fi&utm_medium=web&utm_content=job-Backend%20Engineer%20(Solana)).
Cross-Chain Bridge & Swap Safety Guide
Moving assets between different blockchains through **bridges and swaps** might seem straightforward, but the process involves significant complexity and security considerations. **Key challenges include:** - Technical complexity that creates exploitation opportunities - Security risks during cross-chain transfers - Need for proper safety protocols This comprehensive guide covers: - How cross-chain swaps work from intent to execution - **Safe practices** for moving assets between chains - Security measures to protect your funds Cross-chain operations are becoming essential as the multi-chain ecosystem grows, but understanding the risks and proper procedures is crucial for safe navigation. [Read the full safety guide](https://cow.fi/learn/crypto-bridge-swap-explained)
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)