CoW DAO

Discover the concept of backrunning, the least harmful type of MEV, and how it can be used to the advantage of traders. Learn about the protection provided by MEV Blocker rebates and why trading with CoW Swap is still the best option to minimize price impact.

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.

CoW DAO is considering whether to renew the CoW Grants Program after a successful second year. CIP-35 is now available for $COW holder voting to gather opinions on the matter.

CIP-34 has passed by an overwhelming majority, marking a significant milestone on the protocol's path towards self-sustainability. The core team will now begin testing fee models to further this goal.

CoW Protocol has announced the launch of their new version of technical documentation, which includes guided live coding tutorials directly from the browser. The improved documentation aims to make learning, integrating, and exploring CoW Protocol easier than ever before.

CoW Protocol is hiring a Backend Engineer who is passionate about crypto and has experience with Rust. They also have a referral program where you can earn 6K USDC for referring someone.

CoW DAO has developed a Function-Maximizing AMM (FM-AMM) that eliminates LVR for liquidity providers (LPs) and a Programmatic Order Framework that allows smart contracts to create programmatic orders. By leveraging these tools, DAOs can improve treasury management and diversify portfolios. CoW DAO plans to supply liquidity to a new COW/ETH FM-AMM by gradually selling COW for ETH, resulting in increased liquidity and no MEV for LPs.

In December, CoW Protocol handled a total volume of $1.73B and generated a surplus of $14.9M. They integrated the MEV Blocker into the Crypto.com DeFi wallet app, collaborated with Patrol for the discord, and launched CoW Swap. The top 3 notable batches include a wNXM for WETH trade, ETH to DAI trade, and ETH to wstETH and USDC to LIT trade. Solvers generated a total of $14.9M in surplus. There were no executed or new proposals for governance this month. In terms of product updates, the backend team worked on infrastructure improvements, deployment on Sepolia, and faster settlement times. The frontend team implemented theme colors, released CoW Swap v1.51, and worked on UI fixes. There are currently no open job positions at CoW Protocol.

The CoW Swap widget now offers a range of visual customization options to make integration on-brand. Users can customize primary and secondary colors, widget background colors, and text colors to match their project.

CoW Swap has launched the Programmatic Order Framework, a tool that allows users to create advanced order types and automate various tasks such as DAO payroll and portfolio rebalancing. Programmatic orders operate through a decentralized architecture and enable gasless trading for smart contracts. This framework builds upon CoW Swap's journey of transforming from dutch auctions to batch auctions and introduces innovative features like intents and MEV protection. The Programmatic Order Framework opens up possibilities for autonomous and customizable trading on the platform.