Order Flow Auctions in the Ethereum Ecosystem - CoW DAO Presentation Summary
This article summarizes the CoW DAO presentation on Order Flow Auctions (OFA) in the Ethereum ecosystem, which took place at the Prague DeFi Summit. It explains the mechanics of OFAs and their multi-step process, along with crucial factors to consider. It also explores three types of OFAs and discusses two well-known implementations developed by CoW DAO: MEV Blocker RPC and CoW Swap. The impact of these products is highlighted, showcasing the benefits of OFAs in terms of price discovery, lower transaction costs, more liquidity, and protection from MEV.