CoW Protocol: Terms and Definitions
This article provides definitions for various terms related to the CoW Protocol. It explains the concept of 'Intent to Trade' where orders are submitted as signed messages without initiating blockchain transactions. Delegated trade execution is described as the process where solvers execute settlements on behalf of users. The article also discusses Automated Market Makers (AMMs) and their constant ratio mechanism. It explains slippage tolerance, price impact, transaction reordering, EOA wallets, and introduces Milkman, a smart contract for executing trades at a fair market price.