CoW DAO

CoW Protocol has implemented two key updates to its solver auction mechanism: **Hidden Bidding Process** - Solvers can no longer view competing bids during active auctions - Competition now runs blind until the deadline - Independent strategies aim to produce better execution for users **UCP Constraint Removal** - Uniform Clearing Price mechanism has been eliminated - The legacy system added complexity without user benefits - Simplifies solver logic and allows optimal solutions to win more efficiently These changes streamline the protocol's order matching system while maintaining its core function of finding the lowest prices across exchanges.

CoW Protocol has eliminated the **Uniform Clearing Price (UCP)** mechanism from its winner selection process. The UCP was a legacy system that imposed constraints across the protocol without providing additional value to users. By removing it, the protocol simplifies solver logic and allows the most efficient solutions to win more directly. This update follows a previous change that introduced **blind bidding** - solvers can no longer view competitors' bids during auctions, forcing them to compete independently until the deadline. Both changes aim to improve outcomes for users through more efficient price discovery. The removal of UCP constraints represents a technical optimization that reduces unnecessary complexity in the solver selection process.

CoW Protocol has deployed two infrastructure updates focused on improving solver competition and execution flow. The changes target the protocol's solver network, which finds optimal trade prices across exchanges while providing MEV protection. **Key Points:** - Both updates went live simultaneously - Designed to strengthen competitive dynamics among solvers - Aims to improve trade execution quality The updates build on CoW's existing solver ecosystem, which aggregates liquidity from platforms like Uniswap and 1inch. Users can track solver performance through the protocol's [explorer page](https://explorer.cow.fi/solvers). These infrastructure improvements represent ongoing efforts to enhance the protocol's core matching engine without requiring user-facing changes.

CoW Swap is proposing a discretionary grants program to compensate victims of the April 14 DNS hijacking incident. **What happened:** - An attacker convinced CoW Swap's DNS registrar they were a team member using false documents - The attacker gained control of cow.fi domain and deployed a phishing site - Attack occurred in two phases: wallet drainer and fake wallet modals harvesting seed phrases **Current status:** - CoW Swap has regained full control of the domain - Vercel confirmed no compromise of CoW Swap credentials or data - All security tokens rotated and deployments audited **Next steps:** - Proposal details available on [CoW DAO forum](https://forum.cow.fi/t/cip-draft-discretionary-grants-program-for-victims-of-the-cow-fi-domain-hijacking/3431) - Due to high sums involved, the proposal requires governance approval - Community members can signal support or provide feedback in the forum

**CoW Swap is now live on Linea**, Ethereum's L2 network, bringing gasless trading and advanced order types to the platform. **Key features on Linea:** - Gasless swaps by default - no ETH needed for gas - Limit and TWAP orders - Swap & Send functionality - Upcoming Swap & Bridge feature **How it works:** CoW Protocol's solver network competes to find the best prices across DEXs while protecting users from MEV attacks. **Expanded Aave integration** also launched, powering more DeFi operations: - Collateral swaps - Repay-with-collateral transactions - Debt swapping All operations are **gas-optimized and MEV-protected**. The integration uses intent-based transactions - users specify what they want, and solvers find the optimal execution path. **Benefits include:** - Solver-routed execution for better prices - Shared liquidity across $10B+ monthly volume - Simplified user experience with fewer approvals Try CoW Swap on Linea: [swap.cow.fi](https://swap.cow.fi/#/59144/swap/WETH/0x176211869cA2b568f2A7D4EE941E073a821EE1ff) Learn more about the Aave integration: [aave.com/blog/aave-cow-swap](https://aave.com/blog/aave-cow-swap)

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 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!

MEV Blocker has announced a partnership with DeFi Saver to enhance user protection against Miner Extractable Value (MEV). Key points: - DeFi Saver's TxSaver feature now integrates MEV Blocker - This integration aims to make transactions smoother and safer - Users' trades will be protected from prying eyes - The partnership offers improved rebates and protection This collaboration represents a significant step in safeguarding DeFi users from potential MEV exploitation. Users can expect enhanced privacy and potentially better trade execution through this integration. To learn more about TxSaver and its use of MEV Blocker, check out the detailed thread provided by DeFi Saver.

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.*

CoW Protocol's popularity among significant blockchain projects continues to grow. The platform, known for its ability to find the lowest prices across exchanges and aggregators, is becoming the go-to choice for large-scale operations. Key points: - CoW Protocol compares prices across multiple platforms - Offers protection from MEV (Miner Extractable Value) - Gaining traction with major blockchain projects This trend highlights the increasing demand for efficient and secure trading solutions in the web3 space. As more big players opt for CoW Protocol, it solidifies its position as a leading force in decentralized trading. Want to learn more about CoW Protocol's features? Visit their website for detailed information.