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https://warpcast.com/~/channel/fluidkey
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moritz 💧🔑
@moritz
Moo! This week’s highlight on /fluidkey is @cowswapfi CoW Swap is a trading protocol that ensures users get the most out of their swaps More below!
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moritz 💧🔑
@moritz
With a typical decentralized exchange like Uniswap you trade in an AMM pool Your transaction goes to the public mempool and executes on its own at the pool’s price This can lead to transaction sandwich attacks (MEV)
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moritz 💧🔑
@moritz
With CoW Swap, transactions are batched and solvers compete to execute the batch at the best price for end users This prevents sandwich attacks and also makes the transaction gasless for end-users
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moritz 💧🔑
@moritz
orderflow.art by Flashbots is a great resource to visualize the parties involved in a CoW Swap transaction, including the multiple competing solvers
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moritz 💧🔑
@moritz
Next to standard swaps, CoW Swap is well suited for limit and TWAP (time-weighted average price) orders as transaction intents can be placed offchain and executed at the best price when they are triggered
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moritz 💧🔑
@moritz
To learn more about the tech behind the protocol, the following MixBytes piece is a great place to start https://mixbytes.io/blog/modern-dex-es-how-they-re-made-cow-protocol
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