It's to explain MEV protection in an intent based solver competition and the price advantages that not crossing the spread when settling a multi dimensional batch auction with uniform price clearing brings to the average crypto user in one word.

Great work by the whole team - from research through development to making a smooth transition in production!. @CoWSwap just got the biggest mechanism upgrade since inception and is now faster and fairer for all.

Probably the most ambitious project from @GnosisDAO yet. If money is just social coordination, why not use your actual social circle to create your own IOUs and use them as money. Will probably take some more time for people to get, but imo a very interesting experiment. .

Paradigm preparing to become a solver….

RT @PropellerSwap: @CoWSwap voted in a $ 10k bounty to integrate CoW AMM into Tycho. We're forwarding 100% of it to a Tycho community boun….

RT @fiddyresearch: The collaboration begun deeeeep in the bear market with a simple idea: CowSwap’s auctions could be leveraged as a tool f….

RT @zealwallet: 🚢 Shippingday - v0.10.26 live on all 3 app stores!.Your wallet can now send bank transfers to anyone - even if they've neve….

I'm excited about this progress! 2 questions though:. 1. What is preventing the operator from looking at the block before sending it to the relay?.2. Once beaver runs in the TEE, will they have to open source their code? How do you prevent it from leaking (e.g. via simulations)?.

In case you missed the keynote of @drakejustin1x that everyone on Bangkok is talking about: h/t the amazing tech/orga crew at @EFDevcon for getting it online in quasi real-time.

Somewhat scary that we are only one entity away before we can no longer call it “builders” at all the conference talks….

Good discussion between @ballsyalchemist and @xin__wan at “The Rumble in the dark Jungle”. Why does Unichain need validators if we can trust the TEE?

Aged well.

Silent threshold encryption sounds like a great way to remove trust assumptions between block builders & validators. Given this tech however, why not simply encrypt all txs in the first place and have validators commit to the highest paying ones before seeing their content?.

The true alpha of DeFi are LVR resistant AMMs which will open up a variety of self custodial and efficient portfolio strategies to average investors making todays already low ETF management fees look usury.

In the example above the total price improvement given to traders was about $600 or (>0.6%). 🐮.

The solution works at the app layer. Since CoW orders are cleared in a single Ethereum tx which itself doesn’t discriminate based on ordering (all trades clear at the same price), traders can escape the MEV maximising incentives of PBS by choosing their DEX wisely.

Instead of having a searcher match buys and sells in the same block at their individual limit prices and collect the spread (aka slippage tolerance), CoW solvers clear buys and sells at a single price (near mid) and pass on price improvement (aka surplus) to the traders.

Traditional PBS incentivises builders to create blocks where the difference at which the same asset trades is as large as possible so that searchers can buy low and sell high (maximising MEV & bribes). CoW Protocol minimises MEV by enforcing a single price per token per batch.

Saw some really nice CoWs during the $EIGEN launch today (e.g. . Especially in the early hours of a token, when demand is high & price discovery still in progress, it makes a lot of sense to use a mechanism that enforces a single price per token per block.

RT @defi_naly: It looks like users want to have their LP accurately rebalanced without leaking value and getting rekt by MEV. Over $13 mi….