CoW DAO June 2024 Highlights
TL;DR
- During the month of June, CoW Protocol handled a total volume of $2.19B and generated a surplus of $14M
- In exciting news, CoW DAO received a new look and CoW Protocol launched on Arbitrum
- In terms of Governance, CoW DAO executed CIPS 46 and 47
Protocol Stats
This month, CoW Protocol settled a total of $2.19B
The top batches worth highlighting are the following:
Batch containing the highest volume (Transaction details): The total batch volume was $27,086,967 and it was created by two traders who were swapping WeETH to WETH and USDT to USDC.
Batch with the highest amount of surplus (Transaction details): The total batch volume was 4,119 ETH and it was created by two traders — one swapping WEETH to WETH and the other swapping ETH to ZAAR. The batch achieved a surplus of $71,600 (0.49%).
During the month of June, the top 10 traders traded a total of $17,397,532.
In the table below you can see the total volume for this month’s biggest trades. The most active trader executed a whopping $4,143,954 in trades with CoW Protocol this month.
Solvers
In June, solvers generated a total of $14M in surplus, which is money in the pockets of traders.
Below you can find a breakdown of how each solver performed in June.
Governance
It has been a hectic month in terms of governance! The CoW cannot be stopped 💪
Executed Proposals
The DAO executed one important proposal this month:
Draft Proposals
This month, there were two new proposals asking for feedback before moving into the next phase, final CIPs, in their current form:
- CIP-46: Funding for Marketing & Business Development Services — Service Agreement No 1
- CIP-47: Funding for the purpose of facilitating the listing COW token on CEXs
Make sure to read them and leave comments — your feedback is highly appreciated and will help move these important topics forward. If you are interested in submitting a proposal to the CoW DAO, make sure to use the following template.
CoWmunity News
- CoW DAO has a new look including a new logo, new landing pages for each product, and an entirely overhauled brand feel!
- CoW Protocol launched on its first L2 — Arbitrum and participated in an X Space with members of the Arbitrum foundation
- Curve finance launched a fee burner using the Programmatic Order Framework
- Published a report on the findings of the second fee test
- Put out a call for CoW DAO delegates
- Reduced TWAP order minimums to just $1,000 per order segment
- Helped facilitate Gnosis DAO’s $30 million buyback program
- Got featured in the “Our Network” newsletter
- Published a flagship “What is MEV” article
