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What is CoW Protocol?
CoW Protocol is a meta-DEX aggregation protocol that acts as a batch settlement layer on top of all other AMMs & DEX aggregators. CoW Protocol is a spin off from Gnosis DAO that launched in February 2021.How does CoW Protocol work?
CoW Protocol batches trades and auctions them between public and private liquidity sources. It aims to achieve better prices than other exchanges by matching trades via Coincidences of Wants (CoWs) and protecting from MEV.Who governs CoW Protocol?
COW tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).The values in this graphic are examples and do not reflect actual values. Treat them as approximations.