Summary
The total allocated budget is defined to be 20k USDC/DAI, the grant should last for 4 weeks. During this period all solvers that respond to quote requests using prices from a CoW AMM will receive a share of 5,000 USDC/DAI per week depending on the amount of quote requests they responded to using prices from a CoW AMM relative to the total amount of quotes that use CoW AMM’s.
Introduction
With the launch of CoW AMM’s many liquidity providers have deposited funds into CoW AMM’s. Additionally, many solvers have integrated these CoW AMM’s into their solvers and use these to settle user orders. Often providing better prices than external AMM’s.
However, when submitting quotes through the CoW Swap UI the prices of these CoW AMM’s are not used for quoting, sometimes leading to users seeing slightly worse prices than what can be offered through these CoW AMM’s.
This bounty is inteded to motivate solvers to use the prices from CoW AMM’s when responding to quotes.
Bounty Specifications
The bounty will start on the 4th of February at 00:00 UTC and will run for 4 weeks. Ending on the 4th of March at 00:00 UTC.
Solvers will receive a percentage of the $5,000 for each week based on the amount of quote requests they respond to with CoW AMM’s relative to the total amount of quote responses that use a CoW AMM in that week.
In other words, if solver A responds to 1,000 quote requests by using prices from a CoW AMM and solver B responds to 1,000 quote requests by using prices from a CoW AMM, then both solvers will receive $2,500 USDC/DAI for that week because each solver generated 50% of the total quotes that use CoW AMM’s.
Scope
- Mainnet
- Arbitrum
- Gnosis Chain
- Base