CIP-37: Increasing liquidity for COW token via a programmatic order and an FM-AMM

Governance Closed Proposals
, ,
5

Hi @0xrbp , thanks for your comment!

  1. The liquidity on FM-AMM can only be accessed by trading on the Cowswap batch. Hence, we expect FM-AMM to add illiquidity and volume to the batch. So, in the beginning, the monetization is indirect and is via the fees that traders on CoWSWap pay (or will pay, see this CIP). This, of course, can change in the future.
  2. What levels are you referring to? The proposal is to programmatically sell at market price as long as the market price is above a pre-determined floor. So, no ceiling is involved.
  3. It is a valid point, and something worth discussing once FM-AMM is up and running: at that point, it may make sense to turn COW/GNO on POL into COW/ETH on a FM-AMM.

And thanks for the encouragement!