Quote Competition Redesign CIP: Draft title: Quote Competition Redesign author: @felixhenneke, @arcsh7, @fleupold status: Draft created: 2026-09-09 Summary This CIP replaces the flat reward paid to the winning quoter with a dedicated quote reward budget, expressed as a share of protocol revenue. I…

Candidate mechanisms We are not proposing to fix a mechanism here, but two families look promising. Weight by eventual accuracy. Instead of paying the highest quote, pay the most accurate ones. Once an order settles we know the achieved price, so for each solver that quoted it we can measure how …

I’m glad to see this problem being addressed, Cowswap must be the only venue that currently encourages underquoting. I like the idea of weight by eventual accuracy more than the weigh by quote quality, since keeping the term h_i still encourages underquoting. Maybe it is possible to reward a “quote…

Nexroute supports this proposal. Quotes are the entry point and the goal stated in the mandate, that the solver winning on price at quote time should generally be the one winning the auction, is the right one. Tying the budget to revenue and giving the team room to iterate on the mechanism both make…

Thanks for the read. You’re right that increasing the global budget does not guarantee higher rewards on any particular chain or integration. Today’s flat per-quote reward isn’t connected to what the rewarded flow earns: it scales with quote count, while revenue scales with volume and fee policy. I…

Thank you @arcsh7 . I think the economics issue this proposal addresses is real, but given the impact it deserves a highlight. Could you share the expected effect on the absolute quote reward per chain? For instance what August would have paid under this CIP vs what was actually paid.

Following the discussion, we simulated how the proposed quote budget could be allocated across 43,174 orders on Ethereum, BNB Chain and Base (1–7 September 2026), using an inverse-squared rule limited to the top five quotes. We tested several other allocation rules as well, and inverse-squared weigh…

Thank you @arcsh7 . Could you confirm: will the 10% cap per chain for quote rewards be on the gross protocol fee (before partner share) or the net protocol fee (after partner share)? Can we also generate the same data on our side, do you have a Github to share with us? It would be nice for any…

The budget is 10% of protocol revenue, as set out in the CIP, rather than a percentage of a particular fee line. We’ve uploaded the anonymised input data behind the simulations, covering Ethereum, BNB Chain and Base here . For every order in the windows, it includes each solver’s quote, the solve-co…

Reproducing the CIP-88 simulation from the published data I downloaded the anonymised data from the Drive folder (1 to 7 September, Ethereum, Base and BNB Chain) and tried to reproduce the quote reward shares from the simulation post. I used the formula in the docs pull request: top five quotes, we…

CIP-Draft: Quote Competition Redesign

Governance

felixhenneke October 19, 2026, 12:52pm 11

The CIP has passed voting and the new rules are in effect since 2026-10-06, Snapshot.

Topic		Replies	Views
CIP-72: Aligning quoting and solving behavior of solvers Closed Proposals cip , successful	20	624	August 11, 2025
CIP-36: Adjusting and renewing solver rewards budget Closed Proposals cip , successful	5	670	February 6, 2024
CIP-27: Incentives mechanism for the Price Estimation Competition Closed Proposals proposal , successful	8	1685	June 20, 2023
CIP-85: Performance and Consistency Rewards Closed Proposals cip , proposal , successful	10	602	March 30, 2026
Grant Application - CIP-88 Quote Reward Analysis and Reproducible Tooling CoW Grants Program	3	91	October 13, 2026

CIP-Draft: Quote Competition Redesign

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