Grant Application: Concentrated liquidity CoW AMM + Rehypothecation-adapter

Hi @mfw78 and @AndreaC,

Thank you for your thorough feedback. Based on your insights, we are revising our proposal to align more closely with CoW DAO’s integration strategy.

Solver Integration

We recognize that solver integration is indeed a challenging task, especially in the context of novel intent-based AMM architectures like Uniswap V4 and Balancer V3. In these setups, AMM developers must actively work on integrations to ensure sustainable trade flow for their custom trading logic. Applying the CoW AMM approach may be particularly beneficial in this regard, as it allows AMM developers to focus on building AMMs as self-rebalancing portfolios—a framework recently proposed by Andrea.

To support this, we propose an adapter that will help hook developers integrate their contracts with the CoW Protocol settlement contract.

Revised Proposal: Uniswap V4 and Balancer V3 Adapter

Given the CoW DAO’s strategy of leveraging existing AMM platforms, we have adjusted our proposal to focus on integrating with Uniswap V4 and Balancer V3. We propose building an adapter that will provide solvers with tradable orders compatible with the CoW Protocol settlement contract. This way, hook developers can easily integrate with the existing solvers network and achieve proposed earlier rehypothecation and concentrated liquidity features without building a standalone solution. Hence, helping LPs to benefit from the strengths of other AMM platforms while providing CoW-specific advantages such as batch auctions and MEV protection.

Grant Size and Structure

The revised proposal grant size will be $20k:

  • Uniswap V4 adapter: 5k xDAI upfront and 5k in COW tokens post-completion (3m vesting)
  • Balancer V3 adapter: 5k xDAI upfront and 5k in COW tokens post-completion (3m vesting)

We believe this revised direction better aligns with CoW DAO’s goals, leverages existing infrastructure, and maximizes value for the ecosystem. We look forward to further feedback, particularly from the solver team, to refine this proposal further.