Swapr <> CoW Protocol Support, Integration and Alignment
DXdao & Swapr (& Stackly)
Swapr’s github: GitHub - ImpeccableHQ/swapr-dapp: Decentralized Application for DXswap
Contact: Sky - DXdao contributor
Swapr is a fully decentralized, permissionless and immutable AMM and is home to the Eco Router. Swapr is a product of DXdao that owns its own front ends, and is therefore able to provide traders with one of the safest front ends in the web3 environment.
Towards the end of last year, Swapr set-up to become the primary decentralized front end for the CoW Protocol on Gnosis Chain and Mainnet. You can find more details here: Full MEV Protection from CoW Protocol within Swapr’s Eco Router. Though there are a few additional parts of CoW that might have centralized dependencies, having a front-end that is owned by a decentralized entity is quite valuable. Both CoW and Gnosis understand well the importance of decentrally owned front-ends, and the benefits that this brings to your protocol and community.
So far, DXdao and Swapr have been building support for CoW Protocol based on relationship, but better alignment would potentially lead to a stronger partnership. Although this grant proposal is focused on adding new features and future collaboration, it is important to note the alignment of Swapr with the CoW ecosystem during the last year which included integration of CoW Protocol into Swapr’s eco router. Swapr would also be interested in exploring a token swap when appropriate.
Via a COW grant, DXdao and Swapr could strengthen alignment via gaining a voice in CowDAO’s governance in addition to having financial incentive to continue to invest resources into strengthening the CoW ecosystem.
The value that Swapr is adding to the CoW ecosystem can be tied to three of the Grant categories: CoWmunity Growth, User interface and User experience (UI/UX) and Decentralization
Swapr has already integrated CoW Protocol into Swapr’s eco-routing and has been promoting CoW Protocol integration to its wider community.
An additional highlight, DXdao recently altered its DXD buyback program to leverage CoW Protocol driving more DXD order flow to CoW.
DXdao is also a large user of Liquidity Orders on CoW. As a DAO, DXdao has been leading the way in its uses of CoW.
- CoWmunity Growth
- User interface and User experience (UI/UX)
The proposed COW grant helps to position Swapr to continue to be a strong partner to CoW Protocol and would consist of the following actions:
- Deeper and continued integration of CoW Protocol into Swapr
- Implementing the native ETH flow on Swapr’s front end
- Building and launching a front-end experience for basic Limit Orders based on CoW Protocol
- Building and launching a front-end experience for TWAP Orders based on CoW Protocol (This will be done using Stackly which is a sub-product of Swapr)
- Additional promotion of integrations and new features to its communities
Grant Goals and impact:
The goal of this grant would be to add important additional features on Swapr related to CoW Protocol and to drive more awareness and order flow to CoW Protocol.
- Expected by Q1 of 2023
- TWAP Orders in Stackly are in line with similar timing
- Native ETH flow is also dependent on the timing of functionality
Breakdown for each:
Native ETH flow (50k COW)
Limit orders based on CoW (50k COW)
TWAP Orders based on CoW (Stackly) (100k COW)
Swapr (& Stackly) is also interested in incentive-based volume milestones and is happy to continue working with the CoW team on this.
If appropriate, we could add some one-off volume milestones to this proposal:
Additional Volume Milestones:
First $15M volume: 60k COW
Additional $50M volume: 120k COW
Additional $250M volume: 250k COW
*Volume milestones must be surpassed by December 31, 2023 to be eligible for the additional volume grants.
The expected plan would be for DXdao to hold COW tokens for governance in CowDAO for the short to medium term. An alternative idea would be to use COW in a liquidity pool on Swapr. Further discussions with the COW team would help define this.
Gnosis Chain Address (to receive the grant):
DXdao Base on Gnosis Chain: 0xe716EC63C5673B3a4732D22909b38d779fa47c3F
Terms and conditions:
By applying for this grant, I agree to be bound by the CowDAO Participation Agreement and the CowDAO Grant Terms and Conditions .