CoW Swap Bets on Collaboration Feature to Drive 33% Trading Surge—Because What’s Decentralized Finance Without a Little Centralized Hype?

DEX aggregator CoW Swap is rolling out a new collaboration feature alongside juicier rewards—aiming for a 33% boost in trading volume. Because nothing screams ’decentralization’ like gamified incentives and forced teamwork.

The move comes as DeFi platforms scramble to differentiate themselves in an increasingly crowded market. Will traders bite? Or is this just another liquidity band-aid on the bullet wound of declining yields?

Either way, grab your popcorn—watching DeFi protocols try to out-market-make each other never gets old.

More rewards

With more solvers able to participate on CoW Swap at the same time, the average rewards they can earn should increase by around 25%, CoW DAO said.

While that’s great for solvers, it isn’t so cut and dried for the protocol.

Cow Swap solvers are compensated in COW tokens, the protocol’s governance token. If, for example, CoW Swap pays out more in rewards without a commensurate amount of increased trading, it will hurt the protocol’s efficiency.

Canidio said she expects CoW Swap to benefit from higher transaction throughput with “a less-than-proportional rise in solver rewards.”

Simply put, Combinatorial Auctions should make CoW Swap more efficient.

CoW Swap says it expects testing of the new system to start around May 20, and the full launch on all chains to happen around June 3.