CIP-67 Voting Ends for CoW Protocol

CIP-67 proposes switching CoW Protocol’s auction mechanism from batch auctions to a fair combinatorial auction. This upgrade, active for voting since May 8, 2025, aims to boost order throughput by 33% and ensure fairer price distribution for traders. Unlike batch auctions, combinatorial auctions allow solvers to bid on trade combinations, reducing slippage and improving efficiency. The proposal also adjusts solver rewards, potentially increasing competition payouts by 25%, per CoW DAO’s experiments (CoW DAO Forum, 2025). Voting ends May 15, 2025, at 10:31 AM UTC, with a current quorum of 63.3% (snapshot on May 10, 2025).

Recent News

CoW Protocol has been on a roll. In March 2025, they integrated with Polygon zkEVM, expanding cross-chain liquidity access. This followed a February 2025 milestone of surpassing $500M in monthly trading volume, a 40% jump from Q4 2024 (Dune Analytics). The team’s focus on scalability and fairness has positioned CoW as a top meta-DEX aggregator, competing with 1inch and Paraswap.

Future Plans

Post-voting, CoW DAO plans to start testing the new auction mechanism by May 20, 2025, with a full rollout across all chains by June 3, 2025. They’re also exploring advanced winner-selection algorithms to further optimize trade execution, signaling a long-term vision for DeFi innovation (CoW DAO Forum, 2025).

Onchain Data

While specific voting data isn’t publicly detailed beyond quorum, CoW Protocol’s dApp activity shows stability: 3 transactions in the last 30 days (up 100% from prior periods) but $0 volume, indicating low token movement (BitDegree, 2025). $COW’s price is down 73.27% from its all-time high, reflecting market volatility (Bitget, 2025).

Community Sentiment

X reactions are mixed. Some users, like @GustavoRex36367, are distracted by memecoins like $QWRX, while others, like @heller_jai15608, praise CoW’s ecosystem for stress-free trading gains. Sentiment leans cautiously optimistic, with focus on the proposal’s fairness benefits.

Risk Disclaimer

$COW’s price volatility poses risks for holders; market conditions may impact post-voting sentiment. Always DYOR before voting or trading.