CoWSwap CIP-66 Vote
APR
16
Event date
Wednesday 16 April 2025, UTC
Event description
- CoWSwap’s CIP 66 proposes integrating a Flash-Loan Router into CoW Protocol, allowing solvers to use flash loans—uncollateralized loans repaid in the same transaction—for settlements, which could boost efficiency in DeFi trades by leveraging protocols like Aave or Balancer.
- Flash loans, a DeFi innovation since 2020, enable arbitrage and collateral swaps but carry risks; Chainlink data notes they’ve been used in 70% of DeFi exploits since 2022 due to vulnerabilities like faulty price oracles, highlighting the need for robust security in CIP 66’s implementation.
- CoW Protocol’s governance model empowers $COW token holders to vote on CIP 66, reflecting a decentralized decision-making trend in DeFi—CoinMarketCap data shows $COW at $0.309 on April 14, 2025, with holders also gaining fee discounts on CowSwap trades.
CoW Protocol
CoW Protocol
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