CoW DAO deploys on Base

CoW DAO is, for the first time, launching its suite of products: CoW Swap, CoW Protocol, and very soon, CoW AMM—on Base, a rapidly growing blockchain ecosystem known for its low fees and experimental culture.

First to launch is CoW Swap. Its deployment brings gasless, competitive-price trades with MEV protection to Base users for the first time.

Traders who already use CoW Swap on Ethereum mainnet and love its features can now seamlessly switch to Base inside CoW Swap’s existing UI with the touch of a button. You no longer need to leave CoW Swap to trade on the world’s fastest growing L2.

This launch positions CoW DAO as a foundational player in the Base ecosystem, targeting both traders and developers, while extending CoW DAO’s suite of products, which are now available to users on Ethereum, Gnosis Chain, Arbitrum and now, Base.

Base, with Benefits

For Base users, CoW Swap’s arrival onchain offers flexibility and experimentation for those who demand more than simple swaps found on run-of-the-mill DEXes. The world’s most loved DEX brings different order types including:

• Market orders - buy or sell tokens as soon as possible at the current market rate.

• Limit orders - set your own parameters for how much you are willing to buy and sell.

• TWAP orders - allows traders to spread their trade over a specified period of time.

• Programmatic orders.) - create conditional orders that execute when certain on-chain conditions are met (such as asset prices, wallet balances, time elapsed, and much more)

• Milkman orders - delayed execution trading: set and forget your trades for optimum conditions.

• CoW Hooks - allow users to pair any Ethereum action (or set of actions) with an order on CoW Protocol, leveraging the solvers to execute the actions together in the sequence.

Base, with better prices

CoW Swap's unique intent-based trading model brings better prices to Base thanks to the way it batches trades. That’s because, on CoW Swap, solvers do the hard work of finding the best prices to execute your trades.

Solvers can access multiple sources of liquidity, including those off-chain, ensuring when you trade on CoW Swap, you can rest assured that your trade is traveling along the best execution path for you.

On CoW Swap, solvers search for liquidity from three distinct sources:

• AMMs (e.g. Uniswap, Sushiswap, Balancer, Curve, etc.)

• DEX Aggregators (e.g. 1inch, Paraswap, Matcha, etc.)

• Private Market Makers - Solvers can tap into private market maker liquidity and also their own inventory.

• Coincidence of Wants - CoW Swap can complete trades by pairing buyers and sellers together in what’s called a Coincidence of Wants resulting in better prices that cant be offered by AMMs or market makers.

The wide range of liquidity that solvers tap into makes CoW Swap a meta-DEX aggregator, or an aggregator of aggregators. Now Base users get the full benefits of this unique system.

Base, with built-in MEV Protection

MEV or “maximal extractable value” is a hidden tax on all types of Ethereum transactions. Any time you make a DeFi trade, buy or sell an NFT, or deposit tokens to a liquidity pool, opportunistic users known as “searchers” or MEV bots, may manipulate your trades, resulting in unfavorable prices, failed transactions, and missed opportunities. Not so on CoW Swap.

The protocol uses a unique trading mechanism that relies on batch auctions and intents to achieve the best protection from these malicious bots, and thus give the best outcome for users.

Thanks to a powerful combination of delegated trade execution, batch auctions, and protected transaction flow through MEV Blocker, CoW Swap users benefit from thorough MEV protection on all trades.

A battle tested DEX for Base

CoW Swap handles billions of dollars worth of volume safely and securely. In November 2024, it settled twice as much volume as all other intent based trading platforms combined, ensuring more than $6 billion worth of trades took place without a blip.

No wonder CoW Swap has the highest retention rate among any DEX on any chain.

Base for Developers

CoW Swap’s deployment on Base brings with it CoW Protocol. DeFi builders interested in integrating secure, efficient infrastructure for trade execution now have a new ally.

CoW Protocol’s APIs enable developers to create innovative applications while ensuring their users benefit from secure and reliable transactions.

The protocol’s battle-tested backend ensures reliable execution, addressing the trust gap that Base developers may have with smaller or newer projects.

Base, this is just the beginning

CoW DAO is looking to bring more of its products onchain to Base, including CoW AMM. CoW Protocol’s automated market maker has built-in loss versus rebalancing (LVR) protection. This ensures LPs retain profits even during rebalancing events, a unique offering compared to other AMMs that let arbitrageurs take advantage of their LPs on Base.

But it doesn’t stop there.

CoW AMM’s ability to handle pools with multiple tokens positions it as a "DeFi ETF," offering a diversified, set-it-and-forget-it solution for LPs and investors on Base.

CoW DAO is on a mission to make the DeFi world safer, and more secure. By deploying CoW Swap on Base, users are able to do more and worry less.