Te Aratohu Katoa ki CowSwap
Hokohoko i ngā tohu me te tiaki MEV, ngā whakawhiti kore hinu, me te whakapai ake i te nui. Akohia me pēhea te whakatūnga hokohoko rōpū a CoW Protocol me te whakataetae o ngā kaitautoko e tuku utu pai ake i ngā DEX tuku iho.
He aha te CowSwap?
CowSwap is the primary trading interface for CoW Protocol (Coincidence of Wants), an intent-based decentralized exchange protocol that fundamentally rethinks how token swaps are executed on Ethereum. Unlike traditional DEXs where trades execute immediately against on-chain liquidity pools, CowSwap uses a batch auction mechanism where orders are collected, matched, and settled in discrete batches.
Ka whakatakoto koe i tētahi hokohoko i CowSwap, ka haina koe i tētahi karere hiahia kāore i te ipurangi e tautuhi ana i te mea e hiahia ana koe ki te hokohoko me te nui rawa e whakaae ana koe. Ko ngā rōpū matatau tuatoru e kīia ana solvers ka whakataetae ki te kimi i te ara whakatinanatanga pai mō tō ota. Ko tēnei whakataetae, i whakakotahitia ki te whakataurite ota i waenganui i ngā kaihoko, ka tuku i te tiaki MEV, te hokohoko kore hinu, ā, he wā ka nui ake ngā utu i ngā kaihuihui.
I whakarewa a CowSwap i te tau 2021, ā, ka whakahaerehia e CowDAO. Ka tautoko i te hokohoko i runga i te Ethereum mainnet, Gnosis Chain, Arbitrum, me Base, ā, kua tukatuka i ngā piriona tāra i te rahi hokohoko katoa.
Hokohoko i runga i te Whāinga
Waitahia ngā mea e hiahia ana koe ki te hokohoko, kaua ko te āhua. Ka kimihia e ngā kaiwhakawātea te ara whakatinanatanga tino pai mō ia tono.
MEV Kua Tiakina
Ka aukati ngā hokohoko rōpū i te āhua o te whakatere i mua me ngā pānga kārihi e utu ai ngā kaiwhakamahi DEX i ngā piriona ia tau.
Ngā whakawhiti kore hinu
Kāore he ETH e hiahiatia mō te hinu. Ka utu ngā kaiwhakawātea i ngā utu whakawhitinga, ā, ko te utu kua whakaurua ki te utu whakatinana.
Me pēhea te mahi a CowSwap
Ko te hanganga o CowSwap e huri ana ki ngā ariā matua e toru: ngā hokohoko rōpū, He ōrite o ngā hiahia (CoW), me ngā whakataetae kaiwhakawātea. Ka hanga rātou he pūnaha hokohoko e tino rerekē ana i te tauira AMM i whakatūwhera e Uniswap.
Ngā Hokohoko Rōpū
Mēnā kāore e tukatuka ngā hokohoko kotahi-ā-kotahi i a rātou e tae mai (pērā i Uniswap, SushiSwap), ka kohikohi te CoW Protocol i ngā tono i roto i tētahi wā kotahi, ā, ka whakatau i ngā katoa i roto i tētahi whakawhitinga on-chain kotahi e kīia ana ko rārangi. I roto i ia rārangi, ka whiwhi ngā hokohoko katoa mō te tētahi pāheketanga tohu kotahi i tētahi utu āhua ōrite, arā kāore he kaihoko kotahi e whiwhi i tētahi pakihi kino ake nā te mea i tū ki muri i te rārangi.
Ka whakakore tēnei hoahoa i te tikanga tuatahi‑mai‑tuatahi‑ka‑whakamahia e ngā pūkaha MEV. Nā te mea ka tutuki ngā tono katoa i te utu kotahi, kāore he painga ka taea te whiwhi mā te whakarite anō i ngā whakawhitinga i roto i tētahi rōpū.
He ōritenga o ngā hiahia (CoW)
Ko te āhuatanga ingoa o te protocol's, He Pāheketanga o ngā Hiahia, e whakataurite ana i ngā tono tika i waenganui i ngā kaihokohoko ina taea. Mēnā e hiahia ana a Alice ki te whakawhiti ETH ki USDC, ā, e hiahia ana a Bob ki te whakawhiti USDC ki ETH i te rārangi kotahi, ka taea e rātou ngā tono te whakataurite i waenganui i te tangata ki te tangata kāore e pā ki te pūkete waiwai AMM i te katoa.
Ka whakakore i ngā utu AMM ngā whakataurite CoW, whakaiti i te heke, ā, ka karo i ngā pānga o te ngaro wātea e pā ana ki te LP i te utu whakatinana. I te mahi, he nui ngā whakataurite CoW wāhanga: ka taea te whakakī i tētahi wāhanga o te tono mā te tangata ki te tangata, ā, ka tukuna te toenga ki te pūtea-aho i runga i te aho.
Ngā whakataetae Kaiwhakawā
Ka kohia ana he rōpū tono, ka whakataetae ngā ngaio kaitautoko ka whakataetae i te hokohoko hei whakatinana i te rōpū. Ka tuku ia kaitautoko i tētahi otinga e tautuhi ana me pēhea te whakakī i ia tono i te rōpū, ngā puna waiwai hei whakamahi (Uniswap, Balancer, Curve, ngā kaihanga mākete tūmataiti, aha atu), me pēhea te ara i ngā tauhokohoko kia tino pai.
Ko te kaiwhakawāhi e tuku ana i te nuinga rawa tāke ki ngā kaihokohoko ka toa te rōpū. Ko te tāke te rerekētanga i waenganui i te utu i whakatakotoria me te utu tūturu o te whakatinanatanga. Mēnā ka kitea e te kaiwhakawāhi utu pai ake i te mea i tumanakohia e te kaihokohoko, ka tukuna te tāke ki te kaihokohoko, kāore ki te kaiwhakawāhi. Ka hanga tēnei i tētahi āhua whakataetae e whakatenatena ana i ngā kaiwhakawāhi ki te tuku uara mōkito ki ngā kaiwhakamahi.
Tiaki MEV: Me pēhea te CowSwap e tiaki i ō hokohoko
Ko te Uara Kawea Mōra (MEV) he mea nui o ngā utu huna nui rawa o te hokohoko i ngā whakawhiti kāore i te rangatū. Ka aroturuki ngā pūkete MEV i te mempool o Ethereum mō ngā whakawhitinga e tatari ana, ā, ka tango uara mā whakamau mua (ka whakatakoto tono hoko i mua i tōu kia piki ake te utu) me ngā pānga kāri (ka hoko i mua, ka hoko i muri i tō hokohoko kia hopu te pānga utu i hangaia e koe).
Ka tohu ngā tatauranga i te tango MEV kua utu i ngā kaiwhakamahi DeFi i te nui ake i te $1.38 piriona mai i te 2020. Ka whakarato a CowSwap i te tiaki hanganga mā ngā apa maha.
Tuku Pārauranga i waho o te aho
Ka hainatia ngā tono i waho o te aho, ā, kāore e whakauru ki te mempool tūmatanui. Kāore ngā pūkete MEV e kite i ngā tauhokohoko tatari hei whakatere i mua i a rātou.
Utu Whakapūmau Kotahi
Ka whakatau katoa ngā tono i roto i te rōpū ki te utu kotahi. Kāore he painga ki te whakarārangi anō i ngā whakawhitinga nā te mea kāore te utu e whakawhirinaki ki te tūnga.
Tautuhi Tūhonohono
Ka whakakotahi a CoW i te karo i ngā pūkete AMM katoa. Ina ka whakakotahitia ngā tauhokohoko i waenga i ngā kaiwhakamahi tika, kāore he tapanga i runga i te aho mō ngā pūkoro ki te whakamahi.
Tae ki ngā Kaihokohoko
Ka haere ngā whakapai ake utu i kitea e ngā kaiwhakawā ki te kaihokohoko, kāore ki te tikanga. Ko te uara ka kawea i te mea e kawea ana hei MEV ka whakahoki ki ngā kaiwhakamahi.
Ngā āhuatanga matua o CowSwap
Tauhokohoko kore hinu
CowSwap kaiwhakamahi kāore e utu utu hinu ā-tūturu. Ka hainatia e koe he karere kāore i te aho (he "meta-transaction") kāore he utu. Ko te kaiwhakawātea e wikitoria ana i te hokohoko rōpū ka utu i te hinu hei whakatau i te whakawhitinga i te aho, ā, ka whakahoki i te utu mā te rerekētanga i waenganui i te utu i whakatakotoria me te utu i whakatinanahia.
Ko tēnei tikanga ka taea e koe te hokohoko ahakoa kāore he ETH i tō pūkete, he mea tino whaihua mō ngā kaiwhakamahi e pupuri ana i ngā tohu ERC-20 anake.
Whakapai ake i te nui rawa
Ka hoki te moni tāpiri ki a koe ina kitea e ngā kaiwhakawātea te utu whakatinana pai ake i tō utu mōrearea. Hei tauira, mēnā ka tautuhi koe i tētahi mōrearea ki te hoko 1,000 USDC mō 0.5 ETH, ā, ka whakatinanahia e te kaiwhakawātea te utu e whiwhi ai koe i te 1,020 USDC, ka mau tonu e koe te 20 USDC tāpiri.
Ka huri tēnei tikanga i ia hokohoko ki tētahi whai wāhi "best execution" e whai hua ai te kaituku mā te whakataetae i waenga i ngā kaiwhakawātea.
Uru Mōrearea
CowSwap e tautoko ana i ngā tono whakaiti taketake kāore he hinu ki te whakatakoto me te whakakore. Kāore i ōrite ki ngā tono awhe awhe o Uniswap i runga i te aho, ko ngā tono whakaiti a CowSwap e hainatia ana i waho i te aho, ā, ka whakatinanahia anake ina tae te mākete ki tō utu kua tautuhia. Ka taea e koe te tautuhi i ngā tono utu toharite wā (TWAP) hei wehe i ngā hokohoko nui ki ngā rōpū maha, e whakaiti ana i te pānga o te utu.
Ngā Hook CoW
Ka taea e ngā CoW Hooks te hono i ngā mahi on‑chain ahakoa ki mua, ki muri rānei i te whakawhiti. Hei tauira, ka taea e koe te whakawhiti i ngā tohu, te tono utu, te whakatuwhera i te WETH, me te tāpui ki tētahi pouaka, katoa i roto i tētahi whakawhitinga kotahi i te taha o tō whakawhiti. Ka whakakaha tēnei āhei te CowSwap hei pou whakatū kaha mō te aunoa DeFi.
Me pēhea te hokohoko i CowSwap
He māmā te hokohoko i CowSwap. Aroturuki ēnei hipanga ki te whakatinana i tō whakawhiti MEV tuatahi.
Hono tō pūkete
Tirohia swap.cow.fi ka hono i tētahi pūkete Web3 pērā i MetaMask, Rabby, WalletConnect, me he pūkete pūrere. CowSwap e tautoko ana i Ethereum, Gnosis Chain, Arbitrum, me Base.
Tīpakohia ngā Tokana & Te Rahi
Kōwhiria te token e hiahia ana koe ki te hoko me te token e hiahia ana koe ki te hoko. Whakauruhia te rahi. CowSwap ka whakaatu i tētahi utu, te nui e whakatau ana, me te nui mōkito ka whiwhi koe i muri i te whakaaetanga o te huringa utu.
Whakaaetia te Token (Mō te wā tuatahi anake)
Mēnā ko tēnei te wā tuatahi e hokohoko ana koe i tētahi tohu i CowSwap, me whakaaetia e koe te kirimana relayer o te whare puaka o CowSwap kia uru ai ki taua tohu. He tukanga kotahi i te aho mō ia tohu tēnei. I muri i te whakaaetanga, ko ngā whakawhiti katoa ka whai i taua tohu kāore he haure.
Hainatia te Tono
Pāwhiritia "Swap" ka hainatia te tono i tō pūkete. He waitohu kāore he haure tēnei (EIP-712 typed data) e tautuhi ana i tō hiahia hokohoko. Kua tukuna tō tono ki te pukapuka tono a te CoW Protocol.
Tatari mō te Whakapūmau
Ka whakaurua e ngā kaiwhakawātea tō tono i te hokohoko rārangi e whai ake nei. Ka roa te whakatau, he 30 hēkona ki ngā meneti torutoru. Ka taea e koe te whai i te āhua o tō tono i te Toronga CowSwap. Mēnā kāore he kaiwhakawātea e taea te whakakī i tō tono i tō utu mōkito, ka mutu te tono kāore e utu ana i a koe.
Te Tohu COW
Ko te tohu COW te tohu kāwanatanga me te whakamahi o te CoW Protocol, i whakarewahia i te marama o Poutū-te-rangi 2022 me te tapeke katoa o te kotahi piriona ngā tohu.
Whakahaere
Ka pōti ngā kaipupuri COW mō ngā whakahoutanga o te kawenata, ngā tawhā utu, te whakapau pūtea, me ngā whakaritenga hononga o te kaiwhakawāhi mā ngā tono CowDAO i runga i te Snapshot.
Hononga Kaiwhakawāhi
Me honoa ngā kaiwhakawāhi i ngā tohu COW kia uru ki te hokohoko rārangi. Ka taea te whakaiti i tēnei haumi mēnā ka mahi kino te kaiwhakawāhi, e whakakotahi ana i ngā kaupapa o te kaiwhakawāhi ki te tiaki kaiwhakamahi.
Utu Whiwhinga
Ka kohikohi te Kaupapa CoW i ngā utu i ia hokohoko. Ka whakahaerehia te whiwhinga o te kaupapa e CowDAO, e whakatau ana i ngā hokonga, te tohatoha pūtea, me ngā whakatenatena ā-hapori.
CowSwap ki Uniswap ki 1inch
Me pēhea te whakataurite a CowSwap ki te DEX me te kaiwhakakotahi rongonui rawa? Anei he whakawehe tata i ngā rerekētanga matua.
| Āhuatanga | CowSwap | Uniswap | 1inch |
|---|---|---|---|
| Tauira Hokohoko | Hokohoko rōpū + kaiwhakawātea | AMM (hua pūmau) | Kaiwhakakotahi DEX |
| Tiaki MEV | Kua whakaurua | Kore | Aratau Whiriwhiri |
| Utu Hāora | Kore hāora | Ka utu te kaiwhakamahi | Kore hāora (Whiriwhiri) |
| Tae ki te Kaihokohoko | Āe | Kāo | Wāhanga |
| Uru Mōrearea | Kore utu, kore hāora | Ngā tono awhe anake | Kore utu |
| Ngā Tono TWAP | Motu | Kāo | Kāo |
| Ngā Aho Ka tautokohia | Ethereum, Gnosis, Arbitrum, Base | 20+ ngā aho | 10+ aho |
| Whakapāheketanga (Hooks) | Ngā Hook CoW | Hooks v4 | Kāo |
Āhuatanga Matatau
I tua atu i ngā whakawhiti māmā, ka tuku a CoW Protocol i tētahi kohinga āhuatanga matatau e whakapakari ana i te papanga hanganga kaha mō ngā kaihanga DeFi me ngā kaiwhakamahi kaha.
Ngā Hook CoW
Ka āhei a CoW Hooks ki te hono i ngā mahi mua-whakawhiti me ngā mahi muri-whakawhiti ki tētahi tono. Ka taea e tētahi mahi mua-whakawhiti te wehe i ngā tohu i te pouaka, ā, ka taea e tētahi mahi muri-whakawhiti te tuku i ngā tohu puta ki tētahi kaupapa kāri. Ka whakatinanahia ngā mahi katoa i te kotahi, i te tukanga kotahi, e penapena ana i te hinu, ā, e whakakore ana i te mōrearea o te whakatinanatanga wāhanga. Ka whakaurua ngā tauira whakamahinga:
- Tono i ngā utu whakatūpato, ka whakawhiti wawe ki tētahi moni pūmau
- Hono ngā tōken mai i L2 ki Ethereum, ka whakawhiti ka tuku ki Aave
- Waiho te WETH ki ETH i muri i te whakawhiti
- Whakaaetia tētahi tōken, ka whakawhiti i te hononga kotahi
Ngā Utu Hōtaka
Ka taea e ngā kirimana atamai te tuku ota ki te CoW Protocol mā te papanga ota ka taea te whakakotahi. Ka āhei tēnei i ngā DAO, ngā kaiwhakahaere tahua, me ngā kaupapa DeFi ki te aunoa i ō rātou rautaki hokohoko. Ka wehe ngā ota TWAP (Te utu Tautau Tōpū) i tētahi hokohoko nui ki ngā wāhanga iti ake i te roanga o te wā, e whakaiti ana i te pānga utu, ā, ka whiwhi i te utu whakatinana toharite pai ake.
Ka whakamahi ngā ota Milkman, i whakawhanaketia e Yearn Finance, i ngā tikanga ota hōtaka hei whakarite kia whiwhi ngā tahua pūnaha i ngā utu mākete tika i ngā wā katoa, me te kore āwhina ā-ringa.
CoW AMM
Ko te CoW AMM he kaihanga mākete aunoa e hopukina ana e te MEV e tiaki ana i ngā kaiwhakarato waiwai i te ngaro-ki-te-whakakē (LVR), te puna matua o te ngaro kāore i te roa. Kaore i ōna rite ki ngā AMM tuku, i reira ka haere te painga arbitrage ki ngā rorohiko MEV, ka hopukina e te CoW AMM te moni nui ake o te whakakē i roto i te hokohoko rōpū CoW Protocol, ā, ka whakahoki ki ngā LP.
Ka whakaatu ngā hua tuatahi i te whiwhi moni nui ake a ngā LP o te CoW AMM i te whakataurite ki ngā pūreke āhua Uniswap v2 ōrite, nā te mea ka tohua te uara e ngā kaihoko arbitrage i te nuinga, ā, ka tohua anō ki ngā kaiwhakarato waiwai.
Ngā Pātai Auau
He haumaru te CowSwap ki te whakamahi?
Me pēhea te tiaki a CowSwap i te MEV?
Me utu au i ngā utu hinu i CowSwap?
He aha te COW token e whakamahia ana mō?
Me pēhea te rerekētanga o CowSwap i te Uniswap?
Haere tonu ki te ako
Tirohia atu ētahi aratohu me ngā tuhinga mō ngā tikanga DeFi me ngā rautaki tauhokohoko.
He aha te CowSwap?
He tirohanga poto o CowSwap, tōna hītori, me te take e whai tikanga ana mō ngā kaihokohoko DeFi.
Pānui Tuhinga AratohuBalancer Aratohu
Ako mō ngā pūreke taumaha, tokenomics o BAL, me ngā rautaki waiwai whakawhanaketanga i runga i Balancer.
Pānui Aratohu AratohuAratohu Morpho
Mā te Morpho Blue, whakapai ake i te kāri. Whakatauranga tangata ki te tangata, ngā whare paku, me te whakapai ake o ngā reiti.
Pānui AratohuWhakakotahitia tō mātauranga DeFi ki te mahi
I muri i te whakawhiti token i runga i te CowSwap, whakapakari i ō penapena stablecoin ki te Coinstancy. Whiwhi tae atu ki te 7% APY i runga i USDC, USDT, me DAI mā ngā rautaki DeFi mārama, kua arotake.
Tīmata te whiwhi moni i te CoinstancyKua rite ki te hoko mātau ake?
Whakamahia te CowSwap mō ngā tauhokohoko kua tiaki MEV, ka whakapakari i ō whiwhinga mā ngā hua stablecoin a te Coinstancy's.