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MooMaker

MooMaker uses an LP-pool and an off-chain market maker auction to efficiently solve batches on the COW protocol, increasing capital efficiency for market makers and providing better pricing for COW users.

MooMaker

Created At

ETHGlobal Lisbon

Winner of

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🥉 Gnosis Chain — Best Use

Project Description

Our project is an application built on top of the CoW protocol that solves CoW batches with the help of an LP-pool and an off-chain auction for Market Makers (MM). MM can provide quotes for orders coming on-chain from CoW, and our auction selects the best one, settling trades using funds from our own LP pool if we win the batch. This increases efficiency for market makers as they use LP pool funds to settle trade and improves pricing for on-chain CoW traders that are looking for better prices as an alternative to pure on-chain paths.

How it's Made

Our project is built using Rust language, which allowed us to create a custom solver for the COW protocol that proposes solutions based on an off-chain auction among market makers. We used ECDSA to sign quotes from market makers and settle the batch in case we win the CoW solvers competition. To leverage CoW integration, we deployed our smart contracts on Gnosis chain.

Overall, our project was built with a strong focus on efficiency and effectiveness, leveraging the latest technologies to create a seamless and reliable solution for solving batches on the COW protocol. By using LP pools and an off-chain market maker auction, we reduced risks and increased capital efficiency for Market Makers while also providing better pricing for on-chain traders.

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