MEV is a practice on the blockchain where bots reorder transactions to extract profit at users’ expense, making mitigation key to ensuring fair pricing and protecting traders.

The platform is governed by CoW DAO, a decentralized autonomous organization spun out of the Gnosis ecosystem. The project has positioned itself as a user-protective alternative in DeFi trading, emphasizing execution quality and fairer trading outcomes.

“We are now actively working to resolve the situation. Please continue to refrain from using swap dot cow dot fi until we confirm that it is safe to use,” the team wrote on X.

Read more: DEX Aggregator CoW Swap Targets 33% Trading Boost With Collaboration Feature, More Rewards

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The new initiative aims to address a persistent challenge in crypto development—the high cost of smart contract security audits.

What to know:

  • The Ethereum Foundation on Tuesday launched a $1 million Audit Subsidy Program to help builders offset the high cost of smart contract security audits, a key barrier to safer development.
  • Part of its broader “Trillion Dollar Security” push, the initiative partners with major firms and 20+ audit providers to expand…

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