CoW Swap: MEV-Protected DEX

Trade with protection built into every order.
CoW Swap is a decentralized trading interface powered by CoW Protocol. Instead of sending your trade directly through a single liquidity source, CoW Swap lets independent solvers compete to find an efficient execution path for your order.
Your intent comes first. Solvers search across available on-chain liquidity, private inventory and Coincidence of Wants opportunities to deliver a competitive result while helping protect your order from common forms of MEV.
SMARTER ORDER EXECUTION
Tell CoW Swap what you want to trade and the minimum result you are willing to accept. The protocol handles routing and settlement while solvers compete to execute your order.
Your trade may be matched directly with another trader through a Coincidence of Wants or routed through available on-chain liquidity.
MEV PROTECTION
Traditional transactions can be exposed in the public mempool before they settle. This can create opportunities for frontrunning, sandwich attacks and other forms of value extraction.
CoW Protocol is designed to reduce this exposure by using signed trade intents, batch auctions and solver-based settlement.
SOLVERS COMPETE FOR YOUR ORDER
Independent solvers evaluate possible execution paths and compete to produce the most favorable valid settlement for each batch.
This competition can combine liquidity from multiple sources instead of relying on a single decentralized exchange or liquidity pool.
KEEP YOUR PRICE IMPROVEMENT
When a solver finds an execution better than the quoted minimum, the additional eligible surplus is returned to the trader according to CoW Protocol’s settlement rules.
Your limit remains the boundary of the order. CoW Swap does not require you to surrender a better execution simply because one was found.
FLEXIBLE ORDER TYPES
Use the order type that fits your strategy and the features available on your selected network:
• Market orders for straightforward token swaps
• Limit orders for trading at a selected price
• TWAP orders for splitting larger trades over time
• Advanced intent-based functionality where supported
REVIEW BEFORE YOU SIGN
See the assets, amounts and relevant order information before providing a wallet signature. Orders execute only when their conditions can be satisfied.
Availability, supported tokens, order types and network support may vary. Always verify the selected network, token contract, approval amount and order details before signing.
NON-CUSTODIAL BY DESIGN
CoW Swap does not take custody of your wallet. You connect a compatible wallet and authorize only the actions required for your order.
You remain responsible for securing your wallet, recovery phrase and private keys. CoW Swap support will never ask for your recovery phrase or private key.
BUILT ON COW PROTOCOL
CoW Protocol is a permissionless trading protocol using intents and fair combinatorial batch auctions for price discovery and settlement.
Its solver network searches for Coincidence of Wants opportunities and available liquidity to execute valid user orders while providing protocol-level MEV protection.
Trade with intent. Let solvers compete. Keep control of your wallet.
Risk disclosure
Digital assets and decentralized finance involve risk. Token prices can change rapidly, smart contracts may contain vulnerabilities and orders may not execute. Review every transaction carefully and use only funds you can afford to risk.