📄️ Flow of an order
Rather than creating executable on-chain transactions, CoW Protocol users on EVM submit their orders as signed intent to trade messages. This allows solvers to find the optimal execution path for the batch of orders before committing them on-chain.
📄️ Coincidence of Wants
CoW (Coincidence of Wants): An economic phenomenon where two parties - each holding the asset that the other needs - exchange assets directly in an equivalent barter.
📄️ CoW Protocol vs. CoW Swap
While the two are intertwined, there are important differences between CoW Protocol and CoW Swap.
📄️ How Intents Are Formed
An intent in CoW Protocol is a signed message that represents a user's wish to trade. It doesn't execute a trade directly — instead, it delegates execution to solvers who find the optimal path.