Dear LBank users,
COW (Cow Protocol) will be listed on LBank at 15:30 on November 6, 2024 (UTC). The details are as follows:
Trading Pair: COW/USDT
Trading Zone: USDT Zone
Start Deposit: Already Opened
Start Trading: 15:30 on November 6, 2024 (UTC)
Start Withdrawal: Already Opened
※ This will be effective upon commencement of trading.
Instead of directly executing trades on-chain, users only sign their swap intention and delegate the execution to so-called solvers (aka relayers in other protocols). Solvers bid on the best possible exchange rate in order to win the right to settle trades. By batching multiple trades together in order to create CoWs (Coincidence of Wants), solvers can save on gas costs, AMM fees and execution risk. Therefore CoWs lead to structurally better prices than on any existing DEX aggregator. In the absence of CoWs solvers fall back to using the best possible on-chain route, by comparing quotes from leading aggregators. COW token allows its holders the right to govern and curate the infrastructure of the CoW Protocol ecosystem through the CowDAO. Additionally, COW token holders receive fee discounts when trading on CowSwap & some other perks.
Website: https://cow.fi
Blockchain browser:
https://etherscan.io/address/0xDEf1CA1fb7FBcDC777520aa7f396b4E015F497aB
⚠️ Note:
The transaction fee of COW/USDT is Taker (0.20%) ，Maker (0.20%).
LBank Community
For any assistance, please contact us at our official email service@lbank.com. We are dedicated to providing quality, professional and prompt support.
Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.
LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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