Grant Proposal: CoWs Analytics Dashboard

Authors: Aziz Aiden (github: 0xaiden / twitter: aiden0x4) Lokp Ray (github: raymond2338 / twitter: lokpray)

About Us: Aiden (@aiden0x4):

Ventures Engineer at IEX Exchange and Member at HydraVentures Prev: Technical BD at Near; Data Engineer @ The Block; Technical contributor at IndexCoop

Lokp (@lokpray):

Research developer @ NEAR + Ref Finance Prev: Research @ Nethermind Course Staff for DeFi course at UC Berkeley

Grant Category: Analytics Research

Grant Description: We propose to develop an open-sourced, advanced CoW (Coincidence of Wants) dashboard to provide a more accurate measure of CoWs. The dashboard will serve as a tool for protocol users to visualize the CoWs that are happening on-chain in real-time. It will provide users with an overview of the latest batch auctions, the assets involved, and the prices at which they were traded. Additionally, the dashboard will display the Coincidence of Wants that occurred in each batch. Some of the metrics that we could display to analyze CoWs include (but are not limited to): CoW Occurrence Rate, CoW Volume Share, Popular Token Pairs in CoWs, …)

• All parts of the dashboard (frontend to visualise the data, and the backend to process it) along with the necessary subgraph queries made are going to be published and open-sourced on a public Github repository.

Grant Goals and impact: The end goal is to increase CoWs in batch auctions and improve our understanding of them. This will be achieved by developing an open-source tool that can accurately detect CoWs, provide detailed analysis of their impact, and generate insights that can be used to capitalize on them. The tool will be useful for both novice and experienced CowSwap users and investors, and will support us and the community in developing and researching new ideas to capitalize on CoWs, which could potentially lead to increased liquidity and reduced costs for traders.

Milestones:

Research and develop algorithms to detect and extract CoWs in Batch Auctions (1 - 2 weeks). Test the algorithms on historical data and fine-tune them for accuracy (0 - 1 week) Develop the CoW Analytics dashboard and add the visualizations (1 week) Testing, bug fixing, and deployment (1 week)

Grant Timeline: We expect the grant to be completed within one month.

Funding Request: We ask for $15,000 to fund this grant proposal.

Budget Breakdown: The funds will go towards labor cost. The budget allocated will cover the costs of the development for 2 people on a part-time basis (25 hours weekly) for the duration of the project, which comes out to around $75 per hour.

Compensation: 5K xDAI up-front. 5K xDAI + 62.5K $COW, paid on completion.

Gnosis Chain Address (to receive the grant): 0xd819efc646e5f31EC83ea0E6234102165c1b6c21

Referral: @bh2smith

Terms and conditions: By applying for this grant, we agree to be bound by the CowDAO Participation Agreement and the COWDAO Grant Terms and Conditions.