Research on Sandwich MEV Impact On CoW Protocol Part 2

Author: EigenPhi contact@eigenphi.com

About You: EigenPhi is the leading on-chain data analysis research firm and platform. Our expert blockchain engineers, quant analysts, and data scientists created EigenPhi to shine a light on the hidden MEV and liquidity war raging in the DeFi industry. We provide the analysis needed to extrapolate the wisdom held within the data to identify the risks, optimize strategies, and improve designs.

Additional Links: Website: https://eigenphi.io Twitter: https://twitter.com/EigenPhi

Grant Category: DeFi Data Infrastructure.

Grant Description: We propose to continue the research of Sandwich MEV’s impact on Cow Protocol. The former research of the comparison among CoW Swap, Curve, and Uniswap has been done. It's time to integrate more data from 1inch and Matcha. This would provide more benefits including:

• Comprehensive understanding of the sandwich MEV impact on aggregators.
• Proof of CoW Swap’s advantage of Sandwich MEV minimizing.

Grant Goals and Impact: Our goal is to reveal the trends of Sandwich MEVs on CoW and compare the result with 1inch and Matcha.

The time frame of the research: The whole year of 2022 The study will focus on the following:

1. The comparison of the sandwich percentage of CoW Swap versus that of 1inch and Matcha. (by counts and volume)
2. Revenue comparison of CoW Swap versus 1inch and Matcha.
3. Cost/Profit of Sandwich Attackers of CoW Swap versus 1inch and Matcha.
4. Volume Analysis of CoW Swap versus 1inch and Matcha.
5. Frequency Analysis of CoW Swap versus 1inch and Matcha.

Milestones:

• Submit full report

Grant Timeline:

• Full report: 15 business days

Funding Request: $1,500

Wallet address to receive the grant: 0x6EEe2F3912D6e92BFc07820c739fa3277F8B8F2b

We will share our methodology and data sets that we use to generate the report once it’s done. And we agree to be bound by the CowDAO Participation Agreement and the COWDAO Grant Terms and Conditions.