If you zoom out from the day-to-day fluctuations in major asset classes, you’ll find a big trend.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

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Golden Finance launched the 2398th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Answers to recent questions from readers. If you have any questions, please leave a message. We will sort them out and answer them together next time.

The dumbbell strategy is mentioned by Taleb in "Antifragile", which is to adopt a conservative strategy in one field, choose an open strategy in another field, and abandon the middle road.

According to BlockBeats, CoW Protocol (COW) has broken through the $0.48 mark, with its current price at $0.418, experiencing a 14.2% increase in the past 24 hours. The data was provided by CoinGecko, a leading cryptocurrency market data provider.

According to Blockworks, CoW DAO, the decentralized autonomous organization behind CoW Swap, is introducing a new automated market maker (AMM) called CoW AMM to tackle the 'loss versus rebalancing' (LVR) issue faced by liquidity providers (LPs). Most AMMs currently depend on data from other exchanges to determine an asset's market price, which can result in discrepancies between the AMM and exchange prices. Opportunistic traders often exploit these differences for arbitrage, causing LPs to lose value. LVR refers to the loss LPs must bear due to arbitrage bots rebalancing liquidity pools. Andrea Canidio, a senior research analyst at CoW Swap, stated that LVR is a significant centralizing force today, with three builders creating over 70% of blocks and having considerable control over transaction inclusion in the blockchain. Research from Cornell University indicates that major token pair LPs earn less than 5-7% on their deposits due to LVR, with arbitrageurs accounting for an estimated $500 million in LP losses annually. CoW AMM aims to transform the competition into arbitrage liquidity pools that benefit LPs. After a liquidity provider deposits tokens into a CoW AMM pool, the funds become available to CoW Swap traders. Solvers then compete to settle trades on CoW Swap and bid to rebalance the AMM pools when arbitrage opportunities arise. The solver offering the most surplus can rebalance the pool, protecting LPs from MEV bots. Liquidity can be deployed into the CoW AMM through programmatic orders. To initiate the process, CoW DAO has allocated 6 million COW and 139 WETH to boost COW/WETH market liquidity. Fernando Martinelli, CEO of Balancer Labs, expressed excitement about exploring custom AMM designs like CoW AMM, as MEV/LVR is a key issue preventing LPs from joining AMMs.

더블록에 따르면 탈중앙화 거래 프로토콜 카우프로토콜(COW) DAO가 MEV(채굴자와 블록빌더, 검증자가 블록 내 트랜잭션을 삽입하거나 순서를 변경해 블록 보상을 최대치로 끌어올리는 것)로부터 유동성 공급자를 보호하는 자동화 마켓 메이킹(AMM) 솔루션을 출시했다고 밝혔다. 손실 가능성이 있는 MEV를 포착해 유동성 공급자와 공유해 손실 가능성을 줄인다는 설명이다.

1. Lybra Finance: The sudden drop in TVL was caused by user behavior, and the protocol and assets are safe; 2. The total net inflow of Bitcoin spot ETF yesterday was US$80.07 million, and the total net asset ratio of the ETF reached 3.34%; 3. Data: The U.S. Bitcoin Spot ETF has had a net inflow of 32,000 BTC since its launch; 4. Santiment: The number of Bitcoin whale wallet addresses fluctuated significantly this week, hitting the highest level in more than a year; 5. CoW Protocol initiated a proposal to adjust computing node rewards and sought to increase budget support by 8 million COW; 6. Ripple payment service plans to return to the US market and launch exclusive solutions; 7. The daily trading volume of DEX on the Ethereum chain exceeded 1 billion US dollars and returned to the first place, and the DEX on the Solana chain ranked second with 877 million US dollars; 8. On the 16th trading day, the Bitcoin spot ETF saw a net inflow of approximately US$79 million; 9. The negative premium rate of Grayscale GBTC is 0.05%, and the negative premium rate of ETH Trust is 13.16%.

CoW Protocol initiated a computing node reward adjustment proposal in Snapshot. The protocol currently has 18 running computing nodes (Solver), competitively providing the best solution for batch auctions running in seconds, and also serving as a price estimator. In response to the recent increase in protocol order traffic, the proposal recommends adjusting the quote reward for each order from 9 COW to 6 COW and introducing a 0.0006 ETH cap for each quote reward. In addition, in view of the increase in COW price relative to ETH, the proposal proposes to increase the upper limit of performance rewards for each settlement from 0.01 ETH to 0.012 ETH to incentivize computing nodes to optimize execution effects. The proposal adjusts the weekly budget for computing node competition, reducing it from 306,307 COW to 250,000 COW. The absolute upper limit for consistency rewards is 6 ETH. The total budget target for weekly rewards is 300,000 COW, and requests the DAO to provide support of 8 million COW. The adjustment is expected to last for 6 months.