CoW Protocol

The COW token serves several key purposes within the CoW Protocol ecosystem:

• Governance: - The COW token enables decentralised decision-making through CowDAO. - Token holders can propose changes, discuss initiatives, and vote on protocol upgrades, fee structures, and operational policies. - Economic Incentives: - COW token holders may receive discounts on trading fees when using affiliated platforms, such as CowSwap. - Community Engagement: - The token ensures that stakeholders play an active role in the protocol's development and long-term sustainability by participating in governance and other activities. By combining governance and utility, the COW token drives participation and alignment of interests within the ecosystem.