Balancer CoW AMM

The first MEV-capturing AMM, from Balancer and CoW DAO. CoW AMM protects LPs from LVR arbitrageurs so they can provide liquidity with less risk and more return

## Overview Balancer CoW AMM is a joint implementation between Balancer and CoW DAO that merges automated market maker functionality with MEV-capturing mechanisms. The tool was built to address a structural problem in traditional AMM design: liquidity providers (LPs) suffer losses to arbitrageurs exploiting price differences between pools and external markets. This loss, known as loss versus rebalancing (LVR), erodes LP returns even when prices move in their favor overall. CoW AMM inverts this dynamic by capturing the MEV that would normally flow to external arbitrageurs and directing it back