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Solvers Solvers are bonded third parties that execute trades on behalf of users through an intent-based delegated execution model. Once a user submits an intent, the protocol groups it alongside other intents in a batch auction. As soon as a batch is “closed for orders”, meaning that it stops considering new orders, the protocol runs a competition where solvers submit solutions for the intents in the batch. Whichever solver offers the best solution for the batch auction (defined as the solver that provides the most surplus to user orders) gets to execute the orders. Solvers are compensated in COW tokens for settling batches, incentivizing them to compete to find better prices and win the right to execute user intents.

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How Solvers Work

Solvers can move tokens on behalf of the user using the ERC-20 approvals that the user granted to the vault relayer contract. The settlement contract, meanwhile, verifies the signature of the user’s intent and ensures that execution happens according to the limit price and quantity specified by the user. Anyone with some DeFi knowledge and ability to code an optimizations algorithm can create a solver.
Last modified on March 12, 2026