From 409c38d5b415a28f13e12d1d14ec26c3084cea8f Mon Sep 17 00:00:00 2001 From: harisang Date: Thu, 16 Jan 2025 08:47:44 +0200 Subject: [PATCH] address comment --- docs/cow-protocol/concepts/introduction/batch-auctions.md | 2 -- 1 file changed, 2 deletions(-) diff --git a/docs/cow-protocol/concepts/introduction/batch-auctions.md b/docs/cow-protocol/concepts/introduction/batch-auctions.md index 851fa792..3ac68491 100644 --- a/docs/cow-protocol/concepts/introduction/batch-auctions.md +++ b/docs/cow-protocol/concepts/introduction/batch-auctions.md @@ -3,8 +3,6 @@ sidebar_position: 3 --- # Batch auctions -Continuous limit order book designs leave room for arbitrage, incentivizing high-frequency trading and resulting in sub-optimal pricing for traders. Batch auctions are a new type of trading mechanism which addresses these flaws by grouping orders into discrete time intervals. This approach eliminates the arbitrage opportunities inherent in continuous limit order book designs and delivers more beneficial outcomes for traders. - CoW Protocol collects and aggregates [intents](./intents) off-chain and settles them together in groups, known as *batches*. The right to settle the orders in a batch is then "auctioned off" through a competition to the [solver](./solvers) offering the most surplus for the orders in the batch.