unrip/archive/implementation/20260408T162514Z-cow-protocol-intent-based-venue-integration-implementation.md

Implementation Turn: CoW Protocol intent-based venue integration

Status: open Opened: 2026-04-07

Goal

Integrate CoW Protocol as a second execution venue in a way that makes the architecture more real, not more decorative.

The system must be able to request a CoW quote, build the exact order amounts CoW expects, sign the order with the correct chain-specific domain, submit it to the CoW orderbook, durably track later order states, and surface that truth to operators without inventing a parallel data model or widening live-funds risk by accident.

Selected backlog items

• [I019] CoW Protocol intent-based venue integration: quote, sign, submit, and durably track CoW orders through the shared Kafka and PostgreSQL truth pipeline without widening live-funds risk beyond explicit approval.

Design rules

• Keep Kafka as the backbone and PostgreSQL as the durable store.
• Treat CoW as a venue adapter behind the existing architecture, not as a separate mini-application ecosystem.
• Do not silently change the already-live NEAR spendable inventory truth.
• Prefer one real chain and one real pair over scaffolding for many chains or advanced CoW features.
• Do not build solver, autopilot, conditional-order, hook, or CoW AMM support in this turn.

Assumptions to lock before coding

• Initial chain: Gnosis Chain.
• Initial signing path: EIP-712 with an EOA signer. If the user later wants Safe or another smart-contract wallet, that is a separate signing-path expansion.
• Initial pair: EURe/WBTC on Gnosis.
• Initial token addresses:
  • EURe: 0x420CA0f9B9b604cE0fd9C18EF134C705e5Fa3430
  • WBTC: 0x8e5bBbb09Ed1ebdE8674Cda39A0c169401db4252
• Planning validation already confirmed that CoW's live Gnosis quote API returns a valid EURe -> WBTC quote for a sample sell order.
• Full passed-proof validation requires an explicitly approved isolated CoW trader identity with funded and approved ERC-20 inventory. Without it, coding can proceed, but the turn cannot claim a passed live-trading proof.

Minimal service changes for this turn

• trade-executor must be refactored from a NEAR-only executor into an executor core with venue adapters.
• history-writer and the PostgreSQL layer must learn the new CoW raw quote and order-lifecycle records.
• operator-dashboard must expose CoW venue state, open orders, and last outcomes from the backend.
• strategy-engine should not be turned into a general multi-venue router in this turn. If a command-source tweak is needed to target CoW, keep it narrow and explicit.
• inventory-sync and liquidity-manager must not absorb CoW treasury or approval flows in this turn. At most they may expose read-only isolated CoW wallet facts if needed for operator clarity.

Why CoW changes the execution model

The current execution path is close to:

• decision
• command
• immediate result

CoW requires:

• quote request
• fee-aware order construction
• signature generation
• order submission returning an order UID
• later monitoring until the order becomes Filled, Partially-filled, Expired, or Cancelled

The first coding objective is therefore not a new screen or a new script. It is upgrading the execution model so a stateful orderbook venue fits the shared truth pipeline.

Architecture changes

1. Add a CoW venue package

Create a new venue package under src/venues/cow-protocol/ with focused modules:

• chains.mjs
  • chain metadata such as chain ID, orderbook base URL, settlement contract, and human label
• client.mjs
  • thin REST client for POST /api/v1/quote, POST /api/v1/orders, GET /api/v1/orders/{uid}, GET /api/v1/trades, and DELETE /api/v1/orders/{uid}
• amounts.mjs
  • quote-to-order amount construction using the documented CoW fee semantics
  • explicitly encode the difference between sell and buy order handling
• signing.mjs
  • CoW order digest creation and EIP-712 signing
  • use the documented Gnosis Protocol v2 domain shape and chain-specific settlement contract
• normalization.mjs
  • map CoW quote, order, trade, and cancellation responses into repo-owned event shapes
• errors.mjs
  • normalize HTTP, validation, and remote API failures into durable reason codes

Prefer the official CoW SDK or contracts helpers for digest and order-signing math where that reduces risk, but keep the repo-owned normalization and persistence boundaries explicit.

2. Extend config for CoW

Add explicit config entries in src/lib/config.mjs and manifests for:

• CoW enabled flag
• CoW chain name and chain ID
• CoW orderbook base URL
• CoW settlement contract address for the selected chain
• CoW trader address
• CoW signer private key or signing-provider hook
• CoW preferred sell and buy token addresses and decimals for the approved pair
• CoW order validity default
• CoW monitoring interval for open orders
• CoW API key slot if partner-authenticated access is later used

Do not store secrets in repo. Only add config plumbing.

3. Refactor trade-executor into executor core plus adapters

The executor should become:

• a venue-agnostic command consumer
• a shared idempotency and state owner
• a venue adapter dispatcher

Adapter plan:

• extract current NEAR execution code into a near-intents adapter without changing behavior
• add a cow-protocol adapter implementing:
  • command validation
  • balance and allowance preflight checks
  • CoW quote request
  • amount construction from the quote
  • order digest generation
  • signature creation
  • order submission
  • submission-time event emission
  • open-order monitoring and later state updates
  • cancellation support if enabled

The executor core should no longer assume that an adapter returns only one terminal result.

4. Introduce canonical order-lifecycle events

The current exec.trade_result topic is not enough for CoW.

Add one new canonical topic for non-terminal and terminal order-state updates:

• exec.order_update

This topic should carry at least:

• command_id
• venue
• venue_order_id
• status
• observed_at
• filled_sell_amount
• filled_buy_amount
• settlement_tx_hash
• trade_ids
• reason_code
• reason_text
• is_terminal

Keep exec.trade_result as the terminal summary topic for compatibility, but make it derived from the richer order-update model where needed.

Near Intents may continue to emit one immediate terminal update through this new topic as a trivial case. CoW will use multiple updates over time.

5. Persist CoW raw and normalized truth in PostgreSQL

Add new durable tables and query helpers in src/lib/postgres.mjs and src/core/history-records.mjs.

Required new durable stores:

• raw_cow_quotes
  • quote request inputs and raw response payload
• trade_order_events
  • canonical order lifecycle records across venues
• cow_orderbook_orders
  • latest known CoW order snapshot keyed by order UID
• cow_orderbook_trades
  • trade records returned by CoW trade history when available

Required linkage:

• command_id must join submission, order UID, later state updates, and terminal result
• order UID must join order snapshot and trade records
• every later state update must be replayable from PostgreSQL without requiring in-memory executor state

6. Upgrade history writing and replay

Extend history-writer routing so the new CoW topics and records are first-class:

• raw.cow.quote -> raw_cow_quotes
• exec.order_update -> trade_order_events
• optional CoW-specific normalized topics if needed for operator surfaces

Replay requirement:

• on restart, the CoW monitor must be able to recover open orders from durable state and resume monitoring
• local state files may exist for convenience, but PostgreSQL must remain the durable source of truth

7. Add a CoW open-order monitor

CoW order submission is not enough. The repo needs a venue monitor loop.

Implementation shape:

• trade-executor maintains a small set of currently open CoW orders
• on startup, it reloads open CoW orders from PostgreSQL
• on each monitor tick, it fetches latest order state from GET /api/v1/orders/{uid}
• if the order is partially or fully filled, also fetch trade details from GET /api/v1/trades
• it emits exec.order_update for every meaningful state transition
• it emits a terminal exec.trade_result when the order reaches a terminal state

Operator rules:

• open-order age and last refresh time must be visible
• monitoring failures must produce durable alerts or explicit venue-state errors

8. Handle CoW-specific preflight checks

Before submitting a CoW order, the adapter must validate:

• configured chain and orderbook URL are consistent
• signer address matches configured trader address
• token addresses and decimals match the selected pair config
• wallet balance is sufficient for the order
• allowance is sufficient for the settlement contract or relayer path expected by CoW
• order validity window is sane

Failures here should become structured submission rejections, not opaque thrown errors.

9. Keep inventory truth separate

This turn must not mutate the current shared spendable inventory model for the NEAR live loop.

Implementation rules:

• CoW balances are venue-local facts, not part of current global spendable truth by default
• do not merge CoW balances into the funded BTC/EURe dashboard PnL cards
• if the dashboard shows CoW wallet balances, label them as isolated venue inventory
• do not treat pre-credit or observed cross-chain funds as CoW-spendable
• if a later turn wants unified cross-venue treasury truth, that is separate work

10. Command-source strategy for this turn

Do not expand strategy-engine into a venue arbiter.

Use one of these narrow command sources:

• a controlled manual command injection path for validation
• a small venue-targeted control route on the executor
• a minimal strategy extension that emits venue = cow-protocol only for the approved validation pair

Whichever path is chosen, keep it explicit and reversible. The point of this turn is the venue plumbing and lifecycle truth, not smart order routing.

11. Dashboard and operator surfaces

Use the existing authenticated dashboard backend and WebSocket surface.

Add operator visibility for:

• CoW venue configuration summary
• current CoW trader address and chain
• last successful quote time
• last submitted order UID
• open order count
• per-order status with timestamps
• last terminal outcome and reason text
• last settlement transaction hash when available
• monitoring freshness and last error

Safe controls that may be real in this turn:

• refresh CoW venue state
• pause or resume CoW monitoring
• request cancellation for an open CoW order

Controls that must stay absent without explicit approval:

• fund CoW wallet
• approve token spend
• bridge assets to CoW chain
• any generic "trade now" button in the browser

12. Alerting and health

Extend alerting only where needed:

• stale CoW order monitoring
• repeated quote failure
• repeated submission failure
• open order older than expected validity window
• cancellation requested but order still open after grace period

Do not build a new alert subsystem. Feed venue issues into the existing alert path.

Concrete implementation order

Phase 1. Lock the venue contract

• confirm selected chain and pair
• confirm CoW quoteability for the pair at the intended notional
• confirm settlement contract and orderbook base URL
• confirm signing scheme and wallet model

Phase 2. Add CoW libraries and tests

• implement amount construction from quotes
• implement order digest and signature helpers
• add unit tests from documented sell and buy fee semantics
• add unit tests for domain separator selection and digest generation

Phase 3. Refactor executor core

• extract current NEAR execution into an adapter
• add adapter dispatch by venue
• add canonical exec.order_update event handling
• keep existing NEAR behavior passing

Phase 4. Add CoW submission path

• quote
• preflight
• sign
• submit
• persist raw quote and submission acknowledgement
• emit order update and terminal failure events as needed

Phase 5. Add durable monitoring

• persist open CoW orders
• restore them on restart
• poll order and trade endpoints
• emit durable state transitions and terminal results

Phase 6. Add operator visibility

• extend dashboard backend aggregation
• extend UI pages only enough to expose CoW order state truthfully
• no fake controls

Phase 7. Run live validation

• request a real quote
• if approved wallet is available, submit one real order
• observe at least one later status change
• persist evidence in PostgreSQL
• verify dashboard visibility

Test plan

• unit tests for quote amount transformation for sell orders
• unit tests for quote amount transformation for buy orders if buy orders are supported in this turn
• unit tests for EIP-712 domain generation by chain
• unit tests for order digest generation against known CoW examples or local fixtures
• unit tests for lifecycle reducer:
  • submitted -> open
  • open -> partially-filled
  • open -> filled
  • open -> expired
  • open -> cancelled
• integration tests with a mocked CoW orderbook server for quote, order submission, order fetch, trade fetch, and cancellation
• PostgreSQL persistence tests for new tables and history routing
• regression tests proving the existing NEAR executor still emits correct results after adapter extraction

No CoW bug fix is complete without a regression test covering the relevant fee, digest, lifecycle, or persistence case.

Validation checklist against the proof

• real quote acquired and stored
• correct amounts signed from CoW quote semantics
• correct domain and signature path used
• order UID returned and linked to command ID
• later order state observed and stored
• operator surface shows venue state and order outcome
• NEAR live path remains unchanged in spendable truth and arm safety

Failure modes to plan for

• unsupported token or NoLiquidity from CoW quote
• bad token or unsupported token rejection
• wrong chain ID or settlement contract causing invalid signatures
• insufficient allowance or balance
• order accepted but never transitions before expiry
• partial fill without terminal fill in the same process lifetime
• duplicate monitoring after restart
• cancellation race where an order fills while cancellation is in flight
• orderbook API timeout or rate limiting

Each of these needs an explicit durable reason code or operator-visible error path.

What remains deliberately out of scope after this turn

• unified cross-venue treasury truth
• fee-complete realized PnL for CoW fills
• automatic venue selection between NEAR Intents and CoW
• Safe or generic ERC-1271 support
• advanced CoW order types