> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cow.bleu.builders/llms.txt
> Use this file to discover all available pages before exploring further.

# Additional benefits

> CoW Protocol's  and  that allows for batching provide a number of benefits, including support for expressing any intent, MEV protection, and price improvement.

There are also several additional benefits unique to CoW Protocol that every order inherits:

* Gasless trades (users pay settlement fees in their sell token; settlement fees can be lower than gas fees if the trade is included in a batch)
* No fees for failed or cancelled orders (most exchanges make users pay gas fees regardless of whether their order executes or not)
* Order settlement at Ethereum Best Bid Offer or better
* Support for placing multiple orders at once
* Slippage protection on all orders

The protocol's architecture also provides important "passive" benefits and supports niche trading use-cases:

* Minimized smart contract risk as solvers take on the exposure to all on-chain AMMs
* Support for tapping straight into exotic tokens as solvers abstract away intermediate steps like depositing, minting, and staking
* Tighter spreads from private market makers thanks to fast settlement of off-chain orders
* Increased gas efficiency as all trades are credited directly to user accounts without withdrawals or deposits into an exchange contract
* Increased security as funds can only be transferred if a trader has approved the contract and signed an order to sell the given token for another
* A guarantee that the limit prices and amounts of any given signed order will always be satisfied
* Signed orders have an expiry date and they can be cancelled on-chain, preventing exploits where orders can be re-executed by relying on old approvals
* Only solvers subject to slashing can execute the batch auction settlement
* Fair, decentralized settlement in which an open competition for order matching replaces a central operator or a constant function market maker