标题： 去中心化交易所中交换交易执行的意愿巧合机制 显示英文标题

标题： A Coincidence of Wants Mechanism for Swap Trade Execution in Decentralized Exchanges

摘要： 我们提出了一种数学上严格的框架，用于识别和完成去中心化交易所（DEX）聚合器中的需求一致（CoW）循环。与现有的基于拍卖的系统如CoWSwap不同，我们的方法引入了资产矩阵公式，不仅使用预言机价格和形式守恒定律验证可行性，还完成通过图遍历发现并使用不平衡校正结算的部分CoW循环。我们定义了桥接订单，并表明结果执行对于做市商是无滑点且资本保持的。应用于现实世界的Arbitrum交换数据，我们的算法展示了CoW循环的有效发现，并支持插入合成订单以实现原子循环关闭。这项工作可以被视为流动性提供市场做市商潜在的中性策略的详细说明：结构化的CoW循环执行。 显示英文摘要

摘要： We propose a mathematically rigorous framework for identifying and completing Coincidence of Wants (CoW) cycles in decentralized exchange (DEX) aggregators. Unlike existing auction based systems such as CoWSwap, our approach introduces an asset matrix formulation that not only verifies feasibility using oracle prices and formal conservation laws but also completes partial CoW cycles of swap orders that are discovered using graph traversal and are settled using imbalance correction. We define bridging orders and show that the resulting execution is slippage free and capital preserving for LPs. Applied to real world Arbitrum swap data, our algorithm demonstrates efficient discovery of CoW cycles and supports the insertion of synthetic orders for atomic cycle closure. This work can be thought of as the detailing of a potential delta-neutral strategy by liquidity providing market makers: a structured CoW cycle execution.