According to Odaily Planet Daily, CoW initiated a proposal to borrow 7.5 million COW from the treasury to hire Wintermute as a market maker. Wintermute needs to return 7.5 million COW after 1 year.

In the loan program, Wintermute is responsible for supporting COW's listing on major exchanges, enhancing token liquidity, and being responsible for various over-the-counter transactions.