Quick take:
Atlas will now exclusively support Chainlink SVR, with a streamlined migration path set for existing Atlas users.
Users from the deprecated Atlas RedStone deployment will also migrate to the new expanded ecosystem.
Atlas enables DeFi protocols like Compound and Venus to recapture value by powering application-specific order flow auctions, such as for liquidations.
Chainlink, the decentralized oracle network that acts as a secure bridge, connecting blockchains and smart contracts with real-world data, both on-chain and off-chain, has announced the acquisition of Atlas by FastLane. Atlas is an EVM-compatible modular protocol built for execution abstraction to enable optimized transaction execution through decentralized auctions.
As part of the acquisition, key Atlas personnel are joining Chainlink from FastLane, bringing a market-tested order flow and value recapture solution under the Chainlink standard. Atlas enables DeFi protocols like Compound and Venus to recapture value by powering application-specific order flow auctions, such as for liquidations.
The modular protocol’s production-proven order flow technology has already been integrated into Chainlink SVR, as Chainlink seeks to increase revenue for the DeFi economy by expanding SVR to new blockchain ecosystems, including Arbitrum, Base, BNB Chain, Ethereum, and HyperEVM. The company plans to add more chains over time.
Commenting on the announcement, Johann Eid, Chief Business Officer at Chainlink Labs, said in a statement: “I’m thrilled to welcome Atlas into the Chainlink standard. Uniting Atlas’s proven order flow auction technology with Chainlink SVR creates the most effective value recapture system DeFi has ever had, increasing revenue for DeFi through SVR expansion to new ecosystems. We’re excited to deepen our collaboration with FastLane to bring SVR to more protocols, faster.”
Alex Watts, CEO of FastLane, commented: Bringing Atlas together with Chainlink creates the most credible path for DeFi protocols to recapture value on-chain at scale. Chainlink is best positioned to lead the OEV market and advance Atlas through its industry-leading SVR product. We’re excited to see Atlas thrive within the Chainlink ecosystem and to help protocols onboard to SVR with confidence.”
Atlas will now exclusively support Chainlink SVR, with a streamlined migration path set for existing Atlas users. Users from the deprecated Atlas RedStone deployment will also migrate to the new expanded ecosystem.
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The post Chainlink Boosts Revenue for DeFi with the Acquisition of Atlas by FastLane appeared first on NFTgators.
