#What is Chainlink’s Acquisition of Atlas?
Chainlink has successfully acquired Atlas, a robust on-chain order flow infrastructure developed by FastLane. This acquisition is a strategic move to enhance Chainlink's oracle-based Maximal Extractable Value recapture protocol, known as SVR. The deal encompasses the intellectual property of Atlas, along with its essential personnel. In addition, users of the existing Atlas platform will transition to SVR, including those utilizing the now deprecated RedStone deployment.
#How Will Atlas Enhance Chainlink SVR?
The integration of Atlas will introduce its advanced liquidation auction technology into Chainlink SVR. This technology is already in use by notable DeFi protocols like Compound and Venus, thereby enhancing the efficiency of the SVR protocol. The primary aim of SVR is to capture Oracle Extractable Value, allowing lending protocols to reclaim Maximal Extractable Value from liquidations, utilizing Chainlink's Price Feeds. Currently, SVR operates on several blockchains: Arbitrum, Base, BNB Chain, Ethereum, and HyperEVM, with plans for expansion to additional chains.
#What Are the Financial Implications of SVR?
The SVR protocol has made significant strides in financial recovery by recapturing over $10 million in OEV from $460 million in liquidations. This recovery has benefitted various protocols, including Aave and Compound, while simultaneously distributing revenues back to the Chainlink Network.
#Why Did FastLane Choose Chainlink?
FastLane highlighted Chainlink's tremendous scale and unparalleled security as pivotal factors for transferring the stewardship of Atlas. Chainlink intends to further develop and implement Atlas's technology across the supported blockchain networks.
#What’s Next for Atlas and Chainlink?
Atlas will maintain its independent operations under FastLane while simultaneously acting as a strategic partner to Chainlink. This partnership is expected to accelerate SVR’s onboarding processes within various protocols and ecosystems.