Chainlink Acquires Atlas to Enhance DeFi Liquidation Auctions
- Chainlink has acquired Atlas from FastLane, integrating its onchain order flow infrastructure to expand the Chainlink SVR protocol.
- The acquisition includes Atlas’s intellectual property and core personnel, with existing users migrating to SVR.
- The integration enhances Chainlink SVR with Atlas’s liquidation auction technology, used by DeFi protocols like Compound and Venus.
- SVR targets Oracle Extractable Value (OEV), enabling lending protocols to reclaim MEV using Chainlink Price Feeds, now live on Arbitrum, Base, BNB Chain, Ethereum, and HyperEVM.
- SVR has recaptured over $10 million in OEV across $460 million in liquidations, benefiting protocols like Aave and Compound.
- FastLane will continue operating Atlas independently while partnering strategically with Chainlink for SVR onboarding.
The acquisition of Atlas by Chainlink aims to strengthen its SVR protocol by incorporating proven liquidation auction technology. This move is set to enhance value recapture capabilities for DeFi protocols across multiple blockchains.
Source (3.2)https://cryptobriefing.com/chainlink-atlas-acquisition-scale-svr/?rand=59535
