Chainlink has acquired the onchain order flow infrastructure, Atlas, developed by FastLane, as part of its efforts to expand its oracle-based Maximal Extractable Value (MEV) recapture protocol, ChainLink SVR.
The contract consists of Atlas intellectual property and core personnel. Those on the deprecated RedStone deployment will migrate to SVR, including existing Atlas users.
The integration brings Atlas’s production-tested liquidation auction technology into Chainlink SVR. DeFi protocols including Compound and Venus already use Atlas.
A SVR protocol focuses on Oracle Extractable Value (OEV), which allows lending protocols to recover MEV from liquidations through Chainlink Price Feeds. Now it operates in the system Arbitrum (as well as Base), BNB Chain, Ethereum and HyperEVM with more blockchains to follow.
SVR, which has re-invented more than $10 million in OEV over $460 million liquidations (as well as protocols such as Aave and Compound) while sharing revenues with the Chainlink Network have received.
fast-Lane cited Chainlink’s scale and security as the reasons to hand over Atlas, which ChainLink will continue to develop and deploy across supported chains.
It will make the move “the best value recapture system DeFi has ever had,” said > Johann Eid, Chief Business Officer at Chainlink Labs. ” , ‘I’m sure it is worth reading.
But the integration makes DeFi protocols ‘the most credible way to recapture value onchain at scale,’ said > FastLane CEO Alex Watts. – ’.
Atlas is still operating independently under FastLane but now serves as a strategic partner to Chainlink, which will accelerate SVR onboarding across protocols and ecosystems.
Thanks for reading Chainlink acquires Atlas to power DeFi liquidation auctions across more blockchains
