Chainlink Acquires FastLane's Atlas to Expand Liquidation Value Recovery

image

Source: CryptoNewsNet Original Title: Chainlink Acquires FastLane’s Atlas to Expand Liquidation Value Recovery Original Link:

Acquisition Highlights

Chainlink acquired Atlas intellectual property and key personnel from FastLane on January 22, bringing order-processing technology under its control and expanding its Smart Value Recapture (SVR) system to multiple blockchain networks including Arbitrum, Base, BNB Chain, Ethereum, and Hyperliquid’s HyperEVM.

Atlas now exclusively supports Chainlink SVR according to the joint announcement.

System Performance

SVR helps decentralized finance (DeFi) lending platforms recover profits that would otherwise go to third parties when borrowers’ crypto-backed loans are liquidated.

The system has processed more than $460 million in liquidations and recovered over $10 million for integrated protocols. The recovered value is split between DeFi protocols and the Chainlink Network.

How the Technology Works

When borrowers fail to maintain sufficient collateral, their loans are automatically sold off. Chainlink SVR captures profit opportunities that arise during these liquidations and returns a portion to the lending protocol instead of letting outside traders take it.

Maximal extractable value represents the profits third parties can extract by reordering blockchain transactions.

Chainlink SVR uses a dual-path system where price updates flow through both a standard feed and an order flow auction, allowing searchers to bid for liquidation rights while the lending protocol receives verified pricing.

Johann Eid, Chief Business Officer at Chainlink Labs, stated that the acquisition creates an effective value recovery system that increases revenue for DeFi through expansion to new blockchain networks.

FastLane will continue to operate independently as a strategic partner.

Protocol Adoption

Major DeFi lending platforms including Aave and Compound have adopted SVR.

Chainlink secures approximately 70% of the DeFi ecosystem by value and has enabled over $27 trillion in transaction value according to industry metrics.

The acquisition accelerates SVR deployment across networks where lending protocols operate.

Alex Watts, CEO of FastLane, noted that Chainlink is positioned to lead the oracle value recovery market, where it competes with other oracle solutions in the space.

Meanwhile, LINK has seen steady accumulation activity despite recent market volatility, with analysts pointing to technical support levels and projecting higher upside as market conditions stabilize.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)