Today, industry-standard oracle platform Chainlink and FastLane, the blockchain development company behind Atlas and shMonad, announced Chainlink has acquired Atlas, which now exclusively supports Smart Value Recapture (SVR), the most widely adopted Oracle Extractable Value (OEV) recapture solution.
SVR allows DeFi applications that use Chainlink Price Feeds to recapture non-toxic OEV from liquidations. The initial version of SVR was built in collaboration with contributors to the Aave DAO, whose onchain approval preceded Aave’s official SVR integration on Ethereum last year.
Without a solution like SVR, the DeFi protocols, end users, and oracles that originally generated OEV receive none of the tens of millions of dollars worth of captured value. SVR has processed over $460 million in liquidations and recaptured more than $10 million in OEV, which provides DeFi protocols with an additional revenue stream and supports the long-term sustainability of the Chainlink Network through a revenue-share split.
Atlas enables DeFi protocols such as Compound and Venus to recapture value by powering application-specific order flow auctions, such as for liquidations. Integrating Atlas into SVR expands SVR to new blockchain ecosystems and boosts revenue for the DeFi economy. SVR is currently live on Arbitrum, Base, BNB Chain, Ethereum, and HyperEVM, with more chains to be added in the future.
“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,” said Johann Eid, Chief Business Officer at Chainlink Labs, in an official announcement.
“Bringing Atlas together with Chainlink creates the most credible path for DeFi protocols to recapture value onchain at scale,” added FastLane CEO Alex Watts.
“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.”