[DigitalToday reporter Chi-gyu Hwang] Chainlink is accelerating the expansion of MEV (Maximal Extractable Value) in the decentralised finance ecosystem by acquiring the IP of Atlas, a transaction-ordering tool, The Block reported on Jan. 22 local time.
The acquisition terms were not disclosed, but Chainlink recruited key Atlas personnel, The Block said.
Atlas will be integrated into Chainlink’s data technology project SVR and will sever ties with Chainlink rival RedStone.
The Atlas system helps DeFi applications recapture MEV through Chainlink price feeds. Johann Eid (요한 에이드), chief business officer at Chainlink Labs, said, "The combination of Atlas order-flow auction technology and Chainlink SVR will maximise DeFi revenue."
About the Author
Chi-gyu Hwang
delight@d-today.co.kr