Chainlink said in developer materials that it completed the acquisition of Atlas, an order flow auction protocol developed by FastLane Labs, to exclusively support Smart Value Recapture (SVR) for DeFi protocols.
SVR targets Oracle Extractable Value (OEV) around liquidations by auctioning liquidation order flow so value can be redirected back to protocols rather than external searchers. Chainlink frames SVR as a non-toxic MEV mechanism that backruns liquidations only; searchers bid for execution, cover gas costs, and proceeds are shared between the protocol and the Chainlink Network. Materials describing the rollout say SVR now spans Arbitrum, Base, BNB Chain, Ethereum and HyperEVM; on Ethereum mainnet, execution continues to use Flashbots MEV-Share.
Chainlink said SVR has processed more than $460 million in liquidations and recaptured over $10 million in OEV to date. Next, stakeholders will watch migration support for existing Atlas users and the pace of additional protocol and chain integrations as SVR economics are operationalized.
Source: Chainlink documentation.
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