Chainlink Acquires Atlas, an MEV (maximal extractable value) Recovery Tool — Expands SVR System
Chainlink acquired Atlas to expand its Chainlink SVR capabilities and strengthen a system that has redistributed over $10 million to DeFi (decentralized finance) protocols.
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Summary
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Terms & Concepts
MEV (maximal extractable value): Profit captured by reordering, including, or excluding blockchain transactions, often by validators or bots.
DeFi (decentralized finance): Blockchain-based financial services delivered without traditional intermediaries like banks.
MEV recovery tool: Software that captures MEV and redistributes proceeds to protocols.