Atlas DEX has a total token supply of 250 million, out of which a select portion will be airdropped to early supporters. The majority of the supply is locked and will be released over a number of years and can be earned by providing liquidity to the Atlas DEX native pools. Atlas’s “guiding light” algorithm addresses these problems by splitting single trade into multiple smaller trades across different protocols to find the most efficient route with minimal slippage. Investors entering the crypto space, the need for an aggregated liquidity platform and support for interoperability will certainly grow. Decentralized Finance (DeFi) has experienced tremendous growth in the past year.
We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain. Minimal Spillage – Atlas DEX automatically splits your trades across different AMMs to access the best price and minimise slippage. Atlas collates liquidity from every far corner of the DeFi world and provides users the deepest pool of aggregated liquidity. Or very often, tokens are only listed on one AMM and have no liquidity on the others.
Atlas’s liquidity aggregation would automatically collate the best prices from multiple DEXs and AMMs, ensuring the lowest slippage for all your trades. We also support swaps for native tokens, where users do not need to unwrap their tokens. By aggregating the liquidity of DEXs on these chains, traders using Atlas DEX can always get the best price for their assets. Atlas also provides traders An Inside Look Into Finras Crypto Asset Work with automated order splitting on large trades so that the best price from asset A to asset Z can be achieved. ATLAS is a cross-chain DEX built on the Solana blockchain with the main purpose of providing users with aggregated liquidity through a single user-friendly UI. The goal is to provide DEX traders with the deepest liquidity available for all swaps of any tokens on supported chains.
The DEX world has a user experience problem, which hinders adoption and oftentimes leads to significant losses suffered due to improper order routing. Atlas DEX aims to minimize costs through the usage of order splitting and aggregated liquidity systems that remain operational even when trading between two different chains. This leads to a CEX-like experience, which has often been dubbed as the missing puzzle piece in DeFi. Fast Transactions – Atlas DEX is built on Solana, a high-performing and incredibly energy efficient blockchain. Solana’s speed is essential to allowing Atlas to make complex transactions and contracts at the backend for the user. In the first phase, Atlas intends to integrate “wormhole”, a bidirectional, decentralized ERC-20 ⇄ SPL token bridge between Ethereum and Solana to enable cross-chain swaps.
Solana performs a set of coordinated optimizations to achieve impressive performance and processes transactions in a multi-threaded way, which sets it apart from slower blockchains. After criticism surfaced on social media over its tokenomics, Atlas DEX introduced a performance-based vesting schedule for private investors. If the total swap volume exceeds $3 billion, tokens are locked for six months, the 10% is vested linearly for ten days, with 90% vested linearly for two years. If the total swap volume falls short of $3 billion, tokens are locked for nine months, 10% is vested linearly for ten days, with 90% vested linearly for two years.
Launching in January 2022, Atlas will aggregate DEXs from multiple chains, including its native Solana chain, as well as the Binance Smart Chain, Ethereum and Polygon ecosystems. Therefore, it is impossible to accurately predict the price of Atlas DEX 5 years from now. A multi-signature wallet allows a group of users to approve a transaction before it can be executed.
If the trading function can be kept constant, the trade will be considered a valid trade and asset quantities will be updated after a successful swap. Check out Raydium (RAY) — the decentralized exchange of the Solana blockchain. The price change for a specific period for Atlas DEX project – shows how the token’s value has changed over that period of time. Very useful Coin Swapping exchange, exchange any coin to other coin, I normally used it for swapping my high value coins against small value coins… However, it took two years to turn this idea into a usable product when Uniswap released the first implementation of this protocol in late 2018 as a constant function market maker.
Solana’s average transaction fee is ~0.00025$ and by leveraging the state-of-the-art parallel smart contract execution runtime “Sealevel,” Atlas is able to provide super-fast swaps at an extremely low cost. As of April 2021, there are at least 8 Decentralized Exchanges (DEX) in development on Solana and more than a dozen others across Binance Smart Chain and Ethereum. There are over 10,000 cryptocurrencies and tokens in existence today, each operating on a limited, isolated infrastructure. This results in liquidity and functionality silos, where one platform is unable to access liquidity and features from another chain. Furthermore, Atlas DEX plans to incentivize trading through its protocol by offering liquidity pools and permissionless listing of new trading pairs. Like at traditional AMMs, traders will be able to receive rewards in the protocol’s native governance token.
Moreover, the fast transaction speed on Solana ensures near-instant execution at a low cost with high security. At Atlas DEX, we’re building the most seamless cross-chain swaps platform in DeFi. This enables users to swap between multiple chains, such as swaps between Ethereum, Binance Chain, Polygon, Avalanche and Solana. We have deep partnerships with many different protocols within the DeFi space.
Order routing occurs when an Asset A to Asset Z pairing isn’t available, but can be achieved by going through an intermediary pair. Atlas DEX will find the pairing or pairings that create the best route between the two, and then execute the trade for the user when they confirm. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups. Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the “When inside of” nested selector system. The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. For example, if a trader wants to buy $10M in Ethereum, he might choose to buy $5M on Coinbase, $3M on Binance and another $2M on FTX to reduce slippage.
We’re excited to launch our new partnership, this time with Snowflake, a Multisig and Automation Platform on Solana. Atlas DEX automatically splits your trades across different AMMs to access the best price and minimise slippage. Gone are the days where you have to search between DEXs for the lowest slippage for the trading pair. Atlas collates liquidity from every far corner of the DeFi world and provides users with the deepest pool of aggregated liquidity. Atlas DEX chose to build on Solana due to the low transaction fees and fast transaction throughput — both of which act to further reduce overall transaction costs for traders. Solana also makes it possible to execute multi-order, multi-pool trades at the speed necessary to make them worthwhile.The DEX platform will utilize Solana’s Wormhole technology to power its cross-chain swaps.
Atlas DEX’s price today is US$0.4487, with a 24-hour trading volume of $297. ATS is +0.00% in the last 24 hours.ATS has a circulating supply of 61.12 M ATS and a max supply of 250 M ATS. Centralized bridges also expose the end user to the custodial and serious counterparty risk. These custodians assume the risks of private key loss or theft either by external or internal malicious actors. In the event of a wallet compromise, the exchange may refuse or be unable to transfer the coins from their storage to the user’s wallet. There is a single point of failure, and these custodians must be trusted just as it is in traditional finance.
- In the first phase, Atlas intends to integrate “wormhole”, a bidirectional, decentralized ERC-20 ⇄ SPL token bridge between Ethereum and Solana to enable cross-chain swaps.
- A moonsheet represents a prediction or a forecast of a future high value for the token.
- It’s a metric used by crypto traders and investors to evaluate the potential profitability of the investment in the project.
- However, it took two years to turn this idea into a usable product when Uniswap released the first implementation of this protocol in late 2018 as a constant function market maker.
Moreover, Solana’s Wormhole Bridge allows bridging to other blockchains securely and in a decentralized manner. Atlas DEX allows you to trade any token across multiple chains, powered by permissionless bridges. Using Wormhole, the bridging of tokens is done in a secure and decentralised manner. The future of blockchain is interconnectivity and Atlas is at the forefront of developments. Atlas DEX is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors.
Users must typically search through several AMMs to find the “best price” or simply to find an AMM that has the desired token listed. It is not possible to swap assets between multiple chains, which means that each blockchain is a silo with its own local liquidity. Atlas DEX is a cross-chain DEX aggregator, allowing users to trade native tokens seamlessly across leading chains. Snowflake is a Multisig Operating System for Teams on Solana, with native automation integrated and a rich app store built for every team’s needs.