It is a cross chain, built on the Solana blockchain, the main purpose of which - to provide users with aggregated liquidity through a single convenient user interface. The goal - to provide DEX traders with the deepest liquidity, available for all swaps of any tokens on supported chains.
Atlas DEX details
In the first phase, Atlas intends to integrate an ERC-20 ⇄ SPL bi-directional decentralized token bridge between Ethereum and Solana to enable cross-chain swaps. It is a decentralized leaderless structure that relies on the consensus of the chains it connects and will be expanded to support other chains in the future.
It is planned to be a convenient platform for DEX traders to trade any available token through the list of supported exchanges. With Solana's fast transactions and low fees, Atlas is able to provide several key features that make it an attractive choice for traders, providing the best user experience and affordable prices.
Key features of Atlas include:
| Liquidity aggregation | Atlas will provide total liquidity to its users, as opposed to traditional AMM which only allows users to trade from their own liquidity pools. |
| Internetwork support | Atlas will be launched with support for the AMMs, found on Solana. It will be compatible with other Layer 1 in the future, including Ethereum and Binance Smart Chain. |
| Liquidity pools, farming and listing of tokens | Atlas will maintain its own liquidity pools like any other AMM DEX. Traders will be able to access ATLAS liquidity pools and new trading pairs can be listed by creating a liquidity pool in Atlas. |
In the future, Atlas DEX will launch several product lines as part of the vision of the protocol to become a full decentralized exchange between blockchains. Starting as a cross-chain NFT launchpad, Atlas DEX will unlock cross-chain liquidity and NFT interoperability. Users will need to hold ATS to participate in the Atlas ecosystem.
Staking on the project
ATS can be staked on Atlas DEX to get a share of the protocol's revenue. Currently, 100% of the income, generated from trading fees, goes towards the ATS buyout. 75% of the ransom is redistributed back to ATS stakers and 25% will be burned.
xATS will be a governance token that will allow token holders to participate in the governance of Atlas DEX. Token holders will be able to create and vote on governance proposals, as well as make changes to Atlas DEX at the protocol level.
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