LayerZero · Citadel Securities · Ark Invest · The Block
ZRO token rallies as LayerZero introduces ATLAS exchange infrastructure rolled out on Zero blockchain
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LayerZero, a blockchain interoperability protocol helping cross-chain transfers, has announced ATLAS, new exchange infrastructure for trading platforms and financial institutions.
Key facts
- In Open ATLAS, trading venues will receive rebates ranging from 20% to 65%, based on ZRO stake and/or trading volume
- ATLAS, short for Aggregated Trading, Liquidity and Settlement, is built on the Zero blockchain that LayerZero announced in February in collaboration with Citadel Securities, DTCC, ARK Invest
- Trading venues can also stake ZRO to qualify for higher fee rebates on ATLAS, with the highest tier requiring up to 1% of ZRO supply
- LayerZero also detailed the role of (ZRO) in ATLAS and Zero
Summary
ATLAS, short for Aggregated Trading, Liquidity and Settlement, is built on the Zero blockchain that LayerZero announced in February in collaboration with Citadel Securities, DTCC, ARK Invest and Intercontinental Exchange. LayerZero said ATLAS is a "headless exchange," meaning it does not have its own consumer app or trading platform. LayerZero said that with ATLAS, trading platforms won't have to build infrastructure themselves or rely on a competing exchange, and that the system brings matching, clearing, settlement, and risk management into one place instead of handling them separately. "The world's global asset base is expanding faster than ever before.