LayerZero is moving beyond cross-chain messaging with ATLAS, a new exchange infrastructure platform. The project gives trading venues tools for matching, clearing, settlement, and risk management. Moreover, ATLAS could let markets share infrastructure while preserving separate brands and rules.
New Trading Backbone
LayerZero built ATLAS on Zero, its blockchain for financial markets, which uses zero-knowledge proofs to verify trades. Additionally, Zero supports ZRO as its gas, governance, and security token through delegated proof-of-stake.
ATLAS connects trading venues with market creators and market makers. Market creators can design markets for tokens, stocks, commodities, bonds, perpetuals, and prediction products. Meanwhile, market makers can supply liquidity.
The platform supports open markets and institutional venues with restricted participation. Hence, financial firms can establish specific trading requirements while public applications can offer broader access.
ZRO Gains New Utility
ATLAS will charge one combined trading fee, then distribute revenue across participants and ZRO. Open markets can receive rebates between 20% and 65% through staking and trading activity.
After rebates, market creators take 25% of the rest of the fees. As a result, the remaining 75% of the other gas is directed to the ZRO purchases and the units are burnt.
ZRO trades near $1.25 after rising 15.84% daily and 63.60% weekly. Notably, ATLAS provides LayerZero with a fresh business model, and boosts ZRO demand.
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