Atlantis is a decentralised money market protocol built on the Binance Smart Chain blockchain. It provides an automated environment where parameters are controlled by governance proposal and the yield curves, with no centralised control from the team. It is newly launched in October 2021, founded by MikeM (creator of Venus Finance).
Objective 1: Atlantis aims to deliver a “simple and professional DeFi experience across all popular blockchains”
Objective 2: Resolve the pain points commonly encountered in some blockchains, such as Ethereum, in terms of its congestion and high transaction fee
$ATL is a native token of the Atlantis ecosystem.
Design of the environment in which the tokens and users exist in
With the recent partnership with Movr and given that Atlantis already utilises a multi-chain support, it bridges the funds across different blockchains within the app. Offering a more seamless experience for users, therefore attracting a larger market of users.
Source: defillama , coinmarketcap
Atlantis Smart Contract is audited by a blockchain security company called PeckShield. Several vulnerabilities (majority low-severity) has been identified during the audit and Atlantis has been prompt in resolving the issues.
Atlantis has a simple and clean dashboard which is easy to use for beginners. The website has only 5 tabs (Lending, Dashboard, Bridge, Vote, Liquidator).
First page consists of key information (e.g. Available balance and Credit for loan):
Lending page: Staking, Supply and Borrowing options are also found on the Lending page, where users can easily supply or withdraw assets.
Dashboard page: Summarises the economy of Atlantis as well as the user’s account summary.
Liquidator: Liquidators can easily view a list of accounts with respective health in terms of collateral ratio and liquidate this accounts by simply picking on them.
Rules of the game that people have to follow
ATL Token holders can vote and create proposals to improve the Atlantis protocol through the governance module established with a Timelock mechanism.
Delegates or users with 65,000 ATL (approx. $750,000) to create a proposal
Types of proposals include protocol improvement, adjusting variable or fixed interest rate, adding new cryptocurrencies or stablecoins to the protocol
When proposal is passed in governance, implementation of proposals will be done by the Atlantis team.
Rules of the game that tokens have to follow
Useful for non ERC-20 tokens. And how financial products are structured.
Illuvium is set for mainstream adoption and can show the benefits of the Play to Earn model to a much wider audience. It will act as a great test of the viability of decentralizing game management and evolution and bring in a wave of development on future P2E games.
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