Atlas DEX X Snowflake Partnership: Vesting Case Study
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. We’re excited to launch our new partnership, this time with Snowflake, a Multisig and Automation Platform on Solana.
What are multi-signature wallets?
A multi-signature wallet allows a group of users to approve a transaction before it can be executed. Many individuals and teams desire to have multiple parties sign off on a transaction, such as payments or withdrawals before it can be executed. This allows for more robust security, as it spreads the responsibility of your digital assets to multiple parties, and avoids a single point of failure in the case of a compromised individual or wallet.
How are we currently partnering with Snowflake?
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. Snowflake allows for users to send future scheduled transactions from a secure, central location requiring multiple sign-offs before any transaction. Currently, Atlas DEX is utilising Snowflake’s Token Vesting, within the Snowflake app store, to vest and send native ATS tokens to a range of individuals.
What’s next for Atlas DEX <> Snowflake partnerships?
Our goal is to build the most feature-rich cross-chain swaps platform for our users. Currently, we have a range of institutions and DAO’s that would like to swap tokens on a recurring basis, in order to ‘Dollar Cost Average’ into that token. For example, say that you have a large amount of USDC that you would like to swap for ETH on a daily basis. To do so on Solana, you would currently need to manually swap the token into Atlas DEX. With this future Snowflake Integration, users only need to schedule recurring swaps once, and they can set-and-forget their regular swap.
Further, teams looking to utilise Atlas DEX via a secure Multisig will be able to do so with this partnership. This unlocks a huge range of opportunities for Snowflake’s teams and institutions, who are looking to purchase assets cross-chain with their institutional funds.
TL;DR
- We’ve Partnered with Snowflake to unlock token vesting
- Snowflake will look to integrate Atlas DEX into their platform, to allow scheduled recurring cross-chain swaps powered by Atlas DEX
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