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Solv Protocol is leaving LayerZero after fallout from $292 million Kelp DAO exploit.
Solv Protocol is migrating over $700 million in tokenized Bitcoin infrastructure from LayerZero to Chainlink CCIP.
KEY POINTS
- LayerZero bridge support for Corn, Berachain, Rootstock, and TAC will be deprecated by Solv.
- The migration follows a security review prompted by recent high-profile cross-chain bridge hacks including the Kelp DAO exploit.
- Solv aims to standardize on Chainlink CCIP for enhanced, institutional-grade security and reliability.
COMPANIES
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