Solv Protocol

Bitcoin

LayerZero

Chainlink

SolvBTC

<ul>
 <li>Solv Protocol will migrate the wrapped BTC infrastructure from LayerZero to Chainlink CCIP.</li>
 <li>The move followed the $292M Kelp DAO exploit tied to LayerZero-powered bridge systems.</li>
 <li>Solv will phase out LayerZero bridge support for Corn, Berachain, Rootstock, and TAC.</li>
</ul>
​​​​Solv Protocol is moving more than $700 million in tokenized Bitcoin infrastructure away from LayerZero after recent bridge exploits increased pressure on cross-chain security systems.
​​​​The protocol <a href="https://insights.solv.finance/solv-protocol-migrates-from-layerzero-to-chainlink-ccip/" rel="noopener noreferrer nofollow">confirmed</a> that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will become the default cross-chain layer for SolvBTC and xSolvBTC transfers across supported networks.
​​​​As part of the migration, Solv will remove LayerZero bridge support for Corn, Berachain, Rootstock, and TAC. The company said the move followed a full review of bridge security standards after multi…
Read The Full Article <a href="https://coinedition.com/solv-protocol-moves-700m-in-tokenized-bitcoin-infrastructure-from-layerzero-to-chainlink/" rel="noopener noreferrer nofollow">Solv Protocol Moves $700M in Tokenized Bitcoin Infrastructure From LayerZero to Chainlink</a> On <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Solv Protocol Moves $700M in Tokenized Bitcoin Infrastructure From LayerZero to Chainlink

Coin Edition

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