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


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

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Solv Protocol is migrating over $700M in tokenized Bitcoin infrastructure (SolvBTC/xSolvBTC) from LayerZero to Chainlink CCIP as the default cross‑chain layer to improve cross‑chain security and interoperability. The move follows the $292M Kelp DAO exploit tied to LayerZero-powered bridges; Solv will phase out LayerZero bridge support for Corn, Berachain, Rootstock and TAC after a security review. Security-driven migration boosts adoption confidence for Solv and Chainlink CCIP in the crypto/DeFi bridge space while highlighting reputational and bridging risks for LayerZero.

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  • Solv Protocol will migrate the wrapped BTC infrastructure from LayerZero to Chainlink CCIP.
  • The move followed the $292M Kelp DAO exploit tied to LayerZero-powered bridge systems.
  • Solv will phase out LayerZero bridge support for Corn, Berachain, Rootstock, and TAC.

​​​​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 confirmed 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 Solv Protocol Moves $700M in Tokenized Bitcoin Infrastructure From LayerZero to Chainlink On Coin Edition.

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Coins

$ 64.30K

+2.78%

$ 7.95

+3.23%

$ 0.028

+1.99%

$ 0.00398

+53.2%

$ 0.00177


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