KelpDAO Hack Fallout Pushes Another DeFi Protocol Toward Chainlink CCIP Migration
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Solv Protocol fully migrated to Chainlink Cross-Chain Interoperability Protocol (CCIP) as part of an updated security strategy for cross-chain transactions, covering >$700 million in Bitcoin-related assets across SolvBTC and xSolvBTC. - The DeFi-focused security upgrade aims to reduce cross-chain risk and improve integration, adoption and liquidity for crypto Bitcoin-wrapped assets, signaling stronger protocol robustness in the cross-chain ecosystem.
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Bitcoin-focused DeFi platform Solv Protocol announced that it is fully migrating to the Chainlink Cross-Chain Interoperability Protocol (CCIP) as part of its updated security strategy for cross-chain transactions.
The move will cover more than $700 million in Bitcoin-related assets across SolvBTC and xSolvBTC.
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