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Kelp DAO migrates rsETH bridge from LayerZero to Chainlink CCIP after $292 million exploit
May 6, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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May 5 — Kelp DAO is migrating its rsETH liquid restaking token from LayerZero’s OFT standard to Chainlink’s CCIP after an April 18 exploit that drained $292 million; Kelp published screenshots of communications with LayerZero personnel. The security-driven migration is a protocol upgrade aimed at reducing LayerZero exposure, supporting rsETH adoption and restoring DeFi/crypto confidence, while highlighting cross-chain messaging risk.
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In an X post on May 5, Kelp DAO confirmed that it is migrating its rsETH liquid restaking token away from LayerZero’s OFT standard to Chainlink’s CCIP, citing the April 18 exploit that drained $292 million. With the announcement, Kelp DAO also published screenshots of communications with LayerZero personnel showing the company’s team approved the...
