Solv moves $700M+ wrapped Bitcoin from LayerZero to Chainlink CCIP, prioritizing security to protect DeFi assets from cross-chain exploits.
Key takeaways
- Solv Switches from LayerZero to Chainlink CCIP to Protect $700M+ in Wrapped Bitcoin
- Solv has yanked over $700 million in wrapped Bitcoin from LayerZero’s cross-chain rails and shifted it to Chainlink’s CCIP, betting the protocol’s security will keep i...
- The move comes after months of scrutiny on cross-chain bridges, which have lost billions to hacks and exploits since 2022. Solv’s migration covers assets on Ethereum, ...
- Chainlink, already the dominant oracle provider for DeFi, is now positioned as infrastructure for cross-chain wrapped assets at scale. Stakeholders include Solv’s inst...
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Canonical source: https://mlxio.com/crypto/solv-dumps-layerzero-chainlink-ccip-wrapped-bitcoin
