Solv Protocol says it will migrate its tokenized Bitcoin infrastructure from LayerZero to Chainlink, citing security concerns as the primary reason. The move follows a similar decision by Kelp DAO, which also shifted away from LayerZero after attributing a recent hack to the LayerZero-powered system. According to the reports, Solv’s migration is tied to technology linked to roughly $700 million in tokenized Bitcoin exposure, and the company plans to use Chainlink services instead of LayerZero for its cross-chain or interoperability components. The change is presented as part of an effort to reduce risk after the LayerZero-related exploit. Both outlets describe the decision as reactive to the recent security incident involving Kelp DAO and LayerZero, with Solv framing the switch as a preventive measure. The sources do not provide detailed technical specifics on the migration steps, timelines, or the exact roles LayerZero played in Solv’s architecture, but they agree on the direction of the move: away from LayerZero and toward Chainlink.
Solv Protocol migrates tokenized Bitcoin infrastructure from LayerZero to Chainlink
Solv Protocol says it will migrate its tokenized Bitcoin infrastructure from LayerZero to Chainlink, citing security concerns as the primary reason. The move follows a similar decision by Kelp DAO, wh...
- Solv Protocol plans to migrate from LayerZero to Chainlink for its tokenized Bitcoin infrastructure.
- The migration is described as being driven by security concerns.
- Kelp DAO is cited as having already moved away from LayerZero after linking it to a hack.
- The reported scope involves technology associated with about $700 million in tokenized Bitcoin.
- Both reports frame Chainlink as the replacement for LayerZero in Solv’s setup.
It cited security as the core reason for the migration, in an apparent response to the recent exploit of LayerZero-powered Kelp DAO.
3 months agoSolv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO's lead after it blamed LayerZero for a hack.
3 months ago
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