Solv Protocol to migrate $700 million assets to Chainlink

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Solv Protocol is shifting more than $700 million in tokenized Bitcoin from LayerZero to Chainlink's CCIP. The move follows Kelp DAO's similar decision after a major exploit.

Solv Protocol has announced it will move its SolvBTC and xSolvBTC assets, worth over $700 million, to Chainlink’s Cross-Chain Interoperability Protocol. Support for LayerZero bridges will be deprecated on Corn, Berachain, Rootstock and TAC. The change follows an updated security review and recent cross-chain hacks across the sector.

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