Solv ditches LayerZero for Chainlink CCIP to secure $700+ million in wrapped Bitcoin assets

Searching...

Solv transitions to Chainlink CCIP for enhanced security in cross-chain transfers of Bitcoin digital assets.

Solv Protocol, which focuses on bringing Bitcoin into decentralized finance, is migrating its entire cross-chain infrastructure from LayerZero to Chainlink CCIP following a comprehensive review of interoperability security standards, the team said in a May 7 announcement.

The upgrade aims to secure more than $700 million in wrapped Bitcoin assets tied to SolvBTC and xSolvBTC, according to Solv. The move means that Chainlink CCIP will become the protocol’s default cross-chain communication layer on all supported networks.

Solv ditches LayerZero for Chainlink CCIP to secure $700+ million in wrapped Bitcoin assets

Other newsrooms on this story

Related reading

Solv Protocol and Re Switch to Chainlink CCIP, Moving Nearly $1B Away From…

Lombard migrates over $1 billion in Bitcoin backed assets to Chainlink CCIP

Kraken replaces LayerZero with Chainlink CCIP to secure kBTC and wrapped assets

Kraken to replace LayerZero with Chainlink for kBTC, future wrapped assets

Kraken to Migrate Wrapped Bitcoin Tech to Chainlink as LayerZero Exodus Expands…

The Protocol: Solana’s ‘Alpenglow’ upgrade is live for testing