Lombard Finance, one of the largest Bitcoin-native liquid staking platforms in DeFi, is moving more than $1B in Bitcoin-backed assets off LayerZero’s bridge infrastructure and onto Chainlink’s Cross-Chain Interoperability Protocol. The protocol plans to fully deprecate LayerZero from its cross-chain stack.
The migration follows an April 2026 exploit that drained roughly $292M from KelpDAO’s rsETH product, which relied on LayerZero-based bridge infrastructure.
A $4B vote of no confidence
Across the DeFi ecosystem, approximately $4B in assets have either already migrated or are in the process of migrating from LayerZero-based bridges to Chainlink CCIP.
Lombard’s internal security review reportedly concluded that CCIP’s architecture, which relies on decentralized oracle networks and multiple independent validation layers, offered materially stronger guarantees than its existing LayerZero setup.
