Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets

ZRO

ZRO/USDT

$1.503

+2.04%

$1.503

+2.04%

(24s)

24h Volume

$108,194,062.80

24h H/L

$1.559 / $1.423

Change: $0.1360 (9.56%)

Funding Rate

-0.0068%

Shorts pay

Data provided by COINOTAG DATALive data

ZRO

Daily

$1.491

▲ 3.61%

Volume (24h): -

Resistance Levels

Resistance 3$1.8788

Resistance 2$1.7673

Resistance 1$1.5683

Price$1.491

Support 1$1.4307

Support 2$1.3085

Support 3$1.187

Pivot (PP):$1.4987

Trend:Uptrend

RSI (14):74.2

Decrypt Editorial

(08:54 PM UTC)

1 min read

Lombard Finance is the latest firm to move its assets off LayerZero technology in favor of Chainlink.
The firm conducted an internal review of its technology, opting for Chainlink in the wake of the Kelp DAO exploit.
Lombard's assets make up more than $1 billion in Bitcoin-backed tokens.

Bitcoin decentralized finance (DeFi) firm Lombard Finance will replace LayerZero technology with…