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via The Block · By The Block Editorial

Solv Protocol drops LayerZero in favor of Chainlink for $700 million tokenized bitcoin

ZRO

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$0.7700

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Change: $0.0330 (4.31%)

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ZRO

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$0.7700

▼ -0.90%

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Resistance 1$0.7860

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Trend:Downtrend

RSI (14):41.8

The Block Editorial

(02:17 AM UTC)

1 min read

Verified byDavid Kim

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Bitcoin-centric DeFi platform Solv Protocol announced that it will migrate to Chainlink from LayerZero, following a major security incident involving the latter.

In a Thursday post, Solv Protocol wrote it will phase out LayerZero's bridging support for SolvBTC and xSolvBTC with Corn, Berachain, Rootstock, and TAC. Instead, Solv designated Chainlink's CCIP as its official cross-chain…

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The Block Editorial · The Block

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