Solv Protocol

The Kelp DAO exploit has led to a $293 million loss, prompting DeFi protocols like Solv Protocol to migrate to Chainlink infrastructure due to risks in third-party bridge and oracle setups. This move aims to improve security and reliability. DeFi projects are rethinking their oracle providers after the exploit exposed significant vulnerabilities.

Solv Protocol has dropped LayerZero in favor of Chainlink for a $700 million tokenized bitcoin project, citing security concerns as the reason. This decision comes after a recent exploit of LayerZero-powered Kelp DAO. The move aims to enhance security measures.

Solv Protocol is migrating its $700M tokenized Bitcoin infrastructure to Chainlink due to security concerns, following Kelp DAO's decision after blaming LayerZero for a hack. This move aims to enhance security and reliability. Solv Protocol's decision may impact the cryptocurrency and blockchain industry.

Solv Protocol is migrating from LayerZero to Chainlink at a cost of $700 million. This decision marks a significant shift in Solv Protocol's infrastructure. The migration aims to enhance the protocol's functionality and security.

Solv Protocol is migrating from LayerZero to Chainlink CCIP for secure cross-chain transactions, including over $700M in Bitcoin assets. This migration aims to reduce risk exposure and standardize on a battle-hardened infrastructure. The move affects SolvBTC and xSolvBTC bridging support.