Overview
- Solv Protocol, which disclosed the change Thursday, will migrate more than $700 million in SolvBTC and xSolvBTC to Chainlink’s Cross-Chain Interoperability Protocol.
- Solv will phase out LayerZero bridge support on Corn, Berachain, Rootstock, and TAC as it standardizes cross-chain transfers on CCIP.
- Solv said a fresh review of bridge risks and recent hacks drove the choice, pointing to CCIP’s defense-in-depth design that uses multiple independent validators to avoid a single point of failure.
- The shift follows April’s Kelp DAO exploit that drained about 116,500 rsETH from a LayerZero-powered bridge, prompting a public dispute over Kelp’s single-verifier setup and a LayerZero policy change to stop signing messages for that model.
- Kelp is also moving to CCIP, and together the migrations represent over $2 billion in protocol assets reorienting toward infrastructure viewed as more secure, while recovery efforts such as Aave liquidations and frozen funds continue.