- Solv Protocol has migrated $700 million worth of tokenized Bitcoin from LayerZero to Chainlink’s CCIP and will unwind its bridge across four chains.
- Chainlink founder Sergey Nazarov said the migration is a reward for all the hard work his team has put in to fortify its security.
Solv Protocol is moving its assets to Chainlink’s cross-chain infrastructure, becoming the latest DeFi protocol to ditch LayerZero after the recent KelpDAO debacle.
Solv announced that after an ‘extensive security review,’ it would be deprecating its LayerZero bridges across four chains: Berachain, Corn, TAC and Rootstock. It specifically mentioned that the migration is in light of “recent cross-chain hacks observed in the industry,” referring to the recent $300 million bridge hack on KelpDAO.
After an extensive security review, we have decided to deprecate @LayerZero_Core bridges for SolvBTC and xSolvBTC, and migrate to @Chainlink CCIP as our official cross-chain infrastructure solution for $700M+ in tokenized BTC (SolvBTC & xSolvBTC).
In light of recent industry… pic.twitter.com/t6y7v9rt8J
— Solv Protocol (@SolvProtocol) May 7, 2026
In its post, Solv said it would be migrating $700 million in Bitcoin assets, held across SolvBTC and xSolvBTC. The former is a Bitcoin-backed asset that lets Bitcoin holders use their BTC in DeFi, while the latter is its yield-earning version.
Solv is moving its assets to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Unlike LayerZero’s lightweight bridge that leaves a lot of the security responsibility to the users, CCIP is decentralized and has several independent nodes. It also comes with a risk management network that can halt transactions if it detects suspicious activity.
In its announcement, Solv described Chainlink’s CCIP as “the most battle-hardened and time-tested interoperability infrastructure across all blockchains.”
Will Wang, the chief technology officer at Solv, commented:
“By fully securing SolvBTC and xSolvBTC cross-chain transfers with CCIP, we are providing users the highest assurance that proven, defense-in-depth infrastructure secures all cross-chain transfers. This strategic migration positions Solv to scale with the reliability and institutional-grade security assurance the market demands.”
Chainlink’s Founder Says the Industry Is Finally Paying for Security
Chainlink welcomed Solv into its ever-growing ecosystem, adding that “DeFi will win.” Founder Sergey Nazarov went further, describing the news as vindication for what his team has been building for years.
He stated:
“Glad to see all the hard work that Chainlink has put into generating real security is being recognized as valuable by more and more teams in our industry. It seems that focusing on making a secure and reliable solution is what wins in an industry where securing value is a key feature of everyone’s product.”
Nazarov said that low-quality data oracles that have poor security are rapidly losing market share as more platforms switch to Chainlink. He cited Tydro, the largest DeFi protocol on Kraken’s Layer 2 network, which recently paused all activity until it migrates to Chainlink’s infrastructure.
Update on Tydro Markets:
Tydro was notified by Chaos Labs that they had experienced an attack with patterns similar to that of a nation state attacker on May 4th and were advised by Chaos Labs to pause all markets until further information was available.
No bad prices were…
— Tydro (@tydrohq) May 7, 2026
He says that cross-chain connectivity is finally recognizing the value of secure networks with “actual decentralization, actual monitoring and actual private key security,” where Chainlink has a dominant lead.
According to Nazarov, many protocols have been cutting corners for years, but this is finally catching up with them. He sated:
“It is much easier and often faster to cut corners and run a single node and call it a decentralized bridge, have no monitoring on those bridges and keep the extra profits from cutting these key security and reliability features, but that comes at the expense of your users’ systems going down.”
Chainlink was selected this week as the infrastructure to power KelpDAO, a DeFi platform that was attacked recently and had $300 million stolen. KelpDAO called out LayerZero for the attack, with the two engaging in a blame game for days.
