[Flash] Lombard Joins LayerZero Exodus, $4B Assets Move to Chainlink Bridge DeFi protocol Lombard has announced its participation in the ongoing LayerZero asset migration, moving approximately $4 billion in assets to Chainlink’s cross-chain bridge solution. The move reflects continued capital outflows from the LayerZero ecosystem, while Chainlink’s bridging services are gaining favor among institutional-grade projects.
Cross-chain interoperability protocol LayerZero acknowledges primary responsibility for a $292M exploit affecting KelpDAO, reversing its initial framing of the incident as a developer configuration failure.
[Brief] Solv Protocol Switches to Chainlink for $700M Tokenized Bitcoin Solv Protocol is migrating from LayerZero to Chainlink infrastructure to secure $700 million in tokenized Bitcoin holdings, marking one of the most significant DeFi infrastructure switches recently.
Kelp DAO has migrated from LayerZero to Chainlink’s cross-chain infrastructure following a $292 million bridge exploit and a blame dispute between the two protocols.
Kelp DAO claims LayerZero approved the bridge configuration exploited in the $292M Drift hack, shifting blame in the ongoing dispute.