{"id":72247,"date":"2026-05-08T21:24:59","date_gmt":"2026-05-08T21:24:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solv-protocol-and-re-switch-to-chainlink-ccip-moving-nearly-1b-away-from-layerzero\/"},"modified":"2026-05-08T21:24:59","modified_gmt":"2026-05-08T21:24:59","slug":"solv-protocol-and-re-switch-to-chainlink-ccip-moving-nearly-1b-away-from-layerzero","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solv-protocol-and-re-switch-to-chainlink-ccip-moving-nearly-1b-away-from-layerzero\/","title":{"rendered":"Solv Protocol and Re Switch to Chainlink CCIP, Moving Nearly $1B Away From Layerzero"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Solv Protocol moves $700M in tokenized Bitcoin from Layerzero to Chainlink CCIP, joining two other major DeFi protocols.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">An April 18, 2026, exploit drained roughly $292M from KelpDAO, triggering security reviews across DeFi bridging infrastructure.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Re (re.xyz) selects Chainlink CCIP as its exclusive cross-chain bridge for reUSD, a stablecoin backed by $475M+ in protocol TVL.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Three <span>DeFi<\/span> Protocols Pull Nearly $1B From Layerzero After $292M April Exploit<\/h2>\n<p>Solv Protocol <a href=\"https:\/\/insights.solv.finance\/solv-protocol-migrates-from-layerzero-to-chainlink-ccip\/\" target=\"_blank\" rel=\"noopener noreferrer\">announced<\/a> this week that it is migrating its entire tokenized <span>bitcoin<\/span> portfolio, including SolvBTC and xSolvBTC, from Layerzero to Chainlink CCIP. The move covers roughly $700 million in assets and affects bridge deployments on Corn, Berachain, Rootstock, and TAC networks. Layerzero support on those chains is being deprecated as the migration proceeds in phases.<\/p>\n<p>\u201cAfter an extensive security review, Solv is deprecating its Layerzero bridges and migrating to the most secure cross-chain solution in the industry, with SolvBTC and xSolvBTC now officially powered by Chainlink CCIP across all supported chains,\u201d the team wrote.<\/p>\n<p><span style=\"font-weight:400\">Re (re.xyz), an onchain reinsurance protocol, made a similar call. The team <a href=\"https:\/\/blog.re.xyz\/chainlink-ccip\/\" target=\"_blank\" rel=\"noopener noreferrer\">selected<\/a> Chainlink CCIP as the exclusive cross-chain infrastructure for reUSD, its yield-bearing <a href=\"https:\/\/news.bitcoin.com\/kraken-parent-payward-buys-reap-technologies-for-600m-to-build-stablecoin-payment-rails\/\">stablecoin<\/a> with more than $160 million in <span>market cap<\/span>. Re cited CCIP\u2019s redundant validation by 16 or <\/span>more independent <span>node<\/span> operators, native rate-limit circuit breakers, and SOC 2 Type 2 compliance as the deciding factors. Protocol TVL stands above $475 million.<\/p>\n<p>Both decisions follow an April 18, 2026, <a href=\"https:\/\/news.bitcoin.com\/kelpdao-slams-layerzero-after-300m-exploit-shifts-rseth-to-chainlink-ccip\/\">exploit<\/a> that drained approximately 116,500 rsETH, worth roughly $292 million at the time, from a Layerzero-powered bridge used by KelpDAO. Attackers reportedly used the stolen assets as collateral on Aave v3. KelpDAO attributed the breach to a 1-of-1 verifier configuration within Layerzero\u2019s infrastructure, which created a single point of failure.<\/p>\n<p>Layerzero <a href=\"https:\/\/news.bitcoin.com\/layerzero-claims-zero-contagion-after-290m-exploit-as-disputed-narratives-deepen-scrutiny\/\">disputed<\/a> that framing. The company said KelpDAO had manually selected a non-recommended single-verifier model against Layerzero\u2019s own guidance and that it would no longer support such configurations. The public dispute drew renewed scrutiny to how Layerzero\u2019s Omnichain Fungible Token standard handles verifier setup and whether default configurations offer adequate protection.<\/p>\n<p>Chainlink CCIP uses a different model. Each bridge lane relies on multiple independent Decentralized <span>Oracle<\/span> Networks, with 16 or more security-reviewed <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-bitcoin-node\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">node<\/a> operators handling validation. Separate codebases manage execution and risk, and built-in rate limits act as circuit breakers if anomalous transfer volumes appear. Solv noted that CCIP had already been part of its collateral verification stack, making the migration a consolidation rather than a full replacement.<\/p>\n<p>Re described the switch as an obvious upgrade given what it called Chainlink\u2019s foundational role in its existing infrastructure. The team said it chose to prioritize track record, third-party audits, and institutional security standards over speed or cost when evaluating bridge options in the wake of recent <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> hacks.<\/p>\n<p>Huma Finance, a PayFi network, also <a href=\"https:\/\/x.com\/humafinance\/status\/2049943809979527531\" target=\"_blank\" rel=\"noopener noreferrer\">selected<\/a> CCIP as the exclusive bridge for its PST yield product. Unlike Solv, Re, and <a href=\"https:\/\/news.bitcoin.com\/charles-hoskinson-points-to-cardano-and-midnight-as-fix-for-cross-chain-flaws-behind-kelpdao-hack\/\">KelpDAO<\/a>, however, Huma was not migrating from an active Layerzero deployment. Its decision was framed as a forward-looking infrastructure choice following the same security reviews that prompted the other three protocols to act.<\/p>\n<p>The combined scale of these shifts, nearly $1 billion when counting Solv and KelpDAO alone, has strengthened Chainlink\u2019s position as a preferred cross-chain standard for protocols managing institutional-grade or high-value assets. Chainlink executives have described the moment as a flight to quality, with teams seeking infrastructure that offers default protections rather than configurations that place security responsibility on individual operators.<\/p>\n<p>\u201cGlad 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,\u201d Chainlink founder Sergey Nazarov <a href=\"https:\/\/x.com\/SergeyNazarov\/status\/2052495124303654965?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">remarked<\/a> on X. \u201cIt seems that focusing on making the secure and reliable solution is what wins in an industry where securing value is a key feature of everyone\u2019s product.\u201d<\/p>\n<p>Nazarov added:<\/p>\n<blockquote>\n<p>\u201cWe have seen the trend of low quality data <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-an-oracle\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">oracles<\/a> with poor security being switched out for Chainlink for many years now, with that trend continuing on a regular basis.\u201d<\/p>\n<\/blockquote>\n<p>Holders of rsETH, SolvBTC, xSolvBTC, and reUSD are largely unaffected during the transition. Each protocol has structured its migration to be phased, with minimal required action from users in most cases.<\/p>\n<p>The trend reflects a practical calculation by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a> teams: when a single misconfiguration can result in a nine-figure loss, default security architecture matters more than flexibility.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"flex flex-col overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:hidden\">\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs\u2019 account of the incident, alleging\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/kelpdao-slams-layerzero-after-300m-exploit-shifts-rseth-to-chainlink-ccip\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] md:flex md:flex-row md:gap-3 lg:hidden\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs\u2019 account of the incident, alleging\u2026<\/p>\n<p><a class=\"flex h-[38px] w-full items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/kelpdao-slams-layerzero-after-300m-exploit-shifts-rseth-to-chainlink-ccip\/\">Read Now<\/a><\/div>\n<\/div>\n<div class=\"hidden overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] lg:flex lg:flex-row lg:gap-4\">\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F05%2Fkelpdao-layerzero-3-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img src=\"https:\/\/news.bitcoin.com\/images\/uploads\/bitcoin_news_newlogo.svg\" alt=\"Bitcoin.com News\" class=\"size-7\" loading=\"lazy\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<div class=\"flex items-start gap-3\">\n<h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">KelpDAO Slams Layerzero After $300M Exploit, Shifts rsETH to Chainlink CCIP<\/h3>\n<p><a class=\"flex h-12 w-[180px] shrink-0 items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white no-underline\" href=\"https:\/\/news.bitcoin.com\/kelpdao-slams-layerzero-after-300m-exploit-shifts-rseth-to-chainlink-ccip\/\">Read Now<\/a><\/div>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs\u2019 account of the incident, alleging\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/solv-protocol-and-re-switch-to-chainlink-ccip-moving-nearly-1b-away-from-layerzero\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Solv Protocol moves $700M in tokenized Bitcoin from Layerzero to Chainlink CCIP, joining two other major DeFi protocols. An April 18, 2026, exploit drained roughly $292M from KelpDAO, triggering security reviews across DeFi bridging infrastructure. Re (re.xyz) selects Chainlink CCIP as its exclusive cross-chain bridge for [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":72248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72247"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72247"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72248"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}