Solv Protocol moves $700M+ in tokenized BTC to Chainlink CCIP, phases out LayerZero on Corn/Berachain/Rootstock/TAC; Tydro pauses markets, migrates to Chainlink price feeds after suspected oracle compromise

first published 2026-05-07T14:59:11Z

Solv Protocol is migrating over $700 million of tokenized bitcoin (SolvBTC and xSolvBTC) to Chainlink’s Cross‑Chain Interoperability Protocol (CCIP) and deprecating LayerZero bridge support across multiple chains following an updated security review and recent cross‑chain exploits. The move follows Kelp DAO’s earlier switch after an April exploit that drained about 116,500 rsETH (~$292M). LayerZero and Kelp disputed responsibility for that exploit; LayerZero said it will stop signing messages for applications using a single‑verifier model. Chainlink calls these migrations a “flight to quality.” Solv already used Chainlink for real‑time collateral verification for SolvBTC pricing.

AI Analysis

Solv is migrating >$700M of SolvBTC/xSolvBTC to Chainlink CCIP and deprecating LayerZero support after an updated security review and recent cross‑chain hacks; Kelp DAO switched after an April exploit that drained ~116,500 rsETH (~$292M); LayerZero said it will no longer sign messages for single‑verifier apps; Chainlink framed moves as a “flight to quality”; Solv already used Chainlink for collateral verification — facts indicate concrete, security‑driven asset migration and counterparty changes.

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