Briefly
- Lombard Finance is the newest agency to maneuver its property off LayerZero know-how in favor of Chainlink.
- The agency performed an inner evaluate of its know-how, choosing Chainlink within the wake of the Kelp DAO exploit.
- Lombard’s property make up greater than $1 billion in Bitcoin-backed tokens.
Bitcoin decentralized finance (DeFi) agency Lombard Finance will change LayerZero know-how with Chainlink’s cross-chain interoperability platform (CCIP), following an intensive evaluate of its Bitcoin asset tech stack within the wake of final month’s $292 million Kelp DAO exploit.
The transfer comes in the future after crypto alternate Kraken equally opted for Chainlink CCIP to energy its kBTC wrapped Bitcoin token, as an alternative of LayerZero.
“This determination prioritizes the protection and safety of all Lombard customers and displays our dedication to sustaining the safety report we have constructed since day one, zero safety incidents and 100% uptime,” Lombard posted on X.
The transfer will affect greater than $1 billion in Lombard’s Bitcoin-linked property throughout Solana, Ethereum, and Berachain. The agency will even discontinue use of LayerZero know-how on Ethereum layer-2 community Morph and staking protocol Swell.
This determination prioritizes the protection and safety of all Lombard customers and displays our dedication to the safety report we have maintained since day 1: 0 safety incidents, and 100% uptime.
— Lombard (@Lombard_Finance) Could 15, 2026
“With CCIP, we not solely profit from its secure-by-default basis, but additionally the power to configure further safety layers on prime,” the agency stated.
“This contains having our Safety Consortium validate transactions as an extra attestation,” it added, noting that it permits the agency to implement its personal switch guidelines throughout chains.
Lombard BTC (BTC.B) and Lombard Staked BTC (LBTC) collectively make up greater than $1 billion in market cap, $816 million of which belongs to its staked Bitcoin asset, LBTC. That token acts like a liquid staking token and is 1:1 backed with Bitcoin, unlocking the highest crypto asset to be used in DeFi protocols throughout a number of blockchains.
Along with migrating to Chainlink’s CCIP, the agency can be adopting Chainlink’s Cross-Chain Token (CCT) commonplace for minting and burning new tokens which can be natively cross-chain appropriate.
The agency’s determination to depart LayerZero comes after the interoperability agency admitted it “made a mistake” regarding the April Kelp DAO exploit. In a postmortem report, the agency stated it created an pointless danger that it “merely didn’t see” with its inner configurations. The agency’s inner RPCs have been “poisoned” by North Korean hackers, resulting in the lack of $292 million value of property from Kelp DAO infrastructure.
Since that point, a number of crypto initiatives representing billions of {dollars}’ value of complete worth locked (TVL) have migrated away from LayerZero know-how in favor of Chainlink, together with property from Solv Protocol, Re, and Kelp DAO.
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