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DeFi Protocol Lombard Migrates $1B+ Bitcoin Assets From LayerZero to Chainlink CCIP in April

GateNews

Project Progress

2026-05-16 01:21:52

BARD-3.4%

BTC-0.82%

ZRO2.39%

LINK-0.1%

According to CoinDesk, DeFi protocol Lombard abandoned LayerZero in favor of Chainlink CCIP in April, migrating over $1 billion in bitcoin-backed assets. The move followed a comprehensive security review after the KelpDAO attack that resulted in $292 million in losses earlier that month.

Lombard is among approximately $4 billion in assets that have completed or are in the process of migrating from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) amid intensified industry scrutiny of cross-chain infrastructure security.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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