Solv, Re Shift Nearly $1B From Layerzero to Chainlink CCIP

Solv Protocol and Re migrated their cross-chain infrastructure from Layerzero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), transferring almost $1 billion in assets. Solv moved roughly $700 million in tokenized Bitcoin in the changes.

Solv is shifting its entire tokenized bitcoin portfolio — SolvBTC and xSolvBTC — from Layerzero to CCIP across the Corn, Berachain, Rootstock and TAC networks. Layerzero support on those chains will be deprecated in phases. Solv stated the migration will require minimal action from most users and noted CCIP was already part of its collateral verification process.

Re selected Chainlink CCIP as the exclusive cross-chain bridge for reUSD, a yield-bearing stablecoin with a market capitalization above $160 million and protocol total value locked above $475 million. Re cited CCIP’s redundant validation by 16 or more independent node operators, native rate-limit circuit breakers and SOC 2 Type 2 compliance as reasons for the choice.

Huma Finance also chose CCIP for its PST yield product after an infrastructure review; Huma is not migrating from an active Layerzero deployment.

The changes follow an April 18, 2026 exploit that drained about 116,500 rsETH, worth roughly $292 million at the time, from a Layerzero-powered bridge used by KelpDAO. Attackers reportedly posted the stolen assets as collateral on Aave v3. KelpDAO attributed the breach to a 1-of-1 verifier configuration within Layerzero’s setup. Layerzero disputed that account, saying KelpDAO had manually enabled a single-verifier model against the company’s guidance and that it will stop supporting non-recommended single-verifier configurations.

Chainlink’s CCIP uses multiple independent Decentralized Oracle Networks. Each bridge lane relies on 16 or more security-reviewed node operators for validation, separates execution and risk-management codebases, and includes built-in rate limits that act as circuit breakers for abnormal transfer volumes.

Protocol teams reported they prioritized track records, third-party audits and institutional security standards when evaluating bridge options after recent exploits. Projects organized phased migrations to limit disruption, and holders of rsETH, SolvBTC, xSolvBTC and reUSD are reported to be largely unaffected during the transitions.

On X, Chainlink founder Sergey Nazarov wrote he was “glad 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.”

Counting Solv’s roughly $700 million in tokenized bitcoin and the KelpDAO loss, the value involved in the recent changes approaches $1 billion.