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Solv Moves $700M in Tokenized Bitcoin to Chainlink CCIP, Phasing Out LayerZero
Solv Protocol is migrating more than $700 million in tokenized Bitcoin assets to Chainlink CCIP and will gradually phase out LayerZero bridging support across multiple chains. The migration covers core assets including SolvBTC and xSolvBTC. Solv said the move followed its latest security reviews and recent cross-chain security incidents. The shift follows Kelp DAO’s migration of about $290 million in assets to Chainlink.