According to CoinDesk, Solv Protocol migrated over $700 million in SolvBTC and xSolvBTC from LayerZero to Chainlink’s CCIP on May 7, discontinuing LayerZero support across Corn, Berachain, Rootstock, and TAC networks. The move follows recent security reviews and cross-chain attacks, with Solv adopting CCIP as its standard cross-chain infrastructure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Arbitrum DAO Approves Release of 30,765.67 ETH for rsETH Recovery on May 8
According to PANews, Arbitrum DAO approved an AIP proposal on May 8 to release 30,765.67 ETH previously frozen by the Security Council, with 90.96% support. The funds will compensate rsETH holders affected by an attack event. The proposal was jointly initiated by Aave Labs, KelpDAO, LayerZero, Ether
GateNews23m ago
Aptos Foundation and Aptos Labs Invest $50M in Ecosystem Development
On May 8, Aptos Foundation and Aptos Labs announced an investment of over $50 million to support ecosystem development, covering product grants, research, protocol infrastructure, and strategic funds for trading and AI partners.
The initiative includes the recently launched Decibel on-chain order b
GateNews1h ago
American Bitcoin uses an overvalued BTC collateral to buy mining machines, implying a discount of 44%
Listed Bitcoin miner American Bitcoin disclosed in its latest quarterly earnings report that in February, it pledged 314 BTC as collateral and paid Bitmain $49.4 million for 80% of the mining equipment purchase. The deal was valued at $125,900 per BTC, but the actual transaction price at the time was below $70k, meaning ABTC effectively bought the mining equipment at an implied discount of about 44%.
MarketWhisper2h ago
GnosisDAO Votes on GIP-150 to Allow GNO Holders to Redeem Treasury Assets at NAV; 64.8% Opposition
According to PANews, on May 8, GnosisDAO is voting on proposal GIP-150 to allow GNO token holders to redeem their proportional share of treasury assets at net asset value (NAV). As of the report, approximately 64.8% of votes oppose the proposal, with voting concluding on May 13.
Under the proposal,
GateNews2h ago
JPMorgan: Bitcoin Outpacing Gold as Debasement Trade Post-Iran Conflict
JPMorgan analysts led by managing director Nikolaos Panigirtzoglou reported that bitcoin is gaining over gold as the debasement trade following the Iran conflict, citing continued inflows into bitcoin exchange-traded funds while gold ETFs struggle to recover losses. According to the analysts, retail
CryptoFrontier7h ago
