
Solv Protocol Moves Tokenized Bitcoin Infrastructure to Chainlink CCIP
TL;DR: Solv Protocol will migrate over $700 million in tokenized bitcoin from LayerZero to Chainlink’s CCIP protocol following a security review. The decision follows the Kelp

TL;DR: Solv Protocol will migrate over $700 million in tokenized bitcoin from LayerZero to Chainlink’s CCIP protocol following a security review. The decision follows the Kelp

Solv Protocol suffered an exploit that resulted in the draining of approximately 38 SolvBTC from one of its structured yield vaults, known as Bitcoin Reserve Offerings (BRO).
TL;DR: Solv Protocol launched BTC+, a structured yield vault aggregating strategies across DeFi, CeFi & TradFi (including BlackRock’s BUIDL) to generate returns on idle institutional Bitcoin.

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