Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1 Billion in Bitcoin Assets
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Lombard Finance is dumping LayerZero and shifting its $1 billion in Bitcoin assets to Chainlink, a move driven by the recent Kelp DAO exploit that resulted in a $292 million loss. This strategic pivot aims to enhance security and stability for Lombard Finance's users, underscoring the importance of robust decentralized finance infrastructure in the face of growing security threats.
The Bitcoin DeFi protocol is moving its assets away from LayerZero following the Kelp DAO exploit that led to the loss of $292 million.