After an extensive security review, we have decided to deprecate
@LayerZero_Core bridges for SolvBTC and xSolvBTC, and migrate to
@Chainlink CCIP as our official cross-chain infrastructure solution for $700M in tokenized BTC (SolvBTC & xSolvBTC).
In light of recent industry events, Solv reviewed its existing bridges and found that CCIP provided the strongest security assurances through its secure-by-default architecture, native risk controls and proactive monitoring.
Through CCIP, we are providing our users with the highest assurance that the most secure infrastructure is securing all cross-chain transfers.
Furthermore, CCIP because it is widely regarded as the gold standard for decentralized interoperability and officially recognized by the
@WhiteHouse as critical infrastructure for the digital asset ecosystem.
This migration reinforces Solvโs unwavering commitment to delivering institutional-grade protection for our users.
Learn more:
insights.solv.finance/solv-pโฆ