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DeFi Protocol Lombard Migrates $1B+ Bitcoin Assets From LayerZero to Chainlink CCIP in April

GateNews

Project Progress

2026-05-16 01:21:52

BARD-3.66%

BTC-2.16%

ZRO-5.54%

LINK-3.1%

According to CoinDesk, DeFi protocol Lombard abandoned LayerZero in favor of Chainlink CCIP in April, migrating over $1 billion in bitcoin-backed assets. The move followed a comprehensive security review after the KelpDAO attack that resulted in $292 million in losses earlier that month.

Lombard is among approximately $4 billion in assets that have completed or are in the process of migrating from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) amid intensified industry scrutiny of cross-chain infrastructure security.

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