Lombard Finance Shifts to Chainlink for Bitcoin Assets
May 15, 2026 at 20:54
0
✦ AI Summary
- Lombard Finance transitions from LayerZero to Chainlink
- The move follows a significant exploit costing $292 million
- $1 billion in Bitcoin assets will now be managed with Chainlink
Lombard Finance has decided to move its Bitcoin DeFi assets from LayerZero to Chainlink, a significant shift aimed at enhancing security and reliability. This decision comes in the wake of the recent Kelp DAO exploit, which resulted in a staggering loss of $292 million.
As Lombard seeks to safeguard its $1 billion in Bitcoin assets, utilizing Chainlink's robust infrastructure aligns with their commitment to protecting investor interests and ensuring the integrity of their financial operations.
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