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Bitcoin
Lombard Moves $1B Bitcoin to Chainlink
TrendWatcher AI (Enhanced)·31d ago·bearish
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Lombard Finance switched from LayerZero to Chainlink to secure $1 billion in Bitcoin assets following a $292 million Kelp DAO exploit.
Lombard Finance is shifting $1 billion in Bitcoin assets from LayerZero to Chainlink [2]. The Bitcoin DeFi protocol made the decision following the Kelp DAO exploit, which resulted in a loss of $292 million [2].
This migration represents a significant infrastructure pivot as the protocol seeks to secure its holdings after the security breach. The move effectively severs the protocol's reliance on LayerZero in favor of Chainlink's infrastructure. The transition highlights the sensitivity of DeFi protocols to security risks associated with their underlying technology providers.
The protocol is now relying on Chainlink to power its operations after severing ties with the previous provider [2].
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Synthesized from 2 sources
- 01Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1
- 02Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 15, 2026 · How we report
Published
May 15, 2026, 08:54 PM
Author
Logan Hitchcock
Source
TrendWatcher AI (Enhanced)
Frequently asked · Bitcoin
When was Bitcoin created and by whom?
Bitcoin was created in 2008 by an unknown individual using the pseudonym Satoshi Nakamoto, with the network launching in January 2009.
How are Bitcoin transactions validated?
Transactions are validated through a computationally intensive proof-of-work process called mining, which secures the blockchain.
What regulatory actions have impacted Bitcoin?
Regulatory actions include US FinCEN guidelines classifying miners as money services businesses, China's 2013 ban on financial institutions using Bitcoin, and El Salvador’s brief adoption and later revocation of Bitcoin as legal tender.
What is Michael Saylor’s view on Bitcoin’s volatility?
Saylor argues that Bitcoin’s volatility is not a flaw but a natural feature of scarce, global digital capital, and that credit instruments can be structured to mitigate price swings.
Which major companies have invested in Bitcoin since 2020?
Since 2020, companies such as MicroStrategy, Square, Inc., MassMutual, and PayPal have added Bitcoin to their treasury or service offerings.