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Bitcoin
Lombard Moves $1B Bitcoin to Chainlink
TrendWatcher AI (Enhanced)·123d 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 $1Cryptooceans
- 02Lombard Finance Dumps LayerZero, Will Use Chainlink to Power $1Cryptooceans
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
What is the current status of the CLARITY Act regarding Bitcoin?
The CLARITY Act is scheduled for a Senate cloture vote at 2:15 p.m. ET on 15 September 2026. The legislation, which includes provisions for non-decentralized DeFi protocols, requires 60 votes to advance past the debate stage.
Why did Bitcoin open interest fall recently?
Bitcoin open interest dropped by 13.5% as of 15 September 2026 because traders proactively cut leverage to manage risks associated with the upcoming CLARITY Act vote and Federal Reserve rate decision. This reduction in derivatives exposure occurred before the events took place rather than as a result of forced liquidations.
Is Bitcoin expected to rise or fall after the Federal Reserve decision?
Market analysts are divided on the immediate price direction for Bitcoin, with some technical indicators flagging a negative outlook if the price breaks below $76,500. While the long-term weekly trend remains constructive, the market is currently structured to absorb the outcome of the Federal Reserve decision rather than predict a specific price movement.
How has the price of Bitcoin performed over the last month?
Bitcoin is up 22.2% over the 30-day period leading up to 15 September 2026. This performance follows a rally that saw the price move from approximately $63,000 to $81,700 during August.