KelpDAO has publicly announced it is migrating its rsETH to Chainlink CCIP, marking another major partner distancing itself from LayerZero following the massive April 18 exploit that caused over $300 million in losses across DeFi.
In their statement, KelpDAO emphasized that the decision was made to ensure full security of rsETH after the incident clearly showed vulnerabilities originating from LayerZero’s own infrastructure. This move is the latest in a series of high-profile projects reconsidering their reliance on LayerZero’s cross-chain bridge, raising serious questions about the long-term trust and security perception of the protocol.
The situation highlights the persistent risks in cross-chain infrastructure and the importance of multi-bridge strategies for DeFi projects.
Souce: KelpDAO
