DeFi protocol Lombard Finance adopts Chainlink CCIP to replace LayerZero

Techub News, according to Cointelegraph, DeFi protocol Lombard Finance has announced the migration of its cross-chain infrastructure from LayerZero to Chainlink CCIP to support cross-chain transfers of LBTC and Bitcoin. Lombard Finance is a DeFi protocol focused on Bitcoin staking, allowing users to mint Bitcoin into the liquidity token LBTC to participate in the DeFi ecosystem. This migration to Chainlink CCIP (Cross-Chain Interoperability Protocol) aims to enhance the cross-chain security and reliability of its Bitcoin assets. Chainlink CCIP is a cross-chain communication standard launched by Chainlink, which has been adopted by multiple mainstream DeFi protocols to replace existing cross-chain solutions.