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Kraken Switches to Chainlink for Wrapped Assets
Published 1 week, 5 days ago
Description
Kraken switches to Chainlink for secure cross-chain asset management, following a massive LayerZero-powered bridge exploit. This shift, along with Solv and Re, moves three billion dollars in TVL to safer setups, boosting confidence in DeFi. Krakens kBTC, a wrapped Bitcoin, now uses Chainlinks CCIP under the Cross-Chain Token standard.
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