Tydro Protocol Completes Migration to Chainlink Oracles, Securing $400M+ in Lending Markets
Tydro Protocol Completes Migration to Chainlink Oracles, Securing $400M+ in Lending Markets
🔐 $400M Oracle Switch
Tydro, the largest lending protocol on Ink blockchain, has completed its migration to Chainlink as its primary oracle infrastructure following a comprehensive security review.
Key Details:
- The migration secures over $400 million in current lending markets
- Chainlink's data standard will also protect all future lending markets on the platform
- This follows a broader trend of major protocols moving to Chainlink infrastructure
Recent Industry Movement:
In early May, four leading protocols with combined TVL exceeding $3 billion decommissioned their legacy oracle and bridge solutions in favor of Chainlink, including KelpDAO, Solv Protocol, and Tydro.
The migration represents a significant shift toward standardized, secure oracle infrastructure in the DeFi ecosystem, with Chainlink positioning itself as the industry standard for price feeds and cross-chain data.
After a rigorous security review, @tydrohq, the largest lending protocol on @inkonchain, has officially migrated to Chainlink as its primary oracle infrastructure. The Chainlink data standard now secures all current ($400M+) & future lending markets.
Tydro's pricing oracles have migrated from Chaos Labs to Chainlink Data Feeds. Chainlink provides critical offchain data to the Ink network enabling Tydro to become a more decentralized and stable protocol. Every market now reads from data that no single operator controls.
We’re committed to working with @tydrohq, the largest lending protocol on @inkonchain, as they deprecate their legacy oracle solution and officially migrate to Chainlink Data Feeds. DeFi will win.
Tydro is migrating from its existing oracle to @chainlink. The pause is still in effect as a precautionary measure as we test and complete the upgrade. User funds remain safe, liquidations are currently disabled, and a grace period will be implemented upon unpausing. Markets
We’re committed to working with @KelpDAO in strengthening the cross-chain security of rsETH by supporting their migration to Chainlink CCIP. DeFi will win.
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi.
In 4 days, 4 leading protocols with $3B+ combined TVL decommissioned their legacy oracles & bridges and are migrating to Chainlink. ⬡ @KelpDAO ⬡ @SolvProtocol ⬡ @re ⬡ @tydrohq DeFi will win.
🔗 Kraken Migrates to Chainlink CCIP for Cross-Chain Bitcoin Security
**Kraken has selected Chainlink CCIP as its exclusive cross-chain infrastructure** for all Kraken Wrapped Assets, starting with kBTC (Kraken Wrapped Bitcoin). After a thorough security review, Kraken determined that CCIP meets its strict requirements through: - **Enterprise-grade security** with ISO 27001 and SOC 2 Type 2 certifications - Secure-by-default architecture with 16 independent node operators - Native rate limits and institutional-grade infrastructure The migration enables Kraken to expand Bitcoin's utility across DeFi while maintaining custody security standards. No action is required from kBTC customers during the transition from their legacy cross-chain provider. This follows a broader industry trend of major protocols migrating to CCIP, including recent adoptions by Solv Protocol ($700M+ in tokenized BTC) and Huma Finance.
🏦 Fidelity International Launches First Tokenized Fund
Fidelity International, managing over $1 trillion in client assets, has launched **FILQ** (Fidelity USD Digital Liquidity Fund), its first tokenized investment fund. **Key Infrastructure Partners:** - Fidelity International: Asset manager and issuer - Sygnum: Tokenization infrastructure - Chainlink: Onchain NAV and distribution data - J.P. Morgan: Daily NAV data approval **What This Means:** FILQ enables 24/7 fund subscriptions across all time zones with stablecoin settlement for seamless onchain transactions. Chainlink's onchain NAV technology allows Fidelity to offer regulated yield-bearing liquidity in digital markets around the clock. This marks a significant step in bringing traditional finance infrastructure onchain through institutional-grade tokenization. [Learn more about FILQ](https://www.sygnum.com/filq/)
🏗️ Bridgetower Tokenization Platform
Bridgetower has successfully transitioned from being an early Chainlink adopter to launching a **live tokenization platform** for an $11 billion Arizona copper-gold asset. The platform integrates the **full Chainlink stack** to enable the issuance and distribution of tokenized securities at scale. This deployment represents a significant milestone in bringing real-world assets onto blockchain infrastructure. The case study details how Bridgetower built its production-ready platform, demonstrating practical applications of blockchain technology in commercial real estate and natural resource tokenization.
🏔️ BridgeTower Tokenizes Massive Copper Gold Deposits
BridgeTower Capital has launched tokenized securities representing over $11 billion in physical gold and copper deposits from the DOM X Arizona Project. **Key Details:** - 1.48 billion pounds of copper - 0.69 million ounces of gold - Securities powered by Chainlink's infrastructure The tokenization platform integrates Chainlink's full technology stack to enable large-scale issuance and distribution of these asset-backed securities onchain.