gm. someone in my group chat said the boring infrastructure is the stuff that actually gets tested, and today that hit home for $ZRO.
Wyoming just pulled its state backed stablecoin FRNT off LayerZero and moved it over to Chainlink's CCIP. they said the move followed a security review, not a rumor, an actual state government re routing its own asset.
$ZRO is sitting at $0.8283, still up 1.11% on the week, so the market hasn't really flinched yet. i think that's wrong. losing a state-backed integration to a rival bridge after a security review is the kind of headline that caps upside until LayerZero lands something to offset it.
there's a counter play. Cap's OVault for cross-chain stablecoin staking just went live on LayerZero this week too. if that pulls real volume in fast, i'm wrong and Wyoming's exit was a one-off.
i'm leaning bearish on ZRO until OVault proves it can bring flow in faster than Wyoming's exit gets copied by anyone else watching.
#LayerZero
Wyoming just pulled its state backed stablecoin FRNT off LayerZero and moved it over to Chainlink's CCIP. they said the move followed a security review, not a rumor, an actual state government re routing its own asset.
$ZRO is sitting at $0.8283, still up 1.11% on the week, so the market hasn't really flinched yet. i think that's wrong. losing a state-backed integration to a rival bridge after a security review is the kind of headline that caps upside until LayerZero lands something to offset it.
there's a counter play. Cap's OVault for cross-chain stablecoin staking just went live on LayerZero this week too. if that pulls real volume in fast, i'm wrong and Wyoming's exit was a one-off.
i'm leaning bearish on ZRO until OVault proves it can bring flow in faster than Wyoming's exit gets copied by anyone else watching.
#LayerZero