Pleasing Market has announced it will be replacing LayerZero with Chainlink’s infrastructure, following a comprehensive security assessment. This decision comes in the wake of the recent $292 million exploit that impacted both Kelp DAO and LayerZero. Pleasing Market is now among several projects—including KelpDAO, Solv Protocol, Re, Lombard, and Kraken—that have shifted to Chainlink’s interoperability solutions.
The tokenized real-world asset platform plans to retire all LayerZero bridges and standardize its operations on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for transferring PGOLD and USDpm across various blockchains. Additionally, Pleasing Market has adopted Chainlink Data Streams, enabling secure pricing for tokenized precious metals across multiple blockchain networks.
This strategic transition is set to secure approximately $90 million in total value locked and facilitate growth across ecosystems such as Arbitrum, Ethereum, and Pharos, with plans for future expansions. Given the heightened focus on bridge security within the industry, Pleasing Market emphasized the vulnerabilities present in cross-chain infrastructure, which has become a key concern in decentralized finance (DeFi).
Pleasing Market selected Chainlink CCIP due to its robust combination of decentralization, security, and risk management capabilities. The infrastructure benefits from decentralized oracle networks and has notably processed over $30 trillion in transaction value throughout the blockchain ecosystem.
Leon Ma, CTO of Pleasing Market, highlighted the critical importance of using infrastructure that mitigates systemic risk when bringing the global precious metals market on-chain. “After a careful security review of the full interoperability landscape, it became evident that Chainlink CCIP is the only infrastructure that provides the secure-by-default architecture required to power cross-chain transfers for Pleasing Market,” Ma stated.
Johann Eid, Chief Business Officer at Chainlink Labs, remarked that this migration reflects the growing trend towards adopting secure-by-default infrastructure for tokenized assets. “Pleasing Market is now leveraging CCIP’s secure-by-default infrastructure to scale its tokenized assets across the on-chain economy,” Eid added. He emphasized that as more value transitions to the on-chain environment, stakeholders are increasingly gravitating towards infrastructure that institutions, asset issuers, and DeFi protocols can trust globally.
