The partnership will provide investors with a secure platform and enhanced opportunities in the DeFi Market.
Fluid has announced it will integrate the LERC20 standard of Lossless to power its $FLD token with hack mitigation capabilities of detecting fraud, freezing fraudulent transactions, and reversing stolen funds. By integrating the LERC20 protocol, FLUID will enhance security across spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings.
“Securing digital assets is a major challenge for the industry and an even greater barrier for institutional adoption of virtual assets. As the liquidity aggregator of the future, it is fundamental that FLUID provides access to deep liquidity in a secure framework. Our partnership with Lossless, which is the first DeFi hack mitigation tool, adds an additional layer of security that conforms to the highest standards in place currently,” said Shah Sheikh, Chief Information Security Officer, FLUID.
The partnership between FLUID and Lossless will provide institutional and retail investors with a secure platform in the DeFi market. According to DefiLlama, the current total value locked (TVL) across the ecosystem is almost $215 billion.
The partnership with Lossless is expected to propel demand for FLUID’s solutions as retail and institutional investors look at enhanced security for investments within the DeFi space.
Lossless is the world’s first DeFi hack mitigation tool for token creators. Through various methods of fraud identification, the protocol halts counterfeit transactions and automatically reverses any stolen tokens back to the original owner.
FLUID is the ultra-low latency CeDeFi liquidity aggregator that uses AI quant-based models to tackle fragmented liquidity in virtual asset markets.