Lossless x LegioPad Partnership!
As Lossless mentioned in multiple articles and in their posts, DeFi does not bring security by default. That is a myth — to secure your assets properly both the holder and the token creator must take certain actions to assure security in order to avoid losses. That’s what Lossless is soon to launch — Core Protocol — and make a significant change in the entire crypto space.
Yet, Core Protocol is a tool which is directed at DeFi projects to implement into their token’s smart contracts. This means volumes of work to spread word about a new security measure and also onboard projects to implement it. And their team believes they’re doing quite a good job based on the ecosystem’s growth:
Lossless is happy to announce that they have one more name joining their partner ranks and doing it in quite a scope! Introducing — LegioPad (Formerly MetaPlay). They are a multichain launchpad with their own currency — $LEGIO. It will have their Core Protocol integration to secure the tokens from any hacks and exploits that might come their way.
Not only that, but LegioPad will also be immediately applying Vault Protection — an additional layer of security for project funds in their large wallets through wallet whitelisting and withdrawal limiting. Here’s a reminder what Vault Protection does:
And last but surely not least, all projects using LegioPad as their launchpad will be required to integrate Core Protocol upon launch to ensure proper protection of funds. Their team is more than excited about this kind of dedication towards security and they’re honored to have LegioPad as a partner.
About LegioPad
LegioPad is a decentralized multichain launchpad and financial payment network that rebuilds the traditional payment stack on the blockchain. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LEGIO, to facilitate programmable payments and open financial infrastructure development.
About Lossless
Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from our known cyber security solutions and renowned professionals, the community also plays a role. With a tangible reward system, community members are also encouraged to explore new ways to detect hacks and fraudulent transactions.
📰 INFO
https://losslesscash.medium.com/all-in-to-protect-legio-lossless-x-legiopad-30f6add9888e
