#LOSSLESS Archives - Smart Liquidity Research

Lossless Partnership with Script Network

xyla — Thu, 11 May 2023 04:39:41 +0000

Lossless Partnership with Script Network, to bring their best in class tooling to help protect and secure users within Script Networks ecosystem.

As Lossless announced their Partnership with Script Network, both parties will bring an extra layer of security to Script Blockchain. The protocol will help monitor and protect across numerous areas across the ecosystem, including (but not limited), to:

Automated real-time freezing of suspicious transactions
Efficient and evidence-based resolution mechanism
Timely recovery of funds
Advanced exploit identification and mitigation tools

What is Lossless?

Lossless brings groundbreaking Web3 security solutions to top-tier projects, investing heavily into R&D to uncover fresh and inventive security measures. Their specialist team of cybersecurity experts, blockchain engineers, finance pros, and white-hat hackers strive to mitigate any financial damages caused by exploitation or malicious cyber activity.

Also, Introducing Aegis — the All-Seeing Eye, your essential tool for keeping a watchful eye on your contracts and wallets. Its purpose is simple yet incredibly effective: it helps you spot suspicious activity, alerting you as soon as possible to any unexpected changes in TVL, malicious smart contracts deployed, flash loans, and many other potentially harmful events. No matter if you’re a retail user or a web3 company, Aegis is a great way to monitor ill-natured action patterns and gives you the time and opportunity to act if an attack were to occur.

About Lossless Protocol

Designed to reinforce token security framework, ensuring project creators and their communities have a fail-safe against malicious exploits.

Website | Twitter

About Script Network

A video-based blockchain protocol focused on decentralized storage and 24/7 live content. Script Networks products include Script TV, GameFi NFTs, and multiple other dApps currently being built on-chain

Website | Twitter

SOURCE: MEDIUM

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BlockWallet x Lossless Partnership

Eris — Thu, 04 Aug 2022 16:16:09 +0000

BlockWallet has announced its latest partnership with Lossless that brings an extra layer of protection to their smart contracts and improves BlockWallet’s security.

Lossless has created the world’s first unrivaled exploit identification and mitigation tools designed to foolproof Web3 from hacks.

Through their shared mission toward user security, this partnership was a no-brainer. As they build BlockWallet, they’ll be integrating Lossless’s proactive Web3 protection against smart contract exploits — Aegis.

What does this mean for you?

BlockWallet becomes more secure. Whether you’re using privacy pools or swapping and staking your tokens (coming soon btw), you depend on smart contracts. And now, they’ll have the watchful eye of Aegis monitoring them, catching exploits before they do any damage.

Why Aegis?

Since Q1 2021, Lossless has analyzed 80+ hacks responsible for a total stolen value of $3.6 billion. And through their combined insight, they’ve narrowed it down to 3 major exploit patterns:

Price Oracle Manipulations
Private Key Hacks
Bugs: Errors and loopholes in smart contracts

Aegis scans all mined block transactions, utilizing predictive analytics to monitor transaction patterns and identify suspicious addresses. With 24/7 security and an intuitive dashboard for our team, smart contract exploits can be prevented before they even happen.

About Lossless

Lossless is restoring trust in Web3 security. They add an additional layer of blockchain transaction security for ERC-20 standard tokens, protecting projects and their communities from malicious exploits and the associated financial loss and mitigating the financial impact of smart contract exploits and private key theft. They utilize community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions and provide real-time protection.

Website | Twitter

About BlockWallet

BlockWallet is a privacy-first self-custodial browser extension wallet where you can store, send or receive crypto and interact with your favorite blockchain apps privately.

As crypto sees mainstream adoption, blockchain’s lack of privacy often translates to security risks. BlockWallet is here to ensure that on-chain privacy does not lag behind. The wallet provides a set of advanced privacy tools wrapped in a familiar and user-friendly wallet experience, eliminating friction and making privacy accessible for everyone.

BlockWallet protects you and ensures privacy by default. When you make transactions or interact with blockchain apps, BlockWallet routes all node requests through Privacy Proxies, which mask the IP address and other metadata, that can be used to identify and track you on a blockchain. You can also use the Privacy Pools feature, powered by zk-SNARKs technology, to deposit and mix funds in a smart contract. This allows transferring funds without links to your main wallet. BlockWallet offers integrated Flash-Bot Protection, shielding you from sandwich attacks when you trade on DEXes. Meanwhile, the Phishing Protection feature helps you combat phishing scams by generating unique artwork on all sensitive pages.

BlockWallet is not a compromise. It’s privacy-first, but it still packs all features you would expect from a wallet. With full Web 3.0 support, the wallet allows you to connect to any DApp.

Website | Twitter

SOURCE: MEDIUM

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The Piece Partnership with Lossless

xyla — Mon, 04 Jul 2022 16:44:39 +0000

The Piece Partnership with Lossless — to use Lossless as their security solution and is building their product on Fantom.

The Piece is an easy-to-use marketplace platform that democratizes ownership of high-value NFTs by lowering the barrier to entry by allowing fractional sales of NFTs. Each NFT on their site is divided into fragments that can be bought. These fragments are backed by the real NFT. You can trade the fragments until the majority of the holders decide that the real NFT should be sold. And now announcing The Piece Partnership with Lossless.

The next introduction of an NFT is decided by a voting process. The community can choose what will be featured next on the site. When you buy a fragment on The Piece’s website’s own marketplace, you get an NFT, which says how many fragments there are and which fragment out of how many you have.

The Piece Fragment System

Firstly, each NFT on their site is divided into fragments that can be bought. These fragments are backed by the real NFT.
Secondly, you can trade the fragments until the majority of the holders decide that the real NFT should be sold.
The next introduction of an NFT is decided by a voting process. The community can choose what will be featured next on the site. When you buy a fragment on their website’s own marketplace, you get an NFT, which says how many fragments there are an which fragment out of how many you have.
Furthermore, you can trade the fragments on their Website or any other secondary market that supports them.

About The Piece

An EU-based NFT marketplace will offer fractionalized blue-chip NFTs for people to invest in; for the first time, you’ll be able to own pieces of huge collections such as Bored Ape, CryptoPunk, and many more. Furthermore, The Piece aims to be the leading marketplace for fractional NFT investing, with grand plans for the future, possibly moving into fractionalizing a wider range of assets such as real estate.

Website | Twitter

About Lossless

Restoring trust in web3 security. Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.

Moreover, implements an additional layer of blockchain transaction security for ERC-20 standard tokens, mitigating the financial impact of smart contract exploits and private key theft. It is also utilizes community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions, providing real-time protection.

Website | Twitter

SOURCE

https://losslessdefi.medium.com/security-of-nft-project-currencies-lossless-x-the-piece-cd47f98bc8db

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Lossless x Chainsulting Partnership!

Peter Chijioke — Wed, 18 May 2022 17:28:47 +0000

Lossless is extremely delighted to announce its latest partner: Chainsulting, to shed light on security measures in DeFi.

One of the goals Lossless strive for is placing proper importance on security solutions in web3. It’s evident that their team alone cannot spread awareness throughout the entire industry, and this is precisely where partners come into play and why their ecosystem is expanding at a rapid pace.

Lossless have explained before that they aim for two types of partnerships:

Lossless protocol integrations into token smart contracts of soon to launch currencies;
Referrals, awareness spread, collaborations, and more.

Lossless partners are vital to ensuring that the industry goes hand in hand with crypto protection know-how. And they’re excited to introduce you to their newest security ecosystem member to help them achieve just that — Chainsulting!

Chainsulting is a German blockchain consulting and development company on the subject of Distributed Ledger Technology (DLT) & Digital Assets. They show ways, opportunities, risks and offer comprehensive solutions.

Chainsulting areas of expertise

Together with Chainsulting, Lossless will aim to refer projects to each other so that the latter would be informed properly about security measures in crypto and resources they can count on to help them develop the product, audit it, or be consulted about anything of importance to the project’s journey.

Welcome to Lossless!

About Chainsulting

Chainsulting is a consulting and development company, on the subject of Distributed Ledger Technology (DLT) & Digital Assets. Blockchain today provides an incredible amount of opportunities for enterprises. Chainsulting wants to give as many companies as possible the chance to participate.

Website | Twitter

About Lossless

Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from Lossless’ known cyber security solutions and renowned professionals, the community also plays a role.

Lossless protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Its solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.

Website | Twitter

SOURCE

https://losslesscash.medium.com/shedding-light-on-security-measures-in-defi-lossless-x-chainsulting-9ca47c15bd88

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IKONIC Forms Partnership With Lossless

Peter Chijioke — Wed, 04 May 2022 17:09:07 +0000

IKONIC are aware that even though the world of blockchain is the future, there are still some concerns, mainly with the ecosystem’s security. They have noticed that most of its members are wondering about the security features of IKONIC NFT Marketplace. And the NFT Marketplace will have,

Enhanced DDOS attack protection for their servers, traffic, and databases
IPFS storage for all NFTs
Smart Contract execution with signed transactions only
Thoroughly tested and vetted UI and back-end platform
Audited smart contracts
Redundant deployment to multiple Cloud Services including some with the most cutting edge technologies to provide failover and high availability in cases of censorship by states or partner enterprises

However even though they have these features ready for you, they know that security should be their number one priority and thus IKONIC have partnered with Lossless to provide new security measures for you.

In partnership with Lossless, IKONIC will add a new protocol. This feature will allow IKONIC to minimize the effects of fraudulent transactions since the Lossless Protocol freezes fraudulent transactions based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.

Lossless protocol is based on 3 pillars,

Urgent Freezing

Lossless API allows hack-spotting bots to detect and freeze fraudulent transactions, securing rewards for the bot’s creator.

Fraud Analysis

The Lossless Decision-Making Body views frozen transactions, assesses suspected fraudulent behavior and makes a decision to freeze the recipient’s address permanently.

Reversing Stolen Funds

The Decision-Making Body enacts a proposal for transaction reversal, and the code reverts stolen funds back to the owner’s address.

IKONIC CEO Sebastian Diaconu stated, “ We are extremely happy to bring this new security feature to our members. Through this partnership, IKONIC NFT Marketplace will be much more secure. As we get closer to our launch, we are aware that most projects suffer from security issues, we are happy that this will not be the case with IKONIC.”

About IKONIC

IKONIC is the world’s first Esports NFT marketplace. IKONIC aims to bring forth a revolution for gamers, and esports players by offering them the necessary tools to earn from their creations. By combining blockchain technology with state-of-the-art video editing software, IKONIC targets to create a new generation of Esports players that can own their moments.

Website | Twitter

About Lossless

Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from Lossless’ 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.

Twitter | Website

SOURCE

Medium

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KOLnet and Lossless Partnership

Peter Chijioke — Thu, 28 Apr 2022 07:39:57 +0000

KOLnet has announced partnership with Lossless, a cryptocurrency that freezes fraudulent transactions under fraud identification parameters and returns stolen funds to their owners.

KOLnet ensures that every strategic partner it collaborates with will strengthen its offerings, and widely showcase its potential to interested users, permitting a faster rate of adoption and success. But while PR boosts are important, KOLnet strike partnerships that have more to contribute than just hyped-up announcements. And how exciting it is to have found that in its newest partner Lossless!

Heightened DeFi Security is a Shared Goal of KOLnet’s

In essence, Lossless envisions a DeFi world where everyone can employ their money quickly with minimum risk. Without safe and accessible DeFi platforms, the wider adoption of mainstream DeFi cannot become possible unless every user is able to make transactions and operate worry-free. That’s why KOLnet warmly welcomes Lossless as one of its strategic partners since solving the DeFi security problem is something we see eye-to-eye with.

Aside from the fact that the precious funds of trusting investors are at stake, the reputational damage and loss of goodwill are catastrophic blows that KOLnet absolutely cannot afford as a marketing launchpad. Especially because we pride ourselves to be as transparent with our clients as possible with services such as Proof of Marketing, Ranking, and more. A great deal of KOLnet’s marketing technology is built around the trust of its projects, micro-KOLs, investors, and community. KOLnet believe that our job as a marketing platform doesn’t merely stop at bridging projects to micro-KOLs and vice versa; we are likewise the trustworthy stewards of their digital assets.

KOLnet x Lossless: Benefitting Both Ways

With Lossless to assist us in building a safer security system, KOLnet will be implementing their code to maximize user protection so everyone can rest assured that their funds are well-protected. This also serves as a promotion of the KOLnet ecosystem on our part as Lossless will also be growing awareness of KOLnets services to their existing and new clients.

In turn, Lossless will be able to benefit from this partnership as they promote all other IMO projects to follow suit in its implementation to maximize exposure against DeFi hacks and minimize fund losses for a better, safer crypto investing experience for all.

About Lossless

Lossless is the world’s first crypto hack mitigation tool that envisions a trusted and safe DeFi ecosystem with minimal to no losses from hacks, exploits, or social engineering.

Website | Twitter

About KOLnet

KOLnet is a Marketing Launchpad connecting projects to Micro KOLs by utilizing multichain token pools and Proof of Marketing. This is a new way to raise funds through target marketing in which investors providing value will be able to participate. KOLnet is decentralized marketing.

Website | Twitter

SOURCE

Medium

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Fluid Partners With Lossless

Eris — Wed, 27 Apr 2022 14:17:26 +0000

Fluid partners with Lossless to increase its cyber security and implement plenty of hack mitigation solutions.

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.

About Lossless

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.

Website | Twitter

About Fluid

FLUID is the ultra-low latency CeDeFi liquidity aggregator that uses AI quant-based models to tackle fragmented liquidity in virtual asset markets.

Website | Twitter

SOURCE:

FLUID BLOG

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