You have asked for it, and we have delivered it.
The first iteration of our transaction monitoring dashboard — the Lossless DeFi Hack Explorer v1.0 — has just been released to our early adopters. Get accustomed to the look and feel! Many new exciting features will be implemented shortly.
Passive observers no more
In an industry where billions are stolen each year, we have all been passive observers for too long, allowing some of the worst financial atrocities to continue plaguing the DeFi industry. The release of the Lossless DeFi Hack Explorer is an opportunity for everyone to get involved in finding innovative ways to spot hacks and mitigate their impact.
Lossless hopes to foster a community motivated in laying down the foundations for a database of fraudulent crypto transactions, helping us safe-proof the emergent DeFi ecosystem. We anticipate that the Lossless DeFi Hack Explorer will become the hub of professional white hat hackers and crypto security enthusiasts, united in their pursuit to rid the DeFi industry of malicious actors.
A pilot is now publicly available. Right now it gives the look and feel of the hack-spotting platform and soon will start integrating the Lossless ecosystem tokens in it allowing the community to start reporting and freezing suspicious on-chain activity.
The Lossless project also has more exciting new features planned for the immediate future — including an in-house yield farm, lossless-wrapped token minter, automated hack reports, and much more. Stay tuned!
V2.0 is around the corner with increased functionality
- Spot Hacks — An intuitive transaction monitoring dashboard to spot potential hacks
- Design Bots — Bot friendly APIs for community-created hack-spotting bots
- Get Rewarded — A reward system that encourages efficiency and innovation
Next up — Decentralized Token Minter with LSS Security Parameters
We’re going to streamline the growth of the LSS ecosystem and are releasing our Token Minter in October. It will allow new and upcoming token projects to enjoy the limitless possibilities of a freshly minted token contract without fear of token loss.
With Lossless security parameters already integrated, any token community will rest assured that hack-related transactions will be spotted, frozen, and reversed, ensuring that no hacker ever profits from his exploits.
Our deployed smart contracts will be verified to ensure code integrity, security, and compliance with the Solidity Code Style guide, facilitating trust between counterparties.
All new tokens minted using the L-ERC20 Token Minter will comply with the ERC20 technical specification and will be compatible with any ERC20/BEP20 wallet.
Lossless is the world’s first DeFi hack mitigation tool for token creators. Our protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner.
With our stake-based reward system, the community is encouraged to actively explore ways to detect hackers and fraudulent transactions. Our sleek and fluid dashboard interface also allows users to view transactions at a bird’s-eye view.
To learn more about our project and join the community, follow us on our website and social media platforms below: