Lossless is thrilled to announce a new partnership with PolkaFoundry, one-stop production hub for DeFi & NFT Applications on Polkadot. Although up to this point, blockchain and DeFi have primarily been used to facilitate many aspects of life, applications of the technology can still go far beyond. Our partnership's objective is to support promising applications together and redefine the limits of blockchain.
How the Partnership Benefits Both of Our Communities
Lossless can get in touch with PolkaFoundry’s numerous partners and have them joining the Lossless ecosystem. Lossless can also promote or introduce projects to its partners’ network and services such as listing, auditing, capital raising. At the same time, Lossless partners can access a wide range of merits from the PolkaFoundry, including UX-enabling features, parachain scalability, and interoperability.
PolkaFoundry has established a wide network of partners in the blockchain world. Most of these partners have issued or plan to issue their tokens. Through the partnership with Lossless, PolkaFoundry can bring Lossless service to these partners. In this way, the teams will get the best instructional material and support to integrate the Lossless protocol into their tokens. As a result, not only the token creators can benefit, but the liquidity providers (LPs) or any investor involved with the respective tokens can also keep their money safe.
Thi Truong, PolkaFoundry Founder, and CEO states, “Partnership with Lossless will allow us to continue to scale and expand the PolkaFoundry network as well as adding more value for our customers and partners. Above all, this is about doing what we can right now to set people up for success in the long run. When working together, we can not only create a larger impact on the up-and-coming applications but also contribute more to the sustainability picture of the industry.”
Despite distinct business models and products, Lossless and PolkaFoundry are both striving to make crypto investing and Dapps development accessible as well as safe. Hence, through partnership, we look forward to escalating each other’s strengths and partly expanding the reach of blockchain technologies shortly.
About Lossless
Lossless is the world’s first DeFi hack mitigation tool for token creators. Through various methods of fraud identification, our protocol halts counterfeit transactions and automatically reverses any stolen tokens back to the original owner.
With our stake-based reward system, the community is encouraged to actively continue to explore ways to detect hackers and fake transactions. Our sleek and fluid dashboard interface also allows users to view transactions at a birds eye view.
To learn more about our project and join the community, follow us on our website and social media platforms below:
