Lossless Development Update: August Edition

Lossless
2 min readAug 9, 2022

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Another month — another development update. We’re sure you noticed from our feed that we’re #BUIDLing according to plan and informing you every step of the way. For those that like precise information in a single place, we write these development updates. So what happened in the past month on our tech side?

Aegis

  • As announced on the 28th of July, Aegis Private Beta has been launched. Think of it as testing grounds — we gave access to a small group of projects which were interested in using Aegis, and we are interested in their feedback. After collecting it, we will be able to make improvements to the incoming V1.
  • But we’re not stopping there — Aegis first batch of fixes and improvements are already finished after a thorough examination of how the tool is performing so far. Internal infrastructure improvements have also been made.
  • Our team has already started working on the next Aegis features:
    — Team access;
    — Product's design updates and improvements;
    — Internal refactorings to make web/backend more robust and more performant.

Below’s a quick reminder of what Aegis is and what it can do:

Here’s a detailed interview by our CBDO, Dominykas, with everything Aegis-related answered. And a reminder that this is our fifth product in a row that we’re building. We have already launched:

Thanks for following our journey while securing the future of web3. Stay tuned for more!

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.

Lossless protocol 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. Lossless protocol utilizes community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions, providing real-time protection.

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Lossless
Lossless

Written by Lossless

World’s first unrivalled exploit identification and mitigation tools, designed to foolproof web3 from malicious activity.