New Partner on a New Chain: Lossless x OneRing
We’re celebrating Christmas early and sharing gifts with our community upfront. Earlier today we announced that we now support another chain next to ETH, BSC, Polygon, Harmony, and Avalanche. Chain no. 6 is Fantom! And as we teased everyone, a partnership will be announced on that very same chain.
If you’re a fan of Lord of the Rings, you will love this project once you lay your eyes on it. Allow us to introduce you to OneRing Finance — a multi-chain cross-stable yield optimizer platform, so forget about spending hours looking for the best farms out there. They will do it automatically for you.
OneRing’s team will be launching their token $RING in January and since now Lossless supports Fantom, they will be implementing our security protocol into their token’s code. As we said, partner after partner, chain after chain, we are expanding our factual coverage of DeFi and OneRing is a joint step into a new chain for us.
OneRing’s CMO, Robin, shared: “We’re very confident about building a very solid product, but since I’m an engineer, let me put it this way: I like my car with belt and airbag. Even if I trust the construction, there’s always a risk. We’re very pleased to offer our customers that belt and airbag for their investment through Lossless.”
And their CEO, Giuseppe, said that “Security is our priority and as such, it was only natural to partner with industry leaders like Lossless.” Every time we receive such feedback, our team is fired up to provide our security solutions to a wider range of projects.
Monika, CMO of Lossless added that “Launching support for a new, Fantom, chain and immediately securing a partner on that very same chain inspires us to move forward towards our roadmap goals. We’re very happy to have OneRing onboard and provide them with our security solutions so that our DeFi protection reach would grow further.”
Welcome to Lossless!
About One Ring
One Ring is the first multi-chain cross-stablecoin yield optimizer in the space. The goal of One Ring is to take away the complexity of DeFi 2.0 and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors, and such, One Ring aims to go right to the top and set new benchmarks for the upcoming DeFi 2.0 winter.
Follow them on Twitter! https://twitter.com/Onering_Finance
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.
Our protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Our solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.