Lossless provides a Web3 security architecture that utilizes the LERC-20 token standard for real-time monitoring and automatic freezing of suspicious transactions, protecting blockchain projects from malicious exploits. With over 3 billion transactions scanned and 2,000 contracts protected, Lossless enables timely recovery of stolen funds and minimizes financial loss for its users.
Funding
$2.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DMFounders
Product
Problem
Web3 projects are vulnerable to exploits, resulting in significant financial losses and a lack of trust in blockchain security. Traditional security measures often fail to detect and prevent malicious transactions in real-time.
Solution
Lossless offers a Web3 security architecture featuring the LERC-20 token standard, enabling real-time monitoring and automated freezing of suspicious transactions. The Lossless Protocol facilitates community-driven monitoring of on-chain activity, allowing for the freezing of malicious token transactions that are then subject to investigation. Lossless Aegis provides proactive threat monitoring and smart contract defense capabilities designed to prevent exploits before they occur. Fees are only charged when financial loss is prevented.
Target Audience
The primary target audience includes Web3 projects and their communities seeking to protect themselves from exploits and financial losses, as well as token creators and security enthusiasts.
Features
- LERC-20 token standard integration, compatible with ERC-20.
- Automated real-time freezing of suspicious transactions.
- Evidence-based resolution mechanism for efficient investigation.
- Tools for timely recovery of stolen funds.
- Customizable end-to-end solutions for exploit monitoring, prevention, and mitigation.
- Aegis platform for proactive threat monitoring and smart contract defense.