Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.
Lossless Protocol allows hack detection, malicious transaction freezing, and the return of stolen funds to the true owners. The $LSS token enables you to participate in the Lossless hack spotting process and earn rewards. Those who hold $LSS tokens have the right to stake and therefore freeze fraudulent transactions, which will be investigated and evaluated whether it was a hack.
Lossless was founded in Q1 of 2021 by a team of blockchain, cyber-security, fin-tech, DeFi, and cryptocurrency experts.
The Lossless team aims to prevent and revert all upcoming hacks within the DeFi space, making it a safe industry for it to grow further.