HomeGuidesAltcoin BuzzPREVENT DEFI HACKS ! Say NO to Rug Pull, Flash Loan Attack...

PREVENT DEFI HACKS ! Say NO to Rug Pull, Flash Loan Attack | Lossless

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Flash loan attack, rug pull, DeFi hacks, and DeFi frauds have been the center of attention in DeFi space in 2021. That’s because in 2020 alone DeFi faced over 122 major hacks in which over 3.8 Billion were stolen due to security flaws.

Lossless saw an opportunity here and is building the FIRST crypto hack mitigation tool. With just a piece of code attached to the tokens, Lossless enables fraud detection, freezing, and reversal of stolen funds 👀.

Many DeFi platforms and wallets have tried to build hack-proof solutions. However, none of the approaches have been successful to date. Will Lossless revolutionize DeFi security with its simplistic approach?

00:00 Intro
00:00:57 Tell us about Lossless and what is it trying to achieve in DeFi space?
00:01:24 What specific issues is Lossless trying to solve in the DeFi space?
00:02:22 How big is the total DeFi market for the Lossless protocol?
00:03:06 How is Lossless different in its approach to prevent flash loan attack, rug pull and other DeFi attacks?
00:05:35 Tell us more about the successful launch of the LERC20 token.
00:06:26 What is the utility of the Lossless (LSS) token?
00:07:22 Who are the community finders and how are they incentivized?
00:08:38 What major milestones are coming up for Lossless?

Want to know more about Lossless 👉 https://lossless.cash/

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