The first DeFi hack mitigation tool for token creators.

Lossless Protocol freezes fraudulent transactions based on a set of fraud identification parameters and returns stolen funds back to the owner’s account.

What it does

Our code detects fraud, freezes and reverses stolen funds.

Token creators insert Lossless code into their protocol to mitigate the losses suffered from exploits & hacks.

Urgent freezing

Lossless API allows hack-spotting bots to detect and freeze fraudulent transactions, securing rewards for the bot’s creator.

Fraud analysis

The Lossless committee overviews frozen transactions, validates fraud and makes a decision to freeze the receipt address permanently.

Reversing stolen funds

The committee enacts a proposal for transaction reversal, and the code reverts stolen funds back to the owner’s address.

How it works

Two levels of loss mitigation.

Rapid Response

A community of white hat hackers build hack-spotting bots, scan transactions and freeze hacks using the Lossless dashboard.

Lossless Decision Making Body

The affected token’s creator, the Lossless committee and independent third-party auditors validate a hack and take action to revert stolen funds back to their rightful owners.

Technical Architecture

How we mitigate hacks.

Our stake-based reward system incentivizes the community to develop increasingly efficient hack-spotting mechanisms - the spotter who took action first gets the reward.

Hack-freezing Dashboard

Designed by the
minds behind Wix.

Transparent reward system

Guarantees high levels of participation and innovation

Intuitive dashboard

An intuitive dashboard gives access to perform manual transaction overview.

Timeline

Roadmap 2021-2022

Q4.
  • ETH and BSC support

  • Public Security Audit

  • Vault Protection

Q1.
  • Lossless Hack Monitoring SDK

  • Lossless Core Protocol launch

  • Lossless Platform Updates

Q2.
  • Lossless Token Minter updates

  • Wrapped Major ERC-20 Tokens With Lossless Code (L-BTC; L-ETH)

Lossless team

Project Lead
Vygandas Masilionis

Monetha, BTC-exchange

Technology Lead
Domantas Pelaitis

Syntropy, Lympo, Cryptodus

Business Development Lead
Dominykas van Otterlo

ConnectPay, ExMarkets, CoinStruction

Marketing Lead
Monika Poškutė

Eskimi, Brokoli Network

UI/UX Design
Gintaras Elmonas

Wix, Flair Digital

Technology
Ignacio Freire

Accenture, DXC, SMS Latinoamerica

Technology
Francisco Roca

Dimática Software Development, Lionbridge, NEORIS

Our advisors

Hassan (Hatu) Sheikh

DAO Maker

Christoph Zaknun

DAO Maker

Jogundas Armaitis

Oxipit, Lithuania.ai

Julien Bouteloup

Curve Finance, Rekt.news

Meet our Partners

DAO Maker
Master Ventures
x21
Magnus Capital
Hacken
Bounce
Paid
Poolz Ventures
Cyberfi
Lavax
Uno re
Polka foundry
Newscrypto

Prevent hackers from compromising the safety of your DeFi protocol.

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