Lossless

The Decentralized Finance (DeFi) market grew rapidly in 2020: the true potential of blockchain technology and decentralized systems allows us to control our privacy and finances. People are interested in decentralized markets more and more every day, and this presents new opportunities and challenges.

According to the DeFi Pulse, the Total Value Locked (USD) in DeFi has been hitting all-time highs almost daily since the Q2 of 2020. This shows that people are starting to trust the DeFi structures that have been based on value-driven foundations: decentralization, immutability, and absence of overpowered third parties.

Uniswap, providing a decentralized Ethereum-based protocol that allows users to exchange ERC-20 tokens safely, has reached $4 billion in total value locked, surpassed 250,000 unique addresses, and supported over $100B worth of trades.

Several DeFi lending platforms - MakerDAO, Compound, Aave - enjoyed success, each locking north of $5B to date.

The DeFi market is still at its early stage, though, and there are many things to improve: security being the top priority.

Lossless is a leader in Web3 security architecture and exploit mitigation tools. By combining community-driven threat identification strategies with a unique stake-based reporting system, Lossless protocol efficiently tracks suspicious on-chain activity, freezing malicious transactions and recovering stolen funds.

Problem

Even though DeFi is proliferating, it is worth noticing that its technology, UX, accessibility, and security are still in early development stages. The constant hacking of core crypto platforms is hurting the crypto world. The latter is one of the core obstacles for a more comprehensive trust of the investor pool and adoption outside of the crypto world.

According to the research done by Atlas VPN, there have been more than 122 major hacks, and a total of $3.8B has been stolen in 2020 alone. As cryptocurrencies become regulated, going from a niche investment to a mainstream asset held by millions of consumers, banks are expected to take the plunge into the digital asset space. With big banks joining in, hackers will become more incentivized to attack than ever before.

Ethereum's smart contract Turing-completeness makes many DeFi projects prone to being exploited and hacked, resulting in investors' loss of funds.

Our Vision

A trusted and safe DeFi ecosystem with minimal to no losses from hacks, exploits, or social engineering.

As a team of experienced engineers, finance professionals, as well as DeFi experts and white-hat hackers, we are dedicated to making crypto investing accessible and safe. Together we’re building a new protocol for reliable DeFi investment and development to support blockchain technologies' growth. At Lossless, we aim to create a place where everyone could employ their money quickly with minimum risk. With a safer environment for everyone, we are aiming to increase the adoption of DeFi markets.