PolkaFoundry and Lossless Form a Partnership to Expand the Reach of Blockchain
PolkaFoundry and Lossless are joining forces to connect up-and-coming applications on the blockchain.
PolkaFoundry is thrilled to announce a new partnership with Lossless, a unique protocol designed to protect tokens from constant hacks and exploits. Although up to this point, blockchain and Defi have primarily been used to facilitate many aspects of life, applications of the technology can still go far beyond. Our partnership’s objective is to support promising applications together and redefine the limits of blockchain.
How the Partnership Benefits Both of Our Communities
PolkaFoundry has established an extensive network of partners in the blockchain world. Most of these partners have issued or plan to issue their tokens. Through the partnership with Lossless, PolkaFoundry can bring Lossless service to these partners. In this way, the teams will get the best instructional material and support to integrate the Lossless protocol into their tokens. As a result, not only the token creators can benefit, but the liquidity providers (LPs) or any investor involved with the respective tokens can also keep their money safe.
Lossless can get in touch with PolkaFoundry’s numerous partners and have them joining the Lossless ecosystem. Lossless can also promote or introduce projects to its partners’ network and services such as listing, auditing, capital raising. At the same time, Lossless partners can access a wide range of merits from the PolkaFoundry, including UX-enabling features, parachain scalability, and interoperability.
Thi Truong, PolkaFoundry Founder, and CEO states, “Partnership with Lossless will allow us to continue to scale and expand the PolkaFoundry network as well as adding more value for our customers and partners. Above all, this is about doing what we can right now to set people up for success in the long run. When working together, we can not only create a larger impact on the up-and-coming applications but also contribute more to the sustainability picture of the industry.”
“This particular partnership will enhance Lossless growth and presence in the market, helping to combat all possible hacks. Lossless is determined to equip with its safety features every single project coming through the PolkaFoundry ecosystem. Preventing all hacks, rug-pulls, and company exploits”, commented Dominykas A. van Otterlo, Lossless Co-Founder.
Despite distinct business models and products, PolkaFoundry and Lossless are both striving to make crypto investing and Dapps development accessible as well as safe. Hence, through partnership, we look forward to escalating each other’s strengths and partly expanding the reach of blockchain technologies shortly.
About Lossless
Lossless is the world’s first Defi hack mitigation tool for token creators. It aims to create a trusted and safe Defi ecosystem with minimized losses from hacks, exploits, or social engineering. Through various methods of fraud identification, the Lossless protocol halts counterfeit transactions and automatically reverses any stolen tokens back to the original owner. In addition, Lossless sleek and fluid dashboard interface allows users to view transactions at a bird’s eye view.
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About PolkaFoundry
PolkaFoundry is a platform for building borderless and frictionless Defi dApps on Polkadot. It aims to be the one-stop production hub for Defi dApps with all the necessary features, services, integrations, and tools for Defi experiments, innovations, and real-world solutions.
Taking advantage of Polkadot’s interoperability and scalability and integrating many Defi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as typical applications and bring dApps to the masses.
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