Here at Lossless, we cannot hold back our excitement. We’ve just signed a very promising partnership with the Ferrum Network, a well-known DeFi ecosystem that specializes in white-label blockchain solutions. As part of our exclusive new agreement, Ferrum Network plans to encourage Ferrum Advisory Services’ incubated projects to implement our Lossless code, thus substantially increasing the safety measures within their ecosystem.
By casting a wide net, we are forming partnerships with some of the most important names in the DeFi industry and hope to expand into new terrains. Since token security is one of the main considerations for investors, we help our partners and their communities to prevent fraudulent transactions and rug pulls by temporarily freezing funds until suspect cases are investigated more thoroughly.
This partnership is also indicative of a broader reorientation within the DeFi industry, which places a higher value on a more mature and responsible attitude towards transaction security. With the number of exploits and lost funds on the rise, this trend is to be welcomed.
About Ferrum Network:
Ferrum Network is a deflationary cross-chain Blockchain as a Service DeFi company that specializes in adding token utility and advisory services to projects across the crypto space.
Ferrum builds white-label blockchain solutions that empower startups and established organizations, enabling them to get their core products to market faster.
Lossless is the world’s first DeFi hack mitigation tool for token creators. Our protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner.