FLUID PARTNERS WITH LOSSLESS TO BRING STATE-OF-THE ART DEFI SECURITY AND HACK MITIGATION CAPABILITIES
FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has announced it will integrate the LERC20 standard of Lossless to power its $FLD token with hack mitigation capabilities of detecting fraud, freezing fraudulent transactions, and reversing stolen funds.
“Securing digital assets is a major challenge for the industry and an even greater barrier for institutional adoption of virtual assets. As the liquidity aggregator of the future, it is fundamental that FLUID provides access to deep liquidity in a secure framework. Our partnership with Lossless, which is the first DeFi hack mitigation tool, adds an additional layer of security that conforms to the highest standards in place currently,” said Shah Sheikh, Chief Information Security Officer, FLUID.
The announcement comes amidst a growing number of cyber-attacks and crypto-hacks in the digital assets industry recently. FLUID’s partnership with Lossless will provide retail and institutional investors a secure platform and enhanced opportunities in the DeFi market, given that the current total value locked (TVL) across the ecosystem is nearing $215 billion, according to DefiLlama.
FLUID is a game-changer for the virtual assets industry in liquidity aggregation and provides high throughput, ultra-low latency and costs, and zero counterparty risk through AI quant-based solutions. By integrating the LERC20 protocol, FLUID will enhance security across spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings.
“We’re excited to welcome FLUID to our security ecosystem of protected tokens. With hacks happening one after another in DeFi and the industry losing billions of dollars, we hope to provide our solutions to a much wider number of crypto projects. Crypto asset security which used to be unavailable is now an option to many,“ said Vygandas Masilionis, CEO, Lossless.
Dubai-based FLUID is working towards creating the liquidity aggregator of the future and aims to build on the most effective blockchain technologies. It recently announced it would integrate with Polygon as its primary DeFi chain, providing $FLD token-holders access to ultra-low latency and ultra-low transaction fees. The partnership with Lossless is expected to propel demand for FLUID’s solutions as retail and institutional investors look at enhanced security for investments within the DeFi space.
For more details, please visit t.me/FLUID_liquidity.
