That's right - we'll be using @UMAprotocol with Wrapped Token tech.
19 Apr 2023, 19:40
That's right - we'll be using @UMAprotocol with Wrapped Token tech. 🚀
The latter will allow anyone wrap their ERC-20 tokens with $LSS security - implement our hack-mitigation protocol to retrieve stolen funds.
The protocol verifies reported hacks through a voting mechanism.🗳️
Same news in other sources
4
20 Apr 2023, 05:26
📢Reminder: @ArkenFinance's buy-back protection program for #IDIA & #vIDIA stakers will start on 20/04/2023, 4:00PM UTC - 27/04/2023, 3:59PM UTC.
With 90% downside protection, eligible participants can join in the program.
Learn more:
Reminder: @ArkenFinance's buy-back protection program for #IDIA & #vIDIA stakers will start on 20/04/2023, 4:00PM UTC - 27/04/20
📢Reminder: @ArkenFinance's buy-back protection program for #IDIA & #vIDIA stakers will start on 20/04/2023, 4:00PM UTC - 27/04/2023, 3:59PM UTC.
With 90% downside protection, eligible participants can join in the program.
Learn more: https://medium.com/impossiblefinance/impossible-x-arken-finance-buy-back-protection-program-c8831600ccbd
20 Apr 2023, 05:11
RT @jdshutt: The @losslessdefi team is doing incredible work on mitigating hacks and rescuing stolen funds. UMA's optimistic oracle can ver…
RT @jdshutt: The @losslessdefi team is doing incredible work on mitigating hacks and rescuing stolen funds.
RT @jdshutt: The @losslessdefi team is doing incredible work on mitigating hacks and rescuing stolen funds. UMA's optimistic oracle can ver…
20 Apr 2023, 05:09
That's right - we'll be using UMA protocol with Wrapped Token tech. 🚀
The latter will allow anyone wrap their ERC-20 tokens with Lossless security - implement our hack-mitigation protocol to retrieve stolen funds.
The protocol verifies reported hacks through a voting mechanism. 🗳
However, wrapped tokens, secured even by end-users, will not have a token's admin. That's where our community steps in. 🕵️
Through our Lossless DAO, community members will cast votes and we'll use UMA in this process. To verify reported incidents, the Security Committee, Lossless tech team, and the Token Creator would vote to confirm a report's legitimacy.
With wrapped tokens the third vote will become the Lossless community vote. 🔥
Wrapped Token tech audit is almost finished.
Report coming 🔜
Twitter thread 👉
Twitter | Telegram | Discord | Website | Whitepaper | Github
That's right - we'll be using UMA protocol with Wrapped Token tech.
That's right - we'll be using UMA protocol with Wrapped Token tech. 🚀
The latter will allow anyone wrap their ERC-20 tokens with Lossless security - implement our hack-mitigation protocol to retrieve stolen funds.
The protocol verifies reported hacks through a voting mechanism. 🗳
However, wrapped tokens, secured even by end-users, will not have a token's admin. That's where our community steps in. 🕵️
Through our Lossless DAO, community members will cast votes and we'll use UMA in this process. To verify reported incidents, the Security Committee, Lossless tech team, and the Token Creator would vote to confirm a report's legitimacy.
With wrapped tokens the third vote will become the Lossless community vote. 🔥
Wrapped Token tech audit is almost finished.
Report coming 🔜
Twitter thread 👉 https://twitter.com/losslessdefi/status/1648773689108844549?s=20
Twitter | Telegram | Discord | Website | Whitepaper | Github
20 Apr 2023, 05:09
That's right - we'll be using UMA protocol with Wrapped Token tech. 🚀
The latter will allow anyone wrap their ERC-20 tokens with Lossless security - implement our hack-mitigation protocol to retrieve stolen funds.
The protocol verifies reported hacks through a voting mechanism. 🗳
However, wrapped tokens, secured even by end-users, will not have a token's admin. That's where our community steps in. 🕵️
Through our Lossless DAO, community members will cast votes and we'll use UMA in this process. To verify reported incidents, the Security Committee, Lossless tech team, and the Token Creator would vote to confirm a report's legitimacy.
With wrapped tokens the third vote will become the Lossless community vote. 🔥
Wrapped Token tech audit is almost finished.
Report coming 🔜
Twitter thread 👉
Twitter | Telegram | Discord | Website | Whitepaper | Github
That's right - we'll be using UMA protocol with Wrapped Token tech.
That's right - we'll be using UMA protocol with Wrapped Token tech. 🚀
The latter will allow anyone wrap their ERC-20 tokens with Lossless security - implement our hack-mitigation protocol to retrieve stolen funds.
The protocol verifies reported hacks through a voting mechanism. 🗳
However, wrapped tokens, secured even by end-users, will not have a token's admin. That's where our community steps in. 🕵️
Through our Lossless DAO, community members will cast votes and we'll use UMA in this process. To verify reported incidents, the Security Committee, Lossless tech team, and the Token Creator would vote to confirm a report's legitimacy.
With wrapped tokens the third vote will become the Lossless community vote. 🔥
Wrapped Token tech audit is almost finished.
Report coming 🔜
Twitter thread 👉 https://twitter.com/losslessdefi/status/1648773689108844549?s=20
Twitter | Telegram | Discord | Website | Whitepaper | Github