Deltahub Capital invests in Hackless
The Hackless platform aims to improve DeFi protocol security by providing a full set of monitoring tools, analytics, and security services. Hackless is a complicated and dependable toolset that improves the security of a DeFi protocol against hackers and malicious assaults.
The platform’s services are designed to help developers identify potential hack assaults and save money in the event that a protocol is hacked.
The platform incorporates security aspects to provide DeFi protocols with multi-faceted protection. Extensive ongoing monitoring capabilities, such as dynamic transaction analysis, mempool tracking, transaction and money flow analysis models, tools for secure funds transfers, and an alarm system, will significantly benefit DeFi protocol, making it a very useful tool with enormous growth potential, and thus a very wise opportunity for Deltahub to invest in.
Problems Facing De-Fi Protocols
Hackers are exploiting simple flaws in the basic code of DeFi-based gadgets, which is causing concern. The complex architecture and infrastructure of smart contracts and DeFi-compatible protocols has had little effect on the amount of attacks.
Hackless has established itself as the blockchain’s security gatekeeper. As a result, we try to figure out why there are so many assaults on DeFi projects, as well as expose some of the security flaws that plague the industry : -
- Probability of infrastructure layer exploitation — from well-known frontrunning to innovative ways.
- There is a lack of monitoring and analytics to prevent attacks.
- Early warnings for the under-attack mode are lacking.
- In the event of an under-attack scenario, funds are locked.
Issues to be resolved
The Hackless platform’s main purpose is to create a secure bridge between the Ethereum infrastructure layer and the DeFi protocol (or other EVM-compatible blockchains in the future).
The following measures are taken by Hackless to address the aforementioned issues.
It is meant to establish a secure infrastructure for preparing private transactions and mining.
Provide dynamic checking services to ensure that the mempool and incoming transactions are always monitored.
With a complicated methodology comprising continual monitoring, attack avoidance, and offering secure solutions for under-attack protocols, the Hackless platform seeks to become a security supplier for DeFi protocols.
Provide a secure method for moving funds away from the hacked DeFi protocol.
Provide analytics models for detecting fraudulent and harmful transactions so that the attack may be stopped before it starts.
Set up alert systems.
Continuous collaboration with auditing teams to combine security measures on both the smart contract and infrastructure sides.
Hackless Products
Hackless serves as a security platform that offers a variety of services to assure the complicated security of a protected protocol.
Safe Migrate
This is Hackless’ main application, and it allows users to migrate from a halted De-Fi account.
WatchDog
It contains ongoing services for reviewing and validating protocol transactions in order to detect fraudulent transactions and prevent an attack on a protocol using an in-time pause or migration transaction feature.
Conductor
It facilitates private transactions and ensures that the attacker is unable to identify countermeasures intended against the vulnerability, using a mining pool.
Use cases for HKLS tokens and their utility
By staking their HKLS tokens, any HKLS token holder may obtain the most value out of their investment. When a user stakes HKLS tokens, they are able to:
In the DAO, you will be given voting power.
Receive tokens from Hackless partners as an incentive.
Get access to the Hackless security services, which vastly improve the protection of all users’ cash outside of the Hackless ecosystem.
Hackless Social Channels
Website- https://hackless.io/
Telegram- https://t.me/hackless_io
Medium- https://medium.com/hackless
LinkedIn- https://www.linkedin.com/company/hacklessio/
Stay tuned for more updates through the DeltaHub Community Channels
Website | Twitter | Medium | Discord | Telegram | Rarible | Opensea |
About DeltaHub Community
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