Revolve Integration with Lossless Aegis
The Revolve team is focused on making it’s ecosystem as secure as possible as we’re becoming more aware of the vulnerabilities that users face inside the digital landscape of Web3. We’ve made it a priority to tie all loose ends and ensure a seamless, immersive and secure online experience for anyone who wants to plug into and explore the Revolve world.
To this effect, we’re thrilled to integrate Aegis — a Lossless tool designed to protect any smart contract & stay alerted of any suspicious activity before an exploit occurs. Lossless’s proactive Web3 protection against smart contract exploits aligns with Revolve’s strategy to declare security as our priority.
2022 was a big year for DeFi with many exploits across multiple protocols and platforms. As unpleasant as that was, it taught us a valuable lesson regarding applying adequate measures and taking pre-emptive steps in preventing any potential future exploits.
What does this integration mean for our users? Revolve Games will become more secure. Whether you will exploring and building your own world or staking your tokens, smart contracts are at the heart of every transaction and interaction in the Selestium Metaverse. Now, we’ll have the watchful eye of Aegis monitoring all of them, catching exploits before they do any damage.
Why We Chose Aegis?
Since the first quarter of 2021, Lossless has evaluated 80+ hacks that resulted in a total stolen value of $3.6 billion. With their combined knowledge, they’ve identified three distinct exploit patterns:
- Price Oracle Manipulations
- Private Key Hacks
- Bugs: Errors and loopholes in smart contracts
All mined block transactions are scanned and monitored by Aegis, using predictive analytics to keep an eye on spending habits and spot odd IP addresses.
Smart contract exploits can be stopped in their tracks with round-the-clock monitoring and an easy-to-use control panel for our staff.
With the increasing popularity of cryptocurrency, security vulnerabilities associated with blockchain’s lack of anonymity become more pressing. Lossless’ Aegis exists to make sure on-chain anonymity isn’t left in the dust.
We’re excited to be able to offer Revolve users a suite of sophisticated privacy features within the context of an immersive MMO game, thereby reducing barriers to entry and making privacy available to more people.
About Revolve Games
Revolve Games is redefining GameFi , with a play-to-earn blockchain gaming ecosystem where users earn staking rewards according to their in game performance. The Revolve gaming mechanics and token utility are delivered through the Revolve Games galactic metaverse.
Actionable assets in the ecosystem are tethered and representative of an RPG (the native token of Revolve) stake. Simply, these NFTs will need to be returned to the staking contract in order for players to withdraw the corresponding RPG staked. NFT staking contracts can also be bought and sold through the Revolve NFT marketplace. This model ensures that the value of NFTs is always contained within, and supports the value of the native token.
Website | Documentation | Telegram | Telegram Ann | Twitter | Discord | $RPG
About Lossless
Restoring trust in web3 security. Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.
Lossless protocol implements an additional layer of blockchain transaction security for ERC-20 standard tokens, mitigating the financial impact of smart contract exploits and private key theft. Lossless protocol utilizes community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions, providing real-time protection.
Twitter | Platform | Telegram | Discord | Website | Documentation | Github
