Revolutionary Web3 security and crypto protection

by Arthur · April 2, 2023

Web3 security and crypto protection have become important concerns for individuals and businesses in the rapidly evolving world of digital currencies and blockchain technology. With it, Aegis – an advanced Web3 threat monitoring system – wants to revolutionize the way it approaches crypto security.

Aegis illustrated in a nutshell

Aegis is an automated threat monitoring system with firewall-like features that can prevent smart contract exploits before they happen. Launched on July 28, 2022, Aegis has quickly gained recognition as a powerful tool to improve Web3 security and prevent cryptocurrency exploitation. By allowing users to add smart contract addresses to their watchlists, Aegis provides real-time alerts on potential threats, ensuring users are always one step ahead of malicious actors.

What sets Aegis apart from other security solutions on the market? The answer lies in its innovative approach to threat detection and prevention. Aegis leverages cutting-edge technology and advanced algorithms to identify and neutralize potential risks in seconds, providing unparalleled protection for smart contracts and digital assets. This proactive approach to Web3 security ensures that users can enjoy the benefits of decentralized finance (DeFi) without having to worry about the security of their investments.

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Note a rapid decline in TVL

The biggest victims of cryptocurrency hacking have arguably been DeFi protocols, which lost over $2.8 billion in 2022. Among the exploitation methods, smart contracts and bridging exploits were the most disturbing, causing various attacks on flash loans and market manipulation.

Aegis is here to solve this pressing problem by providing real-time monitoring and protection against smart contract exploitation and other malicious activities. Using advanced predictive analytics, real-time monitoring and an alert system, Aegis can identify suspicious transactions and addresses within seconds, allowing smart contract owners to take immediate action and prevent potential losses.

Harmony: A Case Study in Aegis Integration

Harmony, the creator of one of the first cross-chain bridges, which achieved a peak total value locked (TVL) of $750 million, partnered with Aegis to acquire its smart contract monitoring services. By deploying Aegis, Harmony showed it is taking the security of its bridge seriously after it was closed in June 2022 due to an exploit. Using its extensive security tools, Aegis will add an extra layer of security to the Horizon bridge to prevent hacks before they happen.

Why choose Aegis for your project”1″>Surveillance: Aegis provides users with a zero-configuration monitoring system that will keep track of smart contracts.

Analytics: Aegis uses predictive analytics to detect malicious patterns or threats and assigns a severity level to them.

Immediate alerts: Aegis sends real-time alerts via email, SMS, Slack and Telegram to facilitate quick action.

Custom event tracking: Aegis offers users tracking capabilities for specific events (ie ownership change)

Backtesting: Aegis offers the ability to go back in time and review past security breaches to mitigate future risks.

TVL tracking: Aegis offers a new feature that tracks an established limit and sends alerts when the limit is exceeded. This functionality is aimed at preventing dangers like the $100 million BNB Chain hack.

About Lossless Aegis

Lossless Aegis offers industry-leading threat monitoring and smart contract defense capabilities designed to prevent exploits before they happen.

To learn more about how Aegis can strengthen your security and deliver value from day one, visit or reach out via [email protected]

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