Polylastic and Forta Drive Innovation Through Open Collaboration

Polylastic
2 min readJul 24, 2023

Polylastic is thrilled to explore open collaborative opportunities with Forta, a decentralized security and operational monitoring network. Unleashing the combined strengths of both projects reveals a multitude of synergistic possibilities.

About Forta

Forta is a decentralized security and operational monitoring network that provides real-time detection of threats and anomalies in blockchain activity. It offers timely alerts to users, protocols, and investors, allowing them to quickly respond and mitigate risks. Forta’s network comprises independent node operators who scan transactions and block changes for outlier activity. Developers can leverage Forta to build detection bots and machine learning models for uncovering anomalous behavior across blockchains. With its use of smart contracts and the FORT utility and governance token, Forta ensures the security and governance of its platform. Overall, Forta enhances the security and integrity of the Web3 ecosystem.

About Polylastic

Polylastic is a digital asset index protocol that provides access to diversified crypto portfolios. The Polylastic Index consists of various baskets, including DeFi, blue chip, and gaming, designed to cater to different preferences and risk appetites. Assets within the indexes are carefully selected based on factors such as market capitalization, volume, and liquidity. Additionally, POLX token holders can actively participate in the community-governed index by voting on asset inclusion and other decisions. This inclusive approach ensures the Polylastic Index aligns with the preferences of its token holders.

Mutual Advantages

Polylastic and Forta’s synergies include security, expansion, and a focus on decentralization, to name a few. Through its decentralized network, Polylastic is able to utilize Forta’s technology to further enhance the security and resilience of the Polylastic ecosystem. Polylastic, known for offering top-notch indices in the market, is able to leverage Forta’s real-time monitoring capabilities and decentralized architecture to provide valuable insights and analysis on the security of various projects within its index offerings.

Additionally, Polylastic will integrate Forta’s native token, FORT, into the Polylastic Defi Index in the upcoming rebalancing period. This will allow the Polylastic community greater exposure to the growing decentralized security sector. With FORT’s inclusion in the index, the index holders now are indirectly participating in Forta’s governance and community proposals.

As the cryptocurrency landscape continues to evolve, Polylastic and Forta are poised to play vital roles in securing and advancing the future of decentralized finance and web3 applications.

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