The metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by carrying out a “vampire attack” on six major cryptocurrency index projects on December 9.
- Decentralized Exchange Aggregators’ Trading Volumes Hit New All-Time Highs
A vampire attack is when a platform attracts users and the liquidity of a competing platform by offering greater incentives for its use. In September 2020, SushiSwap carried out a vampire attack, causing an estimated $ 1.5 billion to go from SushiSwap.
- SiennaSwap Adds Y Trading Pairs in a Privacy Boost on DeFi
Enso’s team tweeted on December 7 that the attack would target Index Coop, Tokensets, PieDAO, dHEDGE, Powerpool, and Indexed. Each of these protocols offers cryptocurrency index products that aggregate the performance of a basket of assets in a particular niche, such as DeFi coins or NFT gaming tokens. Users will have to deposit tokens of those indices on the Enso platform to earn a series of incentives. Its goal is to attract up to $ 1.05 billion in total locked value (TVL).
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.