Tuesday, July 5

Enso Prepares “Vampire Attack” Against Six Cryptocurrency Index Projects By CoinTelegraph

© Reuters. Enso prepares a “vampire attack” against six cryptocurrency index projects

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).

Read the full article on Cointelegraph

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