Enso launched a “vampire attack” on six crypto index projects

Enso Finance, a social trading platform based on Metaverse, has announced plans to launch its platform on December 9 through a “vampire attack” on six major crypto index projects.

Vampire attacks refer to platforms that attract users and liquidity of competing platforms by providing higher incentives for use. September 2020, SushiSwap had a vampire attack This resulted in the transfer of approximately US$1.5 billion from Uniswap to SushiSwap.

Enso team Tweet On December 7, attacks will focus on Index Coop, Tokensets, PieDAO, dHEDGE, Powerpool, and Indexed. Each of these protocols provides crypto index products that aggregate the performance of a basket of assets in a specific niche, such as DeFi tokens or NFT game tokens. Users must deposit the index tokens in these indexes into Enso’s platform to receive a series of rewards. Its goal is to attract a total value lock (TVL) of up to $1.05 billion.

Enso is a social trading platform that allows individuals, communities or decentralized autonomous organizations (DAOs) to create trading strategies or income farm strategies. Then, they will be able to share the key to a successful strategy on the platform.

Enso will repay the gas fee, give ENSO governance tokens, and airdrop Enso non-fungible tokens (NFT) For early adopters.

After the user mortgages the migrated tokens on Enso for 3 weeks, Enso will destroy the original tokens and issue a packaged version of the underlying assets of the index.

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Enso co-founder Connor Howe is optimistic about the potential of this stunt.

“Liquidity is the fuel that powers DeFi and the essence of the Enso platform. We want to show the community our ability to innovate, and there is no better way to motivate existing users to migrate.”