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But stablecoin issuers aren’t the only entities behind this silent vampire attack. Just as crypto has come to rely on a few centralized stablecoins, crypto firms have increasingly relied on a small number of banks for fiat services. Silvergate Bank and Signature Bank, which provide the lion’s share of banking
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On-chain crypto index fund builder Index Cooperative raised $2.25 million in funding as the decentralized autonomous organization (DAO) prepares to fend off another project’s “vampire attack.”Sequoia Capital India, Blockchain.com Ventures and White Star Capital participated in the funding round. It closed before news broke Tuesday that Enso Finance, a “social
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Metaverse-based social trading platform Enso Finance has announced its plans to launch its platform by performing a “vampire attack” on six major crypto index projects on Dec. 9.A vampire attack is when a platform entices users and liquidity from a competing platform by offering higher incentives for use. In September
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A new decentralized finance (DeFi) investment and index fund platform is celebrating its mainnet launch in macabre fashion.Enso Finance, a platform for building, sharing and trading index fund–style cryptocurrency portfolios, announced in a blog post plans for a vampire attack on six leading DeFi index platforms.Vampire attacks in DeFi occur
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While mostly mercenary, vampire attacks are occasionally justified as being ideological in nature. During the attack, Sushi proponents argued that a disproportionate percentage of Uniswap’s UNI tokens went to early venture capital investors, while Sushi distributed tokens more broadly to users – a system that better captures the open, permissionless
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The 1inch.exchange protocol, a platform that aggregates decentralized exchanges and provides its own automated market maker, is airdropping a new stash of its 1INCH tokens.The airdrop follows the initial generation of the new tokens on Christmas, which were distributed to past users of the aggregator. A common point of contention
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Uniswap challenger SushiSwap is continue to lose vital liquidity, with total value locked falling by 8% in the past 24 hours. Source
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Earlier this week, analysts with the cryptocurrency analysis firm Arcane Research were musing that new developments appeared to have slowed in the fast-growing blockchain arena of decentralized finance, known as DeFi. But they predicted that any lull was likely to be temporary. “A new boost for DeFi tokens could be right around
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