In Brief:
- Enso announced the Vampir attack on Six leading crypto Index on Dec 9.
- Enso will reward participants with ENSO tokens, NFTs and reimburse gas fees.
- Enso expects more than $1 billion in liquidity migration.
Social Trading platform, Enso Finance is going to launch “Vampire Attack” on Six Ethereum-based crypto index projects for three weeks from Dec 9.
In Cryptoverse, a Vampire attack is launched with the intention to lure users and liquidity from other competing platforms by offering higher incentives and benefits. In Past, Sushiswap launched the first Vampire Attack on the Uniswap platform and successfully transferred $1.5 billion liquidity from Uniswap to Sushiswap.
In this attack, Six crypto indexes will be victimized including Index Coop, Tokensets, PieDAO, dHEDGE, Powerpool, and Indexed. All these indexes offer different services through underlying assets such as DeFi tokens and NFT game tokens.
To be a part of this Vampire attack users must have to submit their tokens connected to these indexes on Enso’s platform to claim the incentive. The incentive will distribute through ENSO governance tokens and ENSO non-fungible tokens (NFT) for early adopters. Also, the company has announced compensation for Gas fees to users after task completion.
After three weeks, Enso will burn all the staked tokens and return them to users with wrapped versions of that index’s underlying assets. The company expects to get $1.05 Billion in liquidity migration in three weeks.
“Liquidity is the fuel that powers DeFi and it is the essence of Enso’s platform. We want to show the community just how innovative we are, and there’s no better way of doing so than incentivizing existing users to migrate.”
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