Metaverse-based social trading platform Enso Finance has publicized its plans to launch its platform by performing a vampire attack on six major crypto index projects.
A vampire attack is when a platform pulls users and liquidity from a competing platform by offering higher incentives for use. In 2020, SushiSwap performed a vampire attack that led to about $1.5 billion move from Uniswap to SushiSwap.
The Enso team announced that the attack would focus on Index Coop, Tokensets, PieDAO, dHEDGE, Powerpool, and Indexed. Each protocol offers crypto index products which aggregate the performance of a basket of assets in a particular niche, such as DeFi coins or NFT game tokens. Users will have to deposit index tokens from those indexes into Enso’s platform to earn an range of incentives. It aims to draw up to $1.05 billion in total value locked.
Enso is a social trading platform that will allow individuals, communities, or DAOs to create trading strategies or yield farm strategies. They will then be able to share their keys to a successful strategy on the platform.
