DeFi Index Project to Launch With Vampire Attack on Index Coop, Others

Posted on by American Coins & Gold

DeFi Index Project to Launch With Vampire Attack on Index Coop, Others
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 when a competitor to an incumbent protocol – often a fork of the “victim’s” code – offers superior incentives designed to entice users to move their deposits from one platform to another.In Enso’s case, the platform is taking aim at Index Coop, TokenSets, dHedge, PowerPool, PieDAO and Indexed Finance, which…