What Is a VAMPIRE ATTACK? SUSHISWAP Saga Explained

So what is a vampire attack? And how was SushiSwap able to use a vampire attack to attract over $1B of liquidity in less than a week? You’ll find answers to these questions in this video.

On the 28th of August in the midst of new DeFi projects popping up pretty much every day, a new project called SushiSwap launched. The project quickly gained more and more traction in the DeFi community as it aimed at directly competing with Uniswap by forking the project and siphoning out liquidity with a process later called a vampire attack. The main goal of the project was to create a community-governed automated market maker and fairly distribute its token – SUSHI.

The concept of a vampire attack, although quite simple, is quite ingenious in its nature as it creates very strong incentives for liquidity providers to migrate their liquidity to a new platform. Let’s see what a vampire attack is all about.

🧪 Liquidity Pools ► https://youtu.be/cizLhxSKrAc
🌾 Yield Farming ► https://youtu.be/ClnnLI1SClA

📖 Post ► https://finematics.com/vampire-attack-sushiswap-explained
🐦 Follow Finematics on Twitter ► https://twitter.com/finematics
💛 Support Finematics on Patreon and join our Discord community ► https://www.patreon.com/finematics

(Visited 80 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

kusama
Kusama (KSM) 175,51 0,94%
compound-governance-token
Compound (COMP) 386,49 6,24%
dash
Dash (DASH) 133,72 0,15%
zcash
Zcash (ZEC) 98,06 0,76%
yearn-finance
yearn.finance (YFI) 27.262,02 0,63%
bitcoin
Bitcoin (BTC) 31.961,75 3,30%
ethereum
Ethereum (ETH) 2.210,92 0,13%
tether
Tether (USDT) 0,842851 0,46%
cardano
Cardano (ADA) 1,15 1,15%
xrp
XRP (XRP) 0,599484 1,58%
dogecoin
Dogecoin (DOGE) 0,165570 1,93%
polkadot
Polkadot (DOT) 15,48 1,10%
usd-coin
USD Coin (USDC) 0,842851 0,02%
uniswap
Uniswap (UNI) 19,20 1,52%
bitcoin-cash
Bitcoin Cash (BCH) 445,17 2,48%
chainlink
Chainlink (LINK) 19,44 5,46%
matic-network
Polygon (MATIC) 0,859708 2,86%
solana
Solana (SOL) 31,74 6,70%
litecoin
Litecoin (LTC) 116,30 2,60%
stellar
Stellar (XLM) 0,228806 1,76%
ethereum-classic
Ethereum Classic (ETC) 41,89 1,51%
eos
EOS (EOS) 3,38 1,86%
tron
TRON (TRX) 0,057268 1,84%
filecoin
Filecoin (FIL) 47,11 0,33%
aave
Aave (AAVE) 301,60 10,94%
monero
Monero (XMR) 203,93 4,24%
dai
Dai (DAI) 0,842851 0,29%
tezos
Tezos (XTZ) 2,65 1,42%
cosmos
Cosmos (ATOM) 10,70 0,51%
algorand
Algorand (ALGO) 0,697354 1,03%