BLOCKCHAIN RESEARCH

What is a Vampire Attack in Crypto?

Well, actually a Vampire Attack is a method in DeFi where one protocol offers better rates than another protocol, stealing their customers and investors.

I believe most of our reader has had a girlfriend or a boyfriend at one point or another in their lives. The majority of crypto investors are men, I will continue the sampling with girlfriend. Let’s say, you just got a new girlfriend and for some reason, your best friend wants to take both of you out to dinner. Given he’s your friend you don’t see any harm. However, you notice while you’re at dinner that he is sending signals to your girlfriend and basically flirting with her. This is a metaphor for what SushiSwap did the Uniswap. They flirted with Uniswap’s liquidity providers but more on that in the rest of the article.

What was the infamous vampire attack?