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Enso Finance to Bootstrap Liquidity as It Sets Up ‘Vampire Attack’ For Six Protocols -Breaking

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© Reuters. Enso Finance to Bootstrap Liquidity as It Sets Up ‘Vampire Attack’ For Six Protocols
  • Enso Finance announces its plan to leverage liquidity from the new platform.
  • It also plans to set up ‘Vampire Attack’ on six protocols.
  • Gas expenses will be paid early for migrators.
  • Users will be rewarded with Enso’s NFTs and native tokens.

Enso Finance, the DeFi platform for infrastructure, announces plans to boottrap liquidity using its platform. The platform will be accompanied by a vampire attack on six protocols. In detail, for each of the ‘Gen 1.0’ protocols Enso marks, an Enso Arcade section guiding users through the migration will be made available.

Enso’s team says its vampire attack strategy is similar to that of Sushi but in a more technically complex way as it’s not a fork of any of the protocols it’s targeting. This will allow Enso to show its versatility, which allows anyone to make custom sets or indices. It also demonstrates the technological capabilities that Enso has over older competitors.

Enso Finance, a DeFi new tool allows anybody to make permissionless trading strategies. You can also create social metastrategies using batch asset buying, yield mining, liquidity mining and restructuring flash swaps.

The community can replicate any other protocol strategy with Enso, and even add more features. Enso can’t rely on technology alone to build such an ecosystem. It also depends on community engagement. Enso seeks dedicated experts in passive indices, strategies, and liquidity bootstrapping to help it build its new ecosystem.

Further, it was confirmed by the team that six of its Vampire Attack targets are Token Sets and Index Coop. Starting from the day of Enso Arcade’s launch, users are going to be able to migrate their Strategies, Sets, and Indexes, or buy them through built-in exchange support with Sushi and UniV2/V3, following a few simple clicks.

To facilitate early adopters, Enso says it is going to compensate them for their gas expenses for migration by Enso after the scheduled ‘attack’ is completed. Not only that, users will be rewarded with Enso’s NFTs. Likewise, they will get Enso’s native tokens. Not to be overlooked, these tokens have hidden gems and can be claimed by users as soon as they start stakestaking or before the migration begins.

The migration’s duration is limited and does not have a public deadline. Particularly, there is a potential TVL of $1.05 Billion that could be migrated, but stakers may choose to add new assets.

Connor Howe (co-founder of Enso) calls upon existing users to migrate.

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. This is the first time anyone’s attempting to attack six protocols at once, so we’re very anxious to get started!

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