🧛♂️ “Vampire attacks” in DeFi — what’s that all about?
No, this isn’t about blood. In crypto, vampires are new projects that pull liquidity and users away from big platforms by offering juicy rewards.
How it works:
1. A new project targets a popular platform 🔍
2. Offers users freebies — airdrops, higher yields, lower fees
3. Launches aggressive marketing
4. Users switch, and the new platform’s volume skyrockets
Why it matters:
• New platforms grow fast but often fade once the rewards stop
• Established platforms lose users but usually bounce back with better offers or new tokens
• Users win with bonuses, but need to watch out for risks and sustainability
My take:
⚡ You can profit from these attacks — if you know when to get in and when to get out.
⚡ Don’t fall in love with a project just because of free tokens. Look at real value.
⚡ The more “vampire attacks” we see, the faster the market evolves. In the end, the winners are the ones who use their head — not just those chasing quick freebies.
