Vampire attacks can be aggressive new project launches or less genuine events where illegal actors target established project communities.

A vampire attack in crypto is when a new project – sometimes a fork of an established project – offers better incentives or rewards than the original. The main characteristics of a vampire attack include a new project that aims to outdo another project with quite similar features or a project aiming to steal competitors’ resources and customers who offer essential liquidity.

An attack mostly involves a decentralized finance (DeFi) protocol or decentralized application offering better rates for the same service than a close competitor. The attacks mostly involve mechanisms such as staking rewards, liquidity mining, or lower transaction fees to encourage users to switch from the original project to the new one.

A DeFi vampire attack might result in losing liquidity or even breaking an existing project. This new project

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