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Vampire attack, explained With Halloween approaching, it’s the perfect time to delve into the concept of a “vampire attack” — but not the kind with fangs! In decentralized finance (DeFi), a vampire attack refers to a tactic where one protocol entices users away from a competing platform by offering more appealing incentives, effectively “siphoning” liquidity from the original platform. Common targets include automated market makers (AMMs), decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces and yield farming platforms. A notable instance of this occurred between SushiSwap and…

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