🧛🏻‍♂️ Exclusive: Enso Finance Plans Vampire Attack on Six Major Index Projects

Hello Defiers! Here’s what we are covering today, News Exclusive: Enso Finance Plans Vampire Attack on Six Major Index Projects Powerful International Bank Body Urges ‘Systemic Regulation’ of DeFi New NFTs Will Let Virtual Museum Show Art Across the Me...

Hello Defiers! Here’s what we are covering today,




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Exclusive: Vampire Attacks

🧛🏻‍♂️ Enso Finance Plans Vampire Attack on Six Major Index Projects

TEASER VIDEO Enso Finance, a social trading platform, is planning a vampire attack on six major index products in the crypto space. Enso’s intended victims are Index Coop, Tokensets, PieDAO, dHEDGE, Powerpool, and Indexed. The attack will begin on Dec. 9, according to a teaser video released on the protocol’s Twitter.

ICONIC MOMENT There’s $1.2B worth of index tokens which users could potentially migrate, Connor Howe, Enso’s co-founder, told The Defiant. That’s almost reaching the $1.51B SushiSwap’s automated market maker (AMM) attracted during its Sep. 2020 vampire attack, which would turn out to be perhaps DeFi’s most iconic moment.

MARKET STRATEGY Indeed, Howe said he and his co-founder were inspired by the SushiSwap attack, saying it’s a great go-to market strategy which will allow Enso to demonstrate its technology, reward early adopters, and even show off some visual flair.


A diagram of the attack.


DeFi Regulation

🏛 Powerful International Bank Body Urges ‘Systemic Regulation’ of DeFi

NEWS Calling DeFi’s decentralization “an illusion,” the Bank for International Settlements (BIS) urged policymakers worldwide to apply “systemic regulation” of the rapidly growing industry and the broader non-bank financial sector.

SMART CONTRACTS In its quarterly review released on Dec. 6, the BIS said non-bank financial intermediaries (NBFIs) offer “a broad range of investment and funding opportunities” that differ from those provided by legacy financial firms. NBFIs include DeFi protocols, open-ended bond markets, and private markets. The BIS describes DeFi as “finance activity based on automated smart contracts on distributed technologies, involving mainly permissionless mechanisms and anonymous transactions.”

MARKET STRESS BIS says the “massive” growth of NBFIs since the 2008 global financial crisis “represents a long-term structural trend” and warns that NBFIs may “affect how monetary policy is transmitted to the economy [and] implemented on a day-to-day basis,” in addition to “amplify[ing] market stress.”


Metaverse NFTs

🖼 New NFTs Will Let Virtual Museum Show Art Across the Metaverse

MANY UNIVERSES The metaverse is vast, but it’s not yet interoperable. A new series of NFTs dropping early next year could bridge its many universes, at least for art curators. The Museum of Crypto Art (MOCA) has a plan to show artwork in as many corners of the metaverse as it can.

DIGITAL ART The nice thing about digital art is the fact that it can be very widely seen, and MOCA is creating exhibition spaces that can be easily copied into each corner of the metaverse, like Somnium, Decentraland, Cryptovoxels and, maybe, one day, whatever the company formerly known as Facebook is making.

EXHIBITIONS “We are not providing a virtual world,” Reneil, MOCA’s technology director, told The Defiant in an interview. “We assume lots of virtual worlds come up. We want to be there, we want to be available with open APIs so all these worlds can feed their world with content, with art exhibitions right from the start.”


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The Tube

📺 First Look: Interoperability the way it should be? LayerZero certainly thinks so


🔗 Australia Set for Massive Shakeup to Crypto Regulations: Treasurer: CoinDesk

The government of Australia will announce the biggest reform in payment systems in 25 years, including crypto, on Wednesday, Treasurer Josh Frydenberg said.

🔗 Ubisoft Becomes First Major Gaming Company to Launch In-Game NFTs: Decrypt

Ubisoft was the first major video game publisher to take an interest in the blockchain space, experimenting with crypto game prototypes and supporting startups over the last few years.

🔗 Bitcoin’s weekend tumble hints at Wall Street traders’ growing sway: The Financial Times

Bitcoin’s rocky weekend marked one of the first times a storm in traditional financial assets triggered big waves in cryptocurrencies, underscoring how large investors are playing an increasing role in digital asset markets.

🔗 How to stake ETH: Bankless

The deployment of the beacon chain last year was a foundational milestone in Ethereum’s roadmap. Holders…you now have the ability to stake your ETH!

🔗 Introducing the Foundry Ethereum development toolbox: Paradigm

You should use Foundry’s tools, forge and cast, if you want the fastest & most flexible Ethereum development environment which works out of the box without configuration or third party libraries.


OnChainMonkey @OnChainMonkeyHi @OnChainMonkey! @KiteVC will be headlining @RaoulGMI’s conference in Las Vegas on Dec 9 at 6pm PT. You can buy a virtual pass for $129 to listen in or check out our Discord! https://t.co/bnpsqDaggy


Real Vision @RealVision🔥 @KiteVC #VegasTakeover 🚀 Learn more 👉 https://t.co/hb3FZlqwsR https://t.co/wS90wk5E367:02 PM ∙ Dec 7, 202176Likes18Retweets


Decentraland @decentralandWhat are some cool places you've explored in the #metaverse? Drop some photos below! This scene is located in Soho Plaza -92,-4 play.decentraland.org/?island=I3lcyy…


6:10 PM ∙ Dec 7, 2021642Likes87Retweets

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🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

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The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr).