VeChain (Ve3,3) airdrop being exploited! Fantom developers team up to launch 0xDAO, planning anti-vampire attack.

Vampire attacks have once again become rampant in recent days, not only existing between protocols, but also targeting the overall TVL on the Fantom chain. As a result, the Fantom ecosystem has seen growth, with TVL surpassing Avalanche protocol to temporarily rank third, following only Ethereum and Terra.

ve3,3

Yearn founder Andre Cronje, referred to as AC, announced the upcoming Fantom project "Solidly" on Twitter earlier this month, which was previously known as "ve3,3." The tokens of Solidly will be distributed to the top 20 protocols based on TVL on the Fantom chain, sparking the imminent Vampire Wars.

veDAO WeVE

On 1/19, veDAO emerged with support from anonymous developers, stating that the sole purpose of veDAO is to reach the top 20 in TVL to receive the Solidly token airdrop.

veDAO has no seed rounds, private placements, pre-mining, or insider trading. The token details are as follows:

• Token: $WeVE
• Total supply: 1 billion tokens
• Team holds 10%: 100 million tokens
• Ecosystem reserve 5%: 50 million tokens
• Liquidity mining 85%: 850 million tokens
• Issuance schedule: 2,850,000 blocks (approximately 4 weeks)

veDAO's operations quickly accumulated $8.2 billion in liquidity, ranking third on Fantom, prompting major protocols to be vigilant. While the Solidly airdrop is intended to reward users for contributing liquidity, they are unsure of the purpose of veDAO, which has only been online for a day.

As a result, major protocols collaborated on a "counter vampire attack."

0xDAO OXD

0xDAO claims that veDAO's actions have impacted Fantom developers, community supporters, and users, posing a short-term arbitrage risk to the project. Their short-term value proposition has threatened ecosystem development.

Therefore, several protocols launched 0xDAO on 1/21, aiming to secure long-term value for the Fantom ecosystem, including:

• Scream SCREAM
• SpookySwap BOO
• Liquid Driver LQDR
• Hundred Finance HND
• Revenant Finance StakeSteak

The total supply of OXD tokens is 2 billion, with 100% of the tokens used for liquidity mining rewards, issuing 1,000 OXD per second, distributed over 23 days since launch.

The website also features a design for veDAO liquidity migration with one click, allowing OXD holders to vote on whether to sell the Solidly airdrop or allocate funds to holders.

The Solidly airdrop was completed on 1/23, and 0xDAO's vampire plan has elevated its TVL to second place on Fantom, while veDAO still maintains the fifth position.

Fantom ecosystem supporter Tuan Phan also analyzed the event, expressing optimism for the future potential of 0xDAO compared to veDAO, which is anonymous and solely focused on obtaining the Solidly airdrop.

While this event has temporarily concluded, the survival of 0xDAO, born out of the anti-vampire attack, will be an interesting phenomenon. Benefiting from this, Fantom's TVL has surpassed Avalanche and BSC, reaching the third position at $120.2 billion.