Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more
Cointelegraph
Published May 06, 2022 04:00PM ET
Updated May 08, 2022 06:20PM ET
The past week in the decentralized finance (DeFi) ecosystem saw many new developments from an adoption perspective and protocol developments. The European Commission added a new chapter on DeFi, showing the growing impact of the nascent ecosystem, while a county in the United States State of Virginia wants to put its pension fund in a DeFi yield.
DeFi exploits became the center of attention again as recent research shows that in the first two quarters of 2022, DeFi protocols have lost $1.6 billion to various exploits. Rari Fuze hacker, who got away with $80 million worth of funds, was offered a $10 million bounty.
h3 European Commission report suggests rethink of the regulatory approach to DeFi/h3 h3 Virginia county wants to put pension funds into DeFi yield farming/h3 h3 Rari Fuze hacker offered $10M bounty by Fei Protocol to return $80M loot/h3 h3 More than $1.6 billion exploited from DeFi so far in 2022/h3 h3 Solana and Moonbirds help NFT market reach $6.3B monthly trading volume: Report /h3 h3 DeFi market overview/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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