Many new protocol and adoption developments have occurred in the Decentralized Finance (DeFi), ecosystem over the past week. A new DeFi chapter was added by the European Commission, demonstrating the impact of this emerging ecosystem. Meanwhile, a Virginia county wants its pension funds to be DeFi-retained.

Recent research has shown that DeFi protocol exploits have been the focus of renewed attention. DeFi protocols lost $1.6billion to exploits in the first quarter of 2022. Rari Fuze was able to escape with funds worth $80 million and received a $10 million bounty.

European Commission suggests that the DeFi regulatory approach needs to be rethought

Virginia county plans to invest pension funds in DeFi yield farming

Fei Protocol offers $10M bounty for Rari Fuze hackers to retrieve $80M loot

DeFi has already been exploited more than $1.6 million in 2022

Moonbirds, NFT market help reach $6.3B monthly volume of trading:

View the market for DeFi