This week saw many developments in Decentralized Finance ecosystem (DeFi) from both an adoption standpoint and protocol development. 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.

DeFi vulnerabilities were the subject of much attention once again. Recent research revealed that DeFi protocols had lost $1.6 billion due to various exploits. 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 wants pension funds to go into DeFi yield agriculture

Fei Protocol offered Rari Fuze hacker $10M bounty to pay $80M in loot

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

Moonbirds and NFT Market Help to Reach $6.3B Monthly Trading Volume: Report

Overview of the DeFi Market