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.
The DeFi tokens also made a bullish comeback toward the end of the past week. However, the overall weekly performance remained in the red.
European Commission report suggests rethink of the regulatory approach to DeFi
Analysts from the European Commission showed an unexpected understanding of how DeFi functions, having defined it as something different from the traditional financial system and acknowledging that it would require rethinking the approach to regulation.
On Monday, crypto venture adviser at Presight Capital and a long-term expert on European regulation Patrick Hansen shared some crucial details from the European Commission’s “European Financial Stability and Integration Review 2022.” The report, dated April 7, contains a 12-page chapter on DeFi, in which the authors demonstrate a sensible approach to the topic.
Virdžinijos apygarda nori investuoti pensijų fondus į DeFi pelno auginimą
The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over deeper involvement with the DeFi yield farming.
The Fairfax County Police Pension System’s chief investment officer Katherine Molnar said on Tuesday at the Milken Institute Global Conference that the system aims to fund two new crypto-focused hedge fund managers in the next three weeks. The next few days will see a decision made, which, if approved, would be the first time pension fund money was used in DeFi.
Rari Fuze įsilaužėlis pagal Fei protokolą pasiūlė 10 mln. USD, kad grąžintų 80 mln.
DeFi platform Fei Protocol offered a $10 million bounty to hackers in an attempt to negotiate and retrieve a major chunk of the stolen funds from various Rari Fuse pools worth $79,348,385.61 — nearly $80 million.
On Saturday, Fei Protocol informed its investors about an exploit across numerous Rari Capital Fuse pools while requesting the hackers to return the stolen funds against a $10 million bounty and a “no questions asked” commitment.
Iki šiol 1.6 m. iš DeFi buvo išnaudota daugiau nei 2022 milijardo dolerių
DeFi space has been rife with hacks, exploits and scams so far this year, with over $1.6 billion in crypto stolen from users, surpassing the total amount stolen in 2020 and 2021 combined.
Analysis from blockchain security firm CertiK revealed the statistics on Monday showing the month of March having the most value stolen at $719.2 million, over $200 million more than what was stolen in all of 2020. The March figure is largely due to the Ronino tilto išnaudojimas where attackers made off with over $600 million worth of crypto.
„Solana“ ir „Moonbirds“ padeda NFT rinkai pasiekti 6.3 mlrd. USD mėnesinės prekybos apimtį: ataskaita
According to the monthly DappRadar report, the NFT market recorded a multi-month trading volume high of $6.3 billion, surging by 23% from March, breaching the $6 billion mark only for the third time in its history.
Moonbirds contributed half a billion worth of trading volume while Solana blockchain recorded nearly $300 million in NFT trades with a 91% month-on-month increase.
DeFi rinkos apžvalga
Analytical data reveals that DeFi’s total value locked remained in a similar range to last week with $123 billion, despite a bullish surge toward the end of the week. Data from „Cointelegraph Markets Pro“ ir „TradingView“ atskleidžia, kad 100 geriausių DeFi žetonų pagal rinkos kapitalizaciją užregistruoti savaitę, kupiną nepastovių kainų pokyčių ir nuolatinio kritimo.
Majority of the DeFi tokens in the top-100 ranking by turned green on the daily chart, but their weekly performance remained bearish, barring the Curve DAO Token (CRV) that surged by 4% over the past week.
Dėkojame, kad perskaitėte mūsų šios savaitės įtakingiausių „DeFi“ įvykių santrauką. Kitą penktadienį vėl prisijunkite prie mūsų, kad gautumėte daugiau istorijų, įžvalgų ir švietimo šioje dinamiškai besivystančioje erdvėje.
Source: https://cointelegraph.com/news/finance-redefined-defi-protocols-lost-1-6b-eu-to-rethink-defi-approach-and-more