Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more By Cointelegraph

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.

European Commission report suggests rethink of the regulatory approach to DeFi

Virginia county wants to put pension funds into DeFi yield farming

Rari Fuze hacker offered $10M bounty by Fei Protocol to return $80M loot

More than $1.6 billion exploited from DeFi so far in 2022

and Moonbirds help NFT market reach $6.3B monthly trading volume: Report

DeFi market overview