DeFi: March headlines

- DeFi sees its biggest hack in 2023 as Euler loses $197M: Euler Finance faced a flash loan attack on March 13, the attacker stole millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin (WBTC) (source)
- CFTC’s tech committee gathered in DC to talk DeFi: most of the participants agrees that they can "no longer ignore decentralization", and that its "benefits “far outweigh” the challenges, which they believe will “self-resolve”. Members unanimously voting for creating a Digital Assets and Blockchain Technology Subcommittee. (source)
- The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of DeFi: the department has reviewed decentralized finance’s role in such incidents as North Korean ransomware attacks, and will issue a risk assessment (source)
- DeFi TVL Reaches 2023 Highs as Lido Liquid Staking Expands Its Lead: given that stakers will be able to withdraw their Ethereum after the upcoming Shanghai upgrade, demand for Lido liquid staking is surging (source)
- DWF Labs Invests $20M in Derivatives Trading Platform Synthetix, Synthetix's perpetual futures product will be integrated into DWF Labs' trading business with the aim of boosting Synthetiix's trading volume (source)

#DeFi #March2023 #trends