Welcome to Financial Refined, your weekly insight into the most basic decentralized accounting (Defi)-a newsletter that provides you with key trends over the past week.

In the past week, the Defi ecosystem has once again become a good place for exploiters, as the loan agreement Euler Finance became the victim of a flash chip borrowing attack, resulting in a net loss of more than $196 million-the biggest hacking since 2023.

Apart from the Euler White Cat financial incident, the peg of the US dollar to the US dollar was the most important thing in Jinri Toutiao last week. Investors stuffed USDC into his bags because of the bankruptcy of Silicon Valley Bank, while assets have been lost from centralized trading centers (CEX) and decentralized trading centers (DEX).

MakerDAO has made a contingency proposal to increase its holdings of u.s. debt by 150%, in an effort to diversify its DAI (DAI) stable bond collateral open.

MetaMASK introduced features and enhanced manipulation to prevent privacy disclosure. The feature allows the user to manage what the web server can accept his IP address.

The Defi sales market has experienced another rising week, mainly due to a growing positive attitude towards wider access to the password market at a time when there is a major bank run abroad. Last week, most of the top 100 Defi tokens achieved double-digit gains, and many tokens set new records for months.

Euler Finance was hacked into more than $195 million in the lightning loan attack.

On March 13th, the unmanaged loan agreement Euler Finance with Taifang as the core faced the attack of lightning loans. The cyber attack stole millions of dollars from USDC's DAI, bet on Steth, and packaged BTC (WBTC).

According to On-Chain data, as of the latest upgrade, the exploiters had bought and sold several times, stealing nearly $197 million. The siege is related to the deflationary siege a month ago. Cyber attacks use multi-chain wireless bridges to transfer funds from BNB Smart Chain to Etherum.

Keep reading.

After the bankruptcy of Silicon Valley Bank of the United States, the login password user was changed to DEX and loaded into USDC.

Capital outflows from CEX to DEX soared to more than $300m an hour on March 11, shortly after California regulators shut down SVB, according to Chainanalysis.

A similar situation occurred when the cryptocurrency exchange FTX went bankrupt last year, when there were fears that the COVID-19 epidemic might flow to other data encryption companies. However, the terminal data from the blockchain technology data analysis platform Token shows that in both cases, the sharp increase in daily trading volume of large and medium-sized DEX is temporary.

Keep reading.

According to the proposal of the US Treasury to increase the investment of 750 million US dollars, MakerDAO

On March 16th MakerDAO, a long-term stable bond publisher, approved a proposal to increase its asset allocation of US debt from $500m to $1.25 billion, an increase of 150%.

The proposal aims to improve the openness of the agreement to real-world assets and "high-quality bonds", which previously lost its $1 peg to the dollar during market changes on March 11th. The $750 million debt ceiling rise won 77% of the Maker meaning permissible.

Keep reading.

MetaMASK handles privacy leaks based on new features of improved manipulation

Web3 wallet app MetaMask launched several features to enhance privacy and give users a lot of control, according to an online article on March 14. MetaMASK launched this feature after it was accused of invading users' privacy.

Previously, every time a user set up a wallet for the first time, MetaMask used its InFura RPC connection point to automatically connect to Etherum. According to a report from Chase Wright, the Etherum connection point network operator, although users can change their settings later, this still means that the user's community address has been sent to InFura before they can change the connection point.

Keep reading.

Brief introduction of DEFI sales Market

Dissecting data show that the total market capitalization of Defi has soared to $48 billion in the past week. The top 100 tokens in Defi's total market capitalization have mainly risen this week, with the exception of a few, most tokens are traded in dark green, according to Cointelegraph Markets Pro and TradingView.

We'll see you next week for a summary of the most influential Defi trends this week. Join us next Friday to get more short stories and opinion education in such a dynamic growth space.