Welcome to Finance Redefined, your weekly dose of important decentralized finance (DeFi) insights — a publication crafted to carry you important developments during the last week.

For DeFi, the final week of 2022 noticed one other slew of exploits, insider job accusations and exit rip-off drama. It began on Christmas, when Defrost Finance, a decentralized leveraged buying and selling platform on the blockchain, was exploited by a DeFi flash mortgage assault inflicting $12 million in losses.