Wool Purple Rug 2' X 2' Modern Hand Knotted Scandinavian Solid Small Carpet

The rug was fantastic for the first few weeks, but has now begun to shed extensively. Keeping it because I had such a hard time finding a rug this size and don't want the hassle of trying to ship it back. However, I'm worried about how it will wear over time. In the picture, the fabric that has come from the rug as well as the center of the rug is faded from the shedding.
Separately, a regular rug pad did not work with this. I almost fell multiple times even after placing a standard rug pad underneath. I had to purchase rug adhesive pads from Amazon that adhere to the bottom of the rug and the floor to hold the rug in place and prevent it from sliding around (and me subsequently falling).