Safeguarding DeFi Infrastructure Builders

Welcome to Crypto Long & Short, our institutional newsletter. This week, we explore the need to safeguard the people driving DeFi innovation. DeFi Education Fund's Jennifer Rosenthal discusses the importance of protecting DeFi infrastructure and the individuals building it, highlighting key policy objectives and recent legislative efforts such as the Promoting Innovation in Blockchain Development Act. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, analyzes Ethereum's scaling challenges, arguing that the rollup model is flawed and that state channels offer a more promising solution by enabling peer-to-peer transactions without intermediaries. The newsletter also features headlines and a chart of the week, including the impact of the rsETH exploit on Aave's market share.