Welcome to Crypto Long & Short, your institutional newsletter. This week, we explore two pivotal topics: the need to protect DeFi's infrastructure builders and an insightful critique of Ethereum's L2 strategy. Jennifer Rosenthal, Chief Communications Officer at the DeFi Education Fund, emphasizes the significance of shielding the people building DeFi. Meanwhile, Alexis Sirkia, Chairman and Co-founder of Yellow Network, discusses how Ethereum's scaling issue stems from a deeper problem - the movement of value between participants, rather than mere throughput.

The newsletter also touches upon recent market trends, regulatory discussions, and the evolving landscape of decentralized finance. Join us as we navigate the complexities of DeFi and its potential to reshape the financial system.