Welcome to Crypto Long & Short, your institutional newsletter. This week, we're focusing on two crucial topics: the need to protect DeFi's builders and the limitations of Ethereum's L2 approach.
Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of shielding the people behind DeFi infrastructure. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, argues that Ethereum's scaling issues stem from a flawed design, rather than a throughput problem. To address this, Sirkia suggests adopting state channels, which enable peer-to-peer transactions without intermediaries. Our newsletter also features the latest headlines, including the impact of smart contract exploits on the market, as well as a chart highlighting Aave's declining market share following the rsETH exploit.