Welcome to Crypto Long & Short, our institutional newsletter. This week, we explore the need to safeguard the individuals building DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, highlights the importance of protecting the people behind DeFi.

Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, analyzes Ethereum's L2 strategy, arguing that it is flawed due to a fundamental design issue. The newsletter also features expert insights, principled perspectives, and a chart of the week, focusing on Aave's market share slide after the rsETH exploit.