Welcome to Crypto Long & Short, our institutional newsletter. This week, we focus on the need to safeguard the individuals building DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of protecting these developers to ensure the long-term success of DeFi.
Meanwhile, Alexis Sirkia discusses the limitations of Ethereum's Layer 2 scaling strategy, arguing that it was designed to address the wrong problem. Additionally, we summarize the week's headlines and provide a chart of the week, highlighting Aave's market share decline following a smart contract exploit.