Safeguarding DeFi Infrastructure Builders

Welcome to our institutional newsletter. This week, we delve into the need to safeguard the people behind DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of protecting these individuals, highlighting a recent bipartisan bill aimed at clarifying regulations for software developers. Meanwhile, Alexis Sirkia critiques Ethereum's Layer 2 strategy, arguing that it fails to address the true constraint of value movement between participants, and instead proposes state channels as a more viable solution. We also examine the impact of recent smart contract exploits on the market and the growing intersection of traditional finance and crypto.