Welcome to our institutional newsletter. This week, we focus on the need to safeguard the people building DeFi infrastructure and explore Ethereum's L2 strategy. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of protecting DeFi technology and infrastructure.
She highlights the introduction of the bipartisan Promoting Innovation in Blockchain Development Act of 2026, which aims to protect software developers from misclassification under criminal code. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, discusses Ethereum's scaling problem, arguing that the rollup model was flawed from the start and that state channels offer a more promising solution.
We also review the week's headlines, including the impact of smart contract exploits on the market and Aave's market share decline following the rsETH exploit.