Safeguarding DeFi's Builders: A Crucial Step for the Future of Finance

Welcome to our institutional newsletter. This week, we explore the need to protect the people building DeFi infrastructure. As traditional finance companies increasingly invest in DeFi initiatives, it's essential to recognize the value of open-source, permissionless technology. The DeFi Education Fund invites you to join us in defending key policy objectives. Recently, the bipartisan Promoting Innovation in Blockchain Development Act was introduced to protect software developers from misclassification under criminal code. Meanwhile, Ethereum's L2 strategy is facing challenges due to a fundamental design flaw. Alexis Sirkia argues that the rollup model was never going to deliver a unified scale, and state channels may offer a better solution. We also look at the latest headlines, including the impact of smart contract exploits on the market, and Aave's market share slide after the rsETH exploit.