Welcome to Crypto Long & Short, our institutional newsletter. This week, we focus on two key topics: the need to protect DeFi infrastructure builders and the flaws in Ethereum's L2 strategy. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of shielding the people behind DeFi infrastructure.
Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, critiques Ethereum's L2 approach, arguing that it was designed to address the wrong problem. He proposes state channels as a more effective solution for scaling. We also highlight key headlines and trends in the crypto space, including the impact of smart contract exploits and the growing connections between traditional finance and crypto.