Welcome to our Crypto Long & Short institutional newsletter. In this edition, we delve into the necessity of protecting the architects of DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of defending the people who build DeFi, highlighting recent bipartisan efforts in Congress to introduce legislation that clarifies the legal status of software developers in the space.
Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, critiques Ethereum's Layer 2 scaling approach, arguing that it was flawed from the outset due to a misunderstanding of the network's fundamental constraints, and proposes state channels as a more viable solution for achieving unified scale without intermediaries.