Welcome to Crypto Long & Short, our institutional newsletter. This week, we focus on the need to protect the builders of DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of defending the people behind DeFi. Meanwhile, Alexis Sirkia analyzes Ethereum's L2 strategy, arguing that its fundamental design flaw lies in treating the platform's limitation as a throughput issue rather than addressing how value is transferred between participants.
The newsletter also features expert insights, principled perspectives, and a review of the week's headlines.