Defending DeFi Infrastructure: A Call to Protect Its Builders

Welcome to our institutional newsletter. This week, we focus on the need to protect DeFi's infrastructure builders. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of preserving the technology and infrastructure that make DeFi valuable. She highlights the introduction of the bipartisan Promoting Innovation in Blockchain Development Act, aimed at protecting software developers from misclassification under criminal code. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, discusses the limitations of Ethereum's L2 strategy, arguing that the rollup model was flawed from the start, and that state channels offer a more promising solution. The newsletter also features headlines of the week, including the impact of smart contract exploits on the market, and a chart of the week analyzing Aave's market share slide after the rsETH exploit.