Welcome to Crypto Long & Short, our institutional newsletter. This week, we delve into the need to safeguard the developers of DeFi infrastructure. Jennifer Rosenthal, chief communications officer at the DeFi Education Fund, emphasizes the importance of protecting these individuals, highlighting their crucial role in shaping the future of finance. Meanwhile, Alexis Sirkia, chairman and co-founder of Yellow Network, critiques Ethereum's L2 strategy, arguing that it is flawed due to a fundamental design issue.
He proposes an alternative solution, state channels, which could potentially address the current limitations. The newsletter also features expert insights, principled perspectives, and a summary of the week's headlines, including the impact of smart contract exploits on the market.