Crypto Long & Short: Who answers the 3am call when DeFi breaks?

DeFi builders must adopt the accountability of traditional money managers to attract institutional investors, according to Ben Nadareski in this week's Crypto Long & Short. Nadareski argues that the industry needs to move beyond its software developer roots and embrace robust financial management practices. He emphasizes that demonstrating reliability and transparency is crucial for gaining the trust of large-scale financial players. Separately, Stephen Stonberg suggests that Bitcoin holders can mitigate losses during market downturns and safeguard their assets by generating income through reinsurance strategies. This approach aims to provide a stable revenue stream independent of Bitcoin's price volatility, offering a layer of protection against sharp declines. Stonberg's analysis focuses on the practical application of financial instruments to enhance the resilience of cryptocurrency portfolios.