Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Lido Co-founder: Decided to reduce the size of the contributor team, affecting approximately 15% of employees
2025-08-04 03:21:19

Odaily Planet Daily reported that Lido co-founder Vasiliy Shapovalov stated on the X platform last weekend: "To ensure long-term sustainability, Lido Labs, the Lido Ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of their contributor team, impacting approximately 15% of their workforce. This decision is not performance-related and is based purely on cost considerations. It is a difficult decision, but one based on long-term resilience. While making such a decision during a market upturn may seem counterintuitive, it demonstrates our unwavering commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is planning for decades to come, and this adjustment will help solidify that foundation."