On August 4th, Lido co-founder Vasiliy Shapovalov announced that due to cost considerations, Lido Labs, Lido Ecosystem, and Lido Alliance have made the difficult decision to reduce staff by approximately 15%. This adjustment is not due to performance issues, and those affected are important members who have deeply participated in protocol and community building.
Shapovalov stated that although the market is currently in an upward phase, this decision reflects a commitment to long-term resilience and sustainable growth, aiming to focus on operational priorities, optimize resource allocation, and remain aligned with the interests of LDO token holders.
