Bitprismia

Lido Slashes 15% of Staff, Cites Operational Cost Concerns

2025-08-04 22:20:38

Main Idea

Lido DAO, a decentralized autonomous organization operating a liquid staking protocol, has made its first personnel cutback to focus on sustainable growth and operational efficiency, despite its dominant market position.

Key Points

1. Lido DAO, founded in 2020, operates a liquid staking protocol for multiple blockchain networks and has implemented its first-ever personnel cutback to reduce costs.

2. The protocol allows users to stake ETH and receive stETH tokens, with LDO serving as the governance token for the DAO.

3. A recent governance model change, Dual Governance, was approved, giving stETH holders the ability to oppose proposals.

4. Lido dominates the market with over 60% share in Liquid Staking Tokens (LSTs) and a Total Value Locked (TVL) exceeding $31 billion, significantly ahead of competitors like Binance Staked ETH.

5. Despite the market upswing, the personnel cutback reflects a strategic focus on sustainable growth and alignment with LDO tokenholders' priorities.

Description

One of the leaders in the liquid staking scene has undergone a cutback in its workforce necessary to fuel further development. It is unusual for such events to occur when the markets are booming, but it is sometimes inevitable. Toning Down for Sustainability One of the co-founders of the Ethereum staking protocol, Lido, Vasiliy Shapovalov, shared the unfortunate announcement on the social media platform X earlier today. Several people have already commented and offered to help those who have los...

>> go to origin page
Tags:
AA News Crypto News Lido
📱 Full Version
$ETH
$4501.98
-0.76%
$LDO
$1.1753
-1.01%

Crypto Potato

cryptopotato.com

Latest News

More Reading