Ethereum liquid staking protocol Lido has announced a 15% workforce reduction to “ensure long-term sustainability,” its cofounder Vasiliy Shapovalov said.
Shapovalov wrote in a Friday post on X that Lido Labs, Lido Ecosystem and Lido Alliance have decided to cut around 15% of their contributor teams.
“This decision was about costs — not performance,” said Shapovalov. “This is a difficult decision, but one rooted in long-term resilience. While it may seem counterintuitive amid a market upswing, the move reflects a deliberate commitment to sustainable growth, operational focus, and alignment with the priorities of LDO tokenholders.”
Lido is a protocol built on Ethereum that debuted in 2020, designed to allow users to maintain liquidity with their staked ETH rather than having those funds locked away while participating in network security. In February, Lido v3 introduced modular smart contracts called “stVaults,” set to enable users to design advanced staking strategies.
Lido is the second-largest protocol by total value locked in the liquid staking niche, with $31 billion locked and $90 million in annualized revenue, according to DeFiLlama data.
LDO token gained 4.3% over the past 24 hours but declined 21.6% for the week, according to The Block’s price page.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
