Lido Finance has reduced its staff amid restructuring
Date: 2025-08-05 Author: Henry Casey Categories: BUSINESS
As part of a large-scale reorganization, the decentralized staking protocol Lido Finance announced the reduction of about 15% of its staff. This was announced on the social network X by the project's co-founder Vasily Shapovalov. According to him, this difficult but necessary decision was dictated by the desire to strengthen the financial stability of Lido Labs, Lido Ecosystem and Lido Alliance.
Shapovalov emphasized that the layoffs affected employees in different areas and are not related to their efficiency. He noted that the main reason is the reduction of personnel costs. Despite the current growth phase of the crypto market, the Lido team is betting on sustainable development in the long term. "We are making plans for decades to come, and this decision is part of the preparation for future challenges," he wrote.
The co-founder expressed gratitude to the former employees affected by the layoffs for their contribution to the development of the project. At the same time, he did not disclose the team's next steps and specific measures to strengthen the protocol's sustainability.
In the context of recent events, it is worth noting that in May 2025, it became known about Shapovalov and his colleague Konstantin Lomashuk's investments in the Symbiotic startup. This project is positioned as a competitor to EigenLayer and also works in the field of decentralized staking.
The situation with Lido Finance reflects a broader trend in the market. For example, in July, EigenLayer developers Eigen Labs also went on layoffs, firing a quarter of their staff. At the same time, the team focused on developing a solution called EigenCloud.
Such restructurings are taking place against the backdrop of growing interest from US regulators in staking protocols and their possible inclusion in the structure of spot Ethereum ETFs. This increases pressure on teams working in this direction, prompting them to reconsider strategies and optimize costs.
Thus, even against the backdrop of a general rise in the crypto industry, projects are forced to adapt to new conditions, sometimes making painful, but strategically sound decisions.
