Lido has reduced its team by 15%

The team of the liquid staking platform Lido has reduced its staff by approximately 15%. This was reported by the co-founder of the project, Vasily Shapovalov.

As part of efforts to ensure long-term sustainability, Lido Labs, Lido Ecosystem, and Lido Alliance have made the hard decision to reduce the size of their contributor teams, impacting around 15% of the workforce.

This decision was about costs — not performance. It affects…

— Vasiliy Shapovalov (@_vshapovalov) August 1, 2025

According to him, the decision is related to optimizing costs rather than employee performance. Shapovalov called this step "difficult, but necessary" for the long-term sustainability of Lido.

He noted that the cuts are occurring against the backdrop of market growth but are part of a development strategy "for decades to come." The team will focus on operational efficiency and growth in line with the interests of LDO token holders.

The co-founder of Lido emphasized that the layoffs affected "incredibly talented people." He suggested that companies looking for employees reach out to a team representative for recommendations.

According to DeFi Llama, Lido ranks first in the liquid staking niche. The total value locked in the protocol is $31.4 billion.

Recall that in July, ConsenSys announced the layoff of 47 employees against the backdrop of the growth of the cryptocurrency market.