Lido Co-Founder: Contributor Team to Be Downsized, Around 15% of Employees Affected

According to ChainCatcher, Lido co-founder Vasiliy Shapovalov stated on social media last weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of the contributor team, with about 15% of employees affected. This decision is not related to job performance, but is purely a cost consideration. It is a tough choice, but it is made with long-term resilience in mind. Although making such a decision during a market uptrend may seem counterintuitive, it demonstrates our strong commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is planning for development over the coming decades, and this adjustment will help solidify that foundation."