The Lido Finance staking protocol, operating within the Ethereum ecosystem, has announced a 15% reduction in its workforce as part of a reorganization process. Co-founder Vasyl Shapovalov noted that this decision was made to optimize costs and strengthen the project’s resilience.
This is reported by Finway
Reasons for the Staff Reduction and Future Plans
According to Shapovalov, the staff reduction is not related to employee performance but rather a necessity to decrease labor costs. He emphasized that even during market growth, such steps are crucial for the long-term stability of the company.
“As part of our efforts to ensure the long-term sustainability of Lido Labs, Lido Ecosystem, and Lido Alliance, we made the difficult decision to reduce team sizes, affecting approximately 15% of the workforce,” Shapovalov wrote on his X page.
Shapovalov added that Lido Finance is focused on development for decades to come, and the current changes are intended to strengthen the project’s foundation. He did not disclose specific details regarding future developments or sustainability metrics.
Trends in the Staking Market and Future Investments
In May 2025, it was revealed that Vasyl Shapovalov, along with another co-founder of Lido Finance, Kostiantyn Lomashuk, invested in the Symbiotic protocol, which positions itself as a competitor to EigenLayer.
Lido Finance is not the only project to reduce its workforce in 2025. In July of this year, Eigen Labs, the developer of the aforementioned EigenLayer, announced a 25% staff reduction and a shift in focus towards developing the EigenCloud solution.
Such reorganization processes in the staking sector are taking place amid discussions by American regulators regarding the potential inclusion of staking in spot Ethereum ETFs. This could significantly impact the future development of the industry.