Lido co-founder Vasiliy Shapovalov announced on August 1, 2025, that Lido Labs, Lido Ecosystem and Lido Alliance would cut about 15% of their contributor teams. He posted the news on X. The Block reported the cuts three days later, on August 4, 2025. Its report described Lido as the second-largest protocol by total value locked in the liquid staking niche, with $31 billion locked and $90 million in annualized revenue at the time, citing DeFiLlama data.
· Lido co-founder Vasiliy Shapovalov says three Lido contributor groups will cut about 15% of their teams
Lido Cuts 15% of Its Contributor Teams
Lido co-founder Vasiliy Shapovalov said on August 1, 2025, that Lido Labs, Lido Ecosystem and Lido Alliance would cut 15% of their contributor teams to control costs despite a market upswing.
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Lido · Lido Labs Foundation · SharpLink Gaming · Anchorage Digital