Lido Restructures Team, Sheds 15% of Workforce Amid Growth Push

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Lido, the leading Ethereum liquid staking protocol, is streamlining operations with a 15% staff reduction—a strategic shift aimed at ensuring “long-term sustainability,” according to co-founder Vasiliy Shapovalov.

In a Friday statement, Shapovalov clarified that the cuts—spanning Lido Labs, Ecosystem, and Alliance teams—were strictly cost-related, stressing the move was about “future-proofing” rather than performance issues.

“Market upswings can mask inefficiencies,” he noted. “This realignment sharpens our operational focus and ensures we grow responsibly in line with LDO holders’ interests.”

The layoffs arrive just months after Lido v3’s launch, which introduced programmable staking vaults (“stVaults”) for advanced DeFi strategies. Since its 2020 debut, Lido has dominated liquid staking, allowing users to earn rewards without locking up ETH.