
Lido cuts staff, Curve rethinks L2s
Two of the decentralized finance (DeFi) sector’s best known platforms, liquid staking protocol Lido and decentralized exchange Curve Finance, are considering slimming down. Despite a recent resurgence in DeFi markets, Lido co-founder Vasiliy Shapovalov announced a 15% cut of contributors, and a fresh Curve governance proposal suggests cutting development on Layer Two (L2) networks. Read more: DeFi is paying big to accumulate USDC A drop in the ocean Lido is the second largest DeFi protocol by total value locked (TVL) at $32 billion according to DeFiLlama, the sector’s leading data dashboard. While it’s active on other chains, 99.9% of its…








