Lido Lays Off 15% of Its Team - What’s Going On? Lido has just surprised everyone by cutting 15% of its staff at the beginning of August. This decision comes from co-founder Vasiliy Shapovalov. Interestingly, this happens while the market is buzzing with rumors about ETH staking ETFs soon getting the green light from the SEC. Many believe this will be a golden opportunity for projects like Lido. At the same time, another trend is quietly unfolding: investment funds and large financial institutions are actively accumulating ETH from retail investors. So why is a staking giant scaling down right when the market is about to explode? Will Lido truly benefit from this wave of institutionalization as many people think? Read the thread below 👇