Dydx, the decentralized finance platform, has announced a major restructuring initiative. In a heartfelt message, CEO Antonio Juliano shared the tough decision to reduce the core team by 35%, a move aimed at realigning the company with its evolving objectives. He expressed deep appreciation for the hard work and contributions of those leaving, highlighting their essential roles in the platform’s development. Juliano emphasized that as the company progresses with a renewed sense of purpose and enthusiasm, it seeks to adapt to the shifting dynamics of the cryptocurrency market while continuing to innovate and deliver meaningful products. This announcement follows closely on the heels of Consensys reaffirming its commitment to Ethereum, even as it navigates a 20% reduction in its workforce, underscoring the persistent challenges facing the ETH ecosystem.
