DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot

Balancer’s OpCo, which manages the protocol’s entrance finish, has laid off two engineers and decreased its working finances, the suppliers’ workforce revealed in the course of the Discord name attended by greater than 20 individuals. The headcount discount comes because the protocol turns its focus towards bettering its consumer interface and advertising and marketing. To that finish, the platform’s service supplier, Orb Collective, which directs the protocol’s design, advertising and marketing and regulatory methods, will construct out a specialised advertising and marketing workforce that may talk about the mechanics of how Balancer works with the platform’s customers. The brand new outreach technique will even function a “crypto Twitter-native voice.”