DeFi protocol Balancer is cutting its operating budget and laying off employees

ChainCatcher news, the service provider of the DeFi protocol Balancer has revealed that it is reducing its operating budget and laying off staff. Balancer OpCo, which manages the protocol's front end, has already laid off two engineers and cut its operating budget.

In the future, Balancer will focus on improving its user interface and marketing. Its service provider, Orb Collective, which is responsible for guiding the protocol's design, marketing, and regulatory strategy, will form a dedicated marketing team to discuss how Balancer can collaborate with platform users. (CoinDesk)