Just saw that Obol Labs' co-founder Oisin Kyne is now taking over as CEO. They're cutting 30% of staff to stretch their runway through what could be a longer bear market. Makes sense given how tight things have been with high rates and all. The reasoning is interesting though - they're saying institutional clients in the Ethereum staking space have long conversion cycles and super strict security requirements. Basically, they're betting this restructuring keeps them focused on what matters for the long term. Wonder how many other dev teams are making similar moves right now with this market environment.

ETH-1,69%
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