Ethereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway

Ethereum Merge Vastly Increased Stakefish’s Profile, but 25% of Its Employees Are Gone Anyway

On the very day that the Ethereum Merge dramatically elevated the importance of validators in the blockchain’s ecosystem, one of the biggest ones – stakefish – was beset with chaos. More than 25% of its workforce, according to people familiar with the matter, was either laid off or resigned, including two senior departures: Head of Strategy and Operations Jun Soo Kim and Head of Protocols Daniel Hwang. CoinDesk spoke with four current and former employees for this story, all of …