Balancer is reducing operating budget and laying off staff

Balancer is reducing its operating budget and laying off staff, CoinDesk reported. Balancer’s OpCo, which manages the front end of the protocol, has laid off two engineers and reduced its operating budget. In the future, Balancer will turn its focus to improving its user interface and marketing. The platform’s service provider, Orb Collective, is responsible for guiding the protocol’s design, marketing and governance strategy, and will form a dedicated marketing team to discuss the mechanics of how Balancer will work with platform users.