Salaries for decentralized finance (DeFi) engineers rose to an average of £142,500 during the fourth quarter of 2022 despite the issues the industry faced during the period, according to a July 3 press statement shared with CryptoSlate by talent advisory firm Durlston Partners.
Durlston Partners attributed the increased salaries to the sector’s maturation, adding that the lack of DeFi talents resulted in a fiercely competitive landscape where employers offered enticing compensation packages to attract and retain top talent.
DeFi engineers remain in demand
In 2022, the crypto industry experienced a record-low drawdown as Bitcoin’s (BTC) price fell to around $15,000 while several crypto firms like Celsius, Voyager Digital, Three Arrows Capital, and FTX collapsed.
Following these events, several crypto companies laid off more than 20,000 employees. However, DeFi engineers remained in demand due to their highly specialized skill set in the ultra-competitive crypto space.
“Despite th
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