- Last week, Jack Melnick, head of DeFi at Polygon (MATIC) Labs, announced that he was leaving the company.
- Melnick has now revealed his new role at Cosmos-based Berachain.
- Despite the move, Melnick insisted he maintains a positive outlook on Polygon.
Another Polygon (MATIC) Labs executive joins.
In recent months, the project has withstood an onslaught of key executives over competing projects, from president in November 2023 to head of business development in January 2024. Now the company’s former head of DeFi, Jack Melnick, has followed suit. He announced his departure last week.
Melnick Announces New Role
On Monday, May 13th, Melnick revealed He started his first day as Head of DeFi at Berachain. The Cosmos-based EVM-compatible project is a project that attempts to solve liquidity problems that may arise in the Proof-of-Stake (PoS) model through a new consensus model called Proof-of. -Liquidity (PoL).
Explaining the rationale behind his decision, Melnick suggested that the move to Berachain has been a long time coming.
“I’ve been in the trenches of the Berachain community for almost 3 years and (Berachain co-founder) @SmokeyTheBera used to say: ‘It’s not that I came full-time, it’s ‘when’.
I am grateful that I have found the best culture and work fit. “I get to do what I love with friends I’ve built up and admired over the years,” he enthuses.
Melnik first announced He announced his resignation from Polygon (MATIC) Labs on Thursday, May 9, saying he remains “excited about the work being built on Polygon.”
For more on Polygon executives who have jumped ship in recent months, read:
Optimism Steals Polygon’s Head of Biz Development on Emerging Trends
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