Decentralized finance (DeFi) engineer salaries will average £142,500 in Q4 2022, despite the challenges faced by the industry during the same period, according to a July 3 press statement shared with said to have risen to crypto slate According to talent advisory firm Darlstone Partners.

Darlstone Partners attributed the increase in salaries to the maturity of the sector, saying the shortage of DeFi talent has created a fiercely competitive environment and employers have sought attractive compensation packages to attract and retain top talent. added that it provided

DeFi engineers still in demand

In 2022, the cryptocurrency industry will experience a record drop as the price of Bitcoin (BTC) drops to around $15,000 and several cryptocurrency companies such as Celsius, Voyager Digital, Three Arrows Capital and FTX go bankrupt. bottom.

In the wake of these events, several cryptocurrency companies Laid off more than 20,000 employees. but, DeFi engineers continue to be in demand due to their highly specialized skill sets in the ultra-competitive cryptocurrency space.

“Despite declining trust in cryptocurrency companies and market freezes, experienced engineers are proving vital to the continuity of business operations, leading to stable salaries in the DeFi space.”

Before the rise, Darlstone Partners noted that base salaries for DeFi engineers have ranged from £100,000 to £125,000 over the past two years.

Commenting on the report, Meraj Barram, Managing Partner of Darlstone Partners said:

“DeFi engineering jobs, such as software and DevOps engineers, have proven robust in the environment of volatility and uncertainty that plagues the cryptocurrency market. It confirms that they are looking for skilled employees and their salary consistency is proof of that.”

Meanwhile, Darlstone Partners acknowledged that there is still a lot of room for growth and innovation in the DeFi sector, adding that the sector could see further salary growth in 2023 as the industry continues to evolve.

Post-DeFi salaries skyrocket despite industry turmoil first appeared on CryptoSlate.

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