Layer 1 developer Berachain hires Jack Melnick, a former head of DeFi at Polygon Labs, in a similar position

  • Melnick, who had been Head of DeFi at Polygon Labs for nearly 17 months, began working at Berachain on Monday.

Former Polygon Labs head of decentralized finance (DeFi), Jack Melnick, has taken the same role at Layer 1 developer Berachain.

Melnick began working at Berachain on Monday. Since January 2023, he has been the Head of DeFi at Polygon Labs.

For those who are unfamiliar with me, I have been working in the trenches of the Berachain community for nearly three years. As Smokey The Bera once said, “it’s when, not if,” Melnick said on the social media platform X. Smokey the Bera is the alias of one of Berachain’s creators.

Melnick went on to say that he is appreciative of having discovered the ideal work environment and culture: doing what he loves while working with people he has known and admired for years.

Polygon Labs creates web3 technologies and the Ethereum Layer 2 network Polygon. In his capacity as the company’s CEO of DeFi, Melnick worked on DeFi-related initiatives as well as infrastructure and products for the Polygon Chain Development Kit (CDK), proof-of-stake technology, and the zero-knowledge Ethereum Virtual Machine (zkEVM).

In an X post announcing his retirement from Polygon Labs, Melnick said, “I remain tremendously excited about the things getting built on Polygon, and know that everyone involved will crush it in the near future.”

On April 12, news broke that Berachain had raised $100 million in Series B fundraising, spearheaded by Framework Ventures and the Abu Dhabi office of Brevan Howard Digital. Arrington Capital, Hashkey Capital, Nomad Capital, Samsung Next, Polychain Capital, Laser Digital from Nomura Group, and other sources contributed further funds.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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