Defi-Star developer Andre Cronje gives up

Defi-Star developer Andre Cronje gives up

Several tokens in connection with the crypto developer Andre Cronje, who represents governance in projects and apps in decentralized financing (Defi), it was strong on the weekend after it was announced that the South African plans to finally leave the room.

according to a rel = "nofollow noopener" target = "_ blank" href = "https://twitter.com/antonnellcrypto/15004737565191?s=20&t=t4sili6hpb-x0nzuw"> twitter on Saturday from Cronjes Colleague and former managerial architects of Fantom Foundation, Anton Nell-who spoke on behalf of Cronje-decided to set their contributions to the "Defi/Krypto room" and related projects.

No reason for their obvious exit from the defi sector was given. It is unclear whether the couple intends to continue to contribute to projects outside of Defi. Cronje deleted his Twitter account last week and updated its LinkedIn

of the 25 projects, said Nell, the most remarkable with Yearn Finance, Keep3r Network, MultiCyz, Smart Contract Protocol Exchange Solidly, Chainlist and Bribe CRV Finance. Some projects are apparently continued by other people, added Nell.

The front-end services for most projects are expected to end until April 3., while their open source code and their intelligent contracts will enable others to fill the gap left by Cronje, such a new message on several websites that are connected to the productive developer, such as Z as Jahr.fi .

Jahrn.finance for example - the main entry point of the protocol - continues unabated, and a leading pseudonymous developer for Yearn, which is known under the name Banteg, was to quickly note on Twitter that Cronje has not contributed to the project for "over a year".

toxic defi culture?

In 2020, Cronje He was about to leave, and named as the main reason "Toxic" defi community. These comments came five months after Cronje's departure from Yearn, then known as Iearn Finance.

While the announcement reminds of that of Cronje in the past, Nell said that this time was significantly different and clear.

"Unlike earlier 'building in defi sucks' rage-quits, this is not a reflex-like reaction to the hatred that encounters the publication of a project, but a decision that has been going on for some time," said Nell in a follow-up twitter.

Immediately after the announcement on Twitter, dozens of native tokens, which were linked to projects and apps that were connected with Nell and Cronje or were founded by them, began. Fantoms token (FTM), in which Cronje had a technical consultant role for three years, fell by 17.5 %.

The Fantom Foundation pointed out to its big team to minimize the effects of Cronjes move.

The token of keeper Network (Keep3r) suffered greater losses and fell by 35 %, while the token from Yearn Finance (YFI) fell by 12.6 % before it easily recovered - a minus of 8.6 %. All other tokens mentioned in the tweet have followed a similar pattern.

with a good example of

cronje has had a successful career in the crypto industry. According to his LinkedIn page, Cronje held numerous positions within the community, including the technology manager at the Fusion Foundation, Tech Analyst at Lemniscap and Code Reviewer at the Crypto Briefing news agency. He also developed numerous defi projects and contributed to this, including Yearn Finance, Curve Finance and Fantom.

A source that spoke on the condition of anonymity, and a former colleague of Cronje, said Blockworks on Sunday that he was impressed by the developer's “inspiring work”, which was precisely an example.

"Andre is an impressive thinker with big questions," said the source. "He is an important and positive influence ... his departure will have an impact."

The source of Blockworks added that the cryptom market generally tends to overcome events like this, and that the projects outlined in Nells Tweet still have "extraordinary" people who work there.

"You will still score huge goals," said the source.

Blockworks tried to contact Cronje, but received no answer until the time of going to press.

Macauley Peterson controlled the reporting on this story.

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The contribution Defi Star Developer Andre Cronje Calls IT Quits is not a financial advice.