The crypto space will now have to face a world without Andre Cronje. The Yearn and Solidly founder has stepped down from all responsibilities in DeFi and crypto along with colleague Anton Nell from Fantom.
The community’s reaction to Nell’s announcement has been generally sympathetic, as many understand that the duo likely needed a mental break from the immense rigors of their work. Other disgruntled investors have not been so kind with their words as token prices and TVL tanks.
Fantom CEO Michael Kong clarified the consequences of Cronje’s and Nell’s stepping down. Although Cronje was instrumental in founding many projects, Kong said in a Mar. 7that “these projects are not closing down development. Some of them have been running independently for years.” The lead developer at Yearn Finance, Banteg, also chimed in to assure users and investors that Andre’s leaving was of little consequence to the day-to-day operation of the DeFi yield aggregator.
People burying YFI, you do realize Andre hasn’t worked on it for over a year? And even if he did, there are 50 full-time people and 140 part-time contributors to back things up.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum's Defi Dominance Loses 14% – Defi Bitcoin NewsThe total value locked (TVL) in decentralized finance (defi) protocols has slipped below the $200 billion mark to $196.02 billion.
Weiterlesen »
Dozens of Tokens Tumble as Prolific Developer Andre Cronje Calls It QuitsSeveral projects and even whole ecosystems have plummeted on the news that Andre Cronje is “closing the chapter” on DeFi development. Blockanalia reports
Weiterlesen »
Yearn Finance (YFI) Plunges 13% on Reports of Andre Cronje Leaving CryptoThe price of YFI and other projects where Andre Cronje was involved plunged today after reports of him leaving the industry for good.
Weiterlesen »
DeFi Tokens Tank as Devs QuitThe native tokens of Yearn.Finance, Solidly, Fantom and other Andre Cronje-related projects have taken a beating after Andre Cronje’s sudden departure
Weiterlesen »
Altcoin Roundup: JunoSwap, Solidly and VVS Finance give DeFi a much-needed refreshDeFi is undergoing a revival and this time, it’s happening on Ethereum network competitors.
Weiterlesen »