Andre Cronje, Legendary DeFi Builder, Is Leaving Crypto

Cronje was widely regarded as the “Godfather of DeFi” due to his various contributions to space.

Andre Chronier, Anton Nell Bow Out

DeFi space has lost two of the most talented developers.

Andre Cronje, a self-proclaimed “DeFi architect” who became famous as the founder of the yield optimization protocol Yearn.Finance, is forever moving away from DeFi and cryptocurrencies. Another builder, Anton Nell, who is best known for his connections to the Fantom ecosystem, also bows with Cronje. Nell broke the news with a tweet on Sunday. “Andre and I have decided to close the Contribution chapter. [sic.] After writing “in the defi / crypto space,” Nell added that “this is a decision that has been made for some time.” Nell, who worked closely with Cronje on various projects, explained that he would shut down the website managed by the pair and leave the space. Before working on Fantom, Nell had a short stint to review the ICO project Cryptographic briefing With Klonger.

Andre and I decided to close the chapter on contributing to the decentralized / crypto space.
There are about 25 apps and services that will end on April 3, 2022.
1/3

— Untunnel (@AntonNellCrypto) March 6, 2022

A question about the future of Cronje’s cryptocurrency is when he deletes his Twitter account and modifies his LinkedIn profile to indicate that he has stopped working on Yearn.Finance, Fantom, and the broader Ethereum ecosystem. It has begun to surface. He later confirmed to the Keep3r network community that he would leave the project in a telegram message.

Chronier who had a great influence on Cryptographic briefingof In the early days as chief code reviewer before various DeFi engagements, he checked the news and repeated that the protocol he and Nell built continued to run (especially as an immutable smart contract). So there is no way to shut them down).Write a private message Cryptographic briefing, Cronje said, “We simply transfer / discontinue the domains and web apps we manage and move away from decentralized / crypto.” Cronje said the pair will return to their traditional career in the financial sector.

YFI, KP3R, FTM hit hard

Pseudonym Yearn. Finance Developer banteg Weighed In the news, Cronje makes it clear that he is “not working” [Yearn] Over a year … and even if he does, 50 full-time people and 140 part-time contributors are backing things up. ”

For several years they were active, but both Cronje and Nell had an immeasurable impact on DeFi. Cronje was sometimes referred to as the “DeFi Godfather” after he steered Yearn to spread the trend in harvest farming. Finance, the cryptocurrency Die Hard “DeFi Summer.” Cronje later built a suite of popular products on Ethereum and other EVM-compatible blockchains. Cronje became famous for his “testing in production” mantra because he typically deployed the project on the blockchain before conducting the audit.

Most recently, Cronje led Solidly, a new Fantom project inspired by Curve Finance’s voting escrowed tokenomics and Olympus DAO’s “(3,3)” flywheel design. Steadily recently launched on Fantom, attracting billions of dollars of liquidity to the network.

Many active crypto users Gratitude and support In pairs. In the meantime, most of the projects they have partnered with are suffering. Yearn.Finance’s YFI is down 7.5% today, Keep3r’s KP3R is down 24.4%, and even FTM is down 14.4%.

Disclosure: At the time of writing, the author of this work owned ETH, CRV, FTM and was exposed to YFI in the Cryptocurrency Index. Andre Cronje is a stakeholder in Crypto Briefing and previously worked for Anton Nell’s publications.