Andre Cronje Leaves DeFi

Some Unexpected Crypto World News

In surprising news, Andre Cronje is unwinding his involvement in many decentralized finance projects including Yearn and Fantom. He has apparently shut down his Twitter account too. This news was announced on his colleague Anton Nell’s Twitter feed.

There are real numbers behind these decisions. In late January, Fantom took over Binance Smart Chain (BSC) to become the third-largest chain, with over $12.2 billion in total value locked (TVL) across its DeFi ecosystem.

While most decentralized finance systems don’t require permissions from specific individuals, many investors and programmers look to the personalities behind projects for validity. Thus, the impact of Cronje’s news is being felt across the crypto world.

For a full breakdown:

Andre Cronje, The Godfather of DeFi bids Farewell - Crypto is Coming

YFI, FTM Tank After Andre Cronje, Anton Nell Claim They're Leaving Crypto - Decrypt

Photo by Kanchanara on Unsplash

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