While there are several innovations happening in the crypto space, some days, there is news that leaves the industry overwhelmed. The godfather of DeFi has bowed down from the crypto industry, saying his goodbyes. Andre Cronje and his close partner Anton Nell recently announced on Twitter last Sunday.
According to the tweet,
“Andre and I have decided that we are closing the chapter of contributing to the DeFi/crypto space.
There are around ~25 apps and services that we are terminating on 03 April 2022.
Unlike previous “building in defi sucks” rage quits, this is not a knee-jerk reaction to the hate received from releasing a project but a decision that has been coming for a while now.
Thank you to everyone that supported us over the past few years.”
According to the announcement, the DeFi pair has considered this decision for a long time and finally decided to separate from the crypto industry.
Andre Cronje and Anton Nell
Andre Cronje is a self-styled DeFi architect who is the founder of the Yield Optimization protocol Yearn.Finance. On the other hand, Anton Nell is another builder known for his ties with the Fantom ecosystem. Nell and Cronje have worked closely on various projects and were the supporting partners for several projects.
Andre has reportedly deleted his Twitter account and amended his LinkedIn bio to portray his disconnection with Yearn.Finance, Fantom, and the Ethereum ecosystem. Andre also later confirmed his plans to leave the Keep3r Network community on a Telegram Message.
The repercussions of this move were felt throughout the projects the duos were associated with. While Yearn Finance stands solid on the front, stating this move won’t affect the project, the number begs to differ. Yearn Finance has already fallen 7.5%, while Keep3r has dropped 24.4%, with FTM in the second position with a drop of 14.4%.
The crypto community appreciates the duo for their unparalleled work, and we wish successful future endeavors to The Godfather of the DeFi.