Andre Cronje, of the decentralized finance industry's best-known developers, has announced that he's leaving the space — prompting the value of a number of tokens to fall substantially 📉
One of the decentralized finance industry's best-known developers has announced that he's leaving the space — prompting the value of a number of tokens to fall substantially.
"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 DeFi Edge, Sestagalli's reputation took a "huge hit" as a result of the debacle, and this meant he had to step down from ve:
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DeFi 'Godfather' Cronje quits as TVL and tokens tank for related projectsDeveloper and project founder Andre Cronje has deactivated his Twitter account and officially left the crypto space with colleague Anton Nell from Fantom. This will leave about 25 apps and services to either shut down or continue on without Cronje.
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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.
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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
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Market Watch: Bitcoin Dips Below $38K, Fantom (FTM) Tumbles 15% Following Andre Cronje's LeaveThe crypto market is in the red once again, with Fantom leading the adverse trend following a double-digit price drop.
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