Andre Cronje, a prolific developer, has left decentralized finance, according to a release today by his colleague Anton Nell, a senior solutions architect at the Fantom Foundation, who has joined him in that decision without elaborating.
Cryptocurrencies related with Cronje’s initiatives, such as FTM and YFI, sank substantially following the unexpected official statement (YFI) fell 13% from over $20,000 to $17,000. Keep3r (KP3R) is trading at $520 at the time of writing. Solidly (SOLID), which was only launched last week, has dropped 64.73% in one day and is currently worth $1.13.
Nell tweeted on Sunday:
“Andre and I have decided that we are closing the chapter of contibuting [sic] to the defi/crypto space. There are around ~25 apps and services that we are terminating on 03 April 2022,”
Cronje and Nell will stop the following applications or websites that serve as DeFi protocol front-ends: yearn.fi, keep3r.network, multichain.xyz, chainlist.org, solidly.exchange, and bribe.crv.finance.
Some donors to Cronje-related initiatives expressed astonishment at the market’s reaction to the news.
DeFi refers to financial apps that use blockchains such as Ethereum to provide banking services. DeFi apps are developed on top of blockchain-based smart contracts, which are permissionless by nature and may continue to work even if the original creators are not present.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
Coincu News
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
OpenSea new version is scheduled to launch in December, with an improved user experience, improved…
Analysts at Bernstein predict Bitcoin price in 2025 could reach $200,000, driven by factors like…
The latest report by Bitfinex Alpha: "The Calm Before the Storm," provides insights on the…
The crypto community is in a heated debate over Binance listing fees and the exchange’s…
This website uses cookies.