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Andre Cronje Returns To DeFi To Help Curve Deploy And Fund Stablecoin Pools

The hugely influential character Andre Cronje, who recently announced that he is leaving the DeFi space, seems to be coming back.

Andre Cronje Returns To DeFi To Help Curve Deploy And Fund Stablecoin Pools

Andre Cronje is back into DeFi space

It seems that the Yearn Finance creator Andre Cronje is bored without DeFi in ten days. He has been reportedly deploying and funding multiple stablecoin pools using Curve v2.

These stablecoins are from the fixed foreign exchange, which was released by Cronje last year and has interoperability with Curve, Yearn, and Convex.

Surprisingly, as the community speculates on why he’s back, Curve, the Ethereum exchange liquidity pool, has just launched a newly built fundraising gauge aimed at allowing funding seekers to generate funds through CRV emissions.

Cronje and his colleague and developer Anton Nell recently announced their departure from the DeFi space, as well as the “termination” of several significant DeFi projects.

This seemed like an exaggerated rug pull because several of the projects were not even handled by Cronje for a long time. The announcement led to sudden panic and severely impacted these DeFi projects’ performances. For example, as the announcement shot up, the native token of Yearn Finance (YFI) lost 13%.

Cronje’s repeated actions

Cronje, who developed and launched the crypto yield aggregator, Yearn Finance in 2020, has been a big name in the crypto industry, thanks to the YFI’s success which rose from $0 to $40,000 in just a few months.

While it seemed a serious departure to many, this is not the first time when the influential Cronje is leaving the industry. He found the crypto community toxic and quit it in 2020, but soon returned. However, he once again departed in August but came back.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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