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A tidal wave of panic washed over the DeFi community when Andre Cronje, technical advisor at the Fantom Foundation, and Anton Nell, senior solutions architect at the Fantom Foundation, announced via a tweet that they were leaving crypto and DeFi. Nell also stated that around 25 apps and services would be deleted in April 2022, leading […]
Andre Cronje launched Yearn Finance and Keep3rV1, and had also played an instrumental role in the creation of countless other DeFi protocols — and token prices are now plunging.
Fantom (FTM) and Yearn Finance (YFI) — coins associated with Andre Cronje — tumbled 21% and 10.3% over 24 hours to $1.33 and $18,046.12 respectively after the news of the software developer's departure from Decentralized Finance, or DeFi, was announced.
In the crypto industry, where personalities reign supreme, hirings and firings are a huge deal. As of press time, several crypto and DeFi communities were dealt a shocking blow when two major players announced that they were stepping out of the game – possibly for good.
Andre Cronje is bowing out from DeFi. Cronje's close partner Anton Nell announced that the pair would be leaving the space in a tweet early Sunday.
Yearn Finance (YFI) has plunged rapidly following the surprise exit of its key players. The cryptocurrency which had been following the market trend had broken off the step with the rest of the space as the news sent ripples through the community.
Investors are running for the exit as a mercurial developer leaves DeFi development behind.
Both YFI and FTM plummeted by double digits immediately following the announcement.
YFI Crashes 13% on the news that the founder of Yearn Finance will be leaving the crypto industry forever so let's read more today in our cryptocurrency news. Andre Cronje is best known for his work on Yearn Finance and Fantom alongside Anton Nell, and now he will be seemingly leaving the crypto space.
The price of YFI and other projects where Andre Cronje was involved plunged today after reports of him leaving the industry for good.
The last 24 hours have given some solace to investors who have been suffering for weeks now. Alas, yearn.finance holders might not want to get too excited just yet.
Yearn Finance got deployed to Ethereum's L2 arbitrum and is now officially live so let's find out more in today's latest Ethereum news. YEarn Fiannce is a Defi protocol that provides yield farming, lending aggregation, and many other services.
Yearn Finance has gone live on the largest Ethereum layer 2 platform - Arbitrium.
Arbitrum becomes the first Ethereum L2 to be integrated by top DeFi protocol Yearn.Finance
Arbitrum will be the first Layer 2 network supported by the DeFi service.
Unprecedented demand for goods and services in the US market has pushed the prices to go off the roof. For the first time in nearly 40 years, inflation in the US breached the 7% mark.
