https://www.thismorningonchain.com/articles/defi/cronje-quits-crypto-abandons-fantom-yearn-finance/

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Cronje Quits Crypto, Abandons Fantom, Yearn Finance

Andre Cronje quits Fantom, DeFi, and Cryptocurrency as a whole
alongside his partner Anton Nell. The pair are shutting down ~25 of
their apps and services.

  * Nicholas Scalf

Nicholas Scalf

Mar 6, 2022 * 1 min read
Cronje Quits Crypto, Abandons Fantom, Yearn Finance Cronje, "Father
of DeFi", backs out through the hedge of crypto

On Sunday, Andre Cronje, best known for building Yearn Finance and
being a founding member of Fantom, announced he is stepping away from
cryptocurrencies. The "father of DeFI" will be handing off or
shutting down all of his projects. This announcement triggered a
large sell off in the Fantom ecosystem and other projects associated
with Cronje. The average drawdown range was 15%-20% within a few
moments of the news.

The news was broken on Twitter by Cronje's business partner, Anton
Nell, who is also a storied developer in the crypto and DeFi space,
and a Senior Solutions Engineer at Fantom. In the announcement, Nell
said they will be shutting down around 25 apps and services on April
3rd.

Cronje Quits Crypto, along with NellTweet From Anton Nell Announcing
He and Cronje Quit Crypto

The pair have dealt with chronic toxic behavior from the community
and have been very outspoken about the problems. In a response to the
TIME Wonderland scandals, an exasperated Cronje tweeted that he "just
wants to code."

There have been scares that the pair may quit before, but this time
appears to be different. In a short thread about the resignations,
Nell made sure to point out:

    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.

Nell listed some of the most notable projects that will be closing in
April; here's some of the list:

  * Yearn Fi
  * Keep3r Network
  * MultiChain
  * ChainList
  * Solidly
  * Curve Bribe

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