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.
Interestingly, while the community is building theories on why he is back again, only this Tuesday, the exchange liquidity pool on Ethereum, Curve has introduced a freshly developed fundraising gauge aiming to enable funding-seekers to raise funds through CRV emissions.
It is important to mention that Cronje and his colleague and developer Anton Nell recently announced that they are leaving the DeFi space and are “terminating” several major 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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