Yesterday, the crypto community woke up to the departure of prominent developers Andre Cronje, the well-known founder of Yearn Finance and Keep3r, together with colleague Fantom software architect and long-time associate Anton Nell. The community was not all too happy with the news, with Shiba Inu developer Shytoshi Kusama, tweeting his reaction to the same.
Cronje removed his Twitter account and modified his Linkedin to reflect that he was no longer an advisor to the Fantom Foundation last week, leading many to believe that an announcement was on the way.
Nell announced the decision by saying that approximately 25 decentralized finance (DeFi) programs will be “terminated” beginning April 3.
Yearn Finance and Keep3r Network, Bribe Finance, Solidly (a new project that went online on Feb. 24 and locked in $2.24 billion in total value in three days), and others are among them.
Cronje’s abrupt departure, according to analysts, might jeopardize billions of dollars in investor assets. The market has responded fiercely to the news, despite the warning indicators. Solidly, a hybrid automated market maker (AMM) that was just published, has dropped as much as 75% in one day. Keep3r, an automation platform, is down 25%, and Iron Bank, a lending platform, is down 50%, all of which were founded by Cronje.
Reaction from Shytoshi Kusama
SHIB developer Shytoshi Kusama, posted a tweet on Monday morning, expressing his sadness over Andre’s departure. Kusama went on to state,
“I’m not leaving. I’m building. I see a future where most see the end. (Which I get.) I’m no billionaire (and never will be), I’m just a normal guy doing my best.”
It also demonstrates how dangerous it is for people like Kusama to struggle for decentralization in a world dominated by receptionists. Regardless, he will not give up until they can carve out a new world, despite the rage and extortion.
Shytoshi Kusama further said that what makes SHIB different is the fact that he will not quit, and not give up, citing the example of Billy, who also quit the crypto space.
Additionally, this only goes on to prove Bitcoin founder, Satoshi Nakamoto’s genius of being an anonymous identity. Being unassociated brings further decentralization to the space. Andre and Nell, being faces of their projects, hold a big weight in the workings of their respective projects. Their departure puts a question mark on the future of their work, and investors.