The Leading DeFi Builders, Andre Cronje, And Anton Nell Announce Their Departure From The Crypto Industry 14

The Leading DeFi Builders, Andre Cronje, And Anton Nell Announce Their Departure From The Crypto Industry

  • The leading DeFi pair, Andre Cronje and Anton Nell are quitting the DeFi sector
  • The pair also announced the list of 25 applications that will be terminated upon their departure 
  • The news impacted the prices of cryptos mainly YFI, KP3R and FTM, which recorded a significant drop in its prices. 

The prolific DeFi experts Andre Cronje and Anton Nell have announced their departure from the crypto industry. Anton Nell, a close partner of Cronje, took to Twitter to announce their departure, stating that the pair will no longer cater to the DeFi/crypto space.  

Andre Cronje leaves DeFi/Crypto Space

Cronje, who is known for his extensive contributions to the decentralized finance sector, has decided to quit the space for good. He was the founder of Yearn Finance, which is a yield optimization protocol. The news of Cronje leaving the DeFi sector was shared by Anton Nell, who will also be leaving the DeFi space along with Cronje. 

Nell, who formerly worked as Senior Solutions Architect with Fantom, broke the news via Twitter stating that the pair will no longer work in the crypto/DeFi sector. Furthermore, the pair also announced a list of about 25 apps associated with them that will be terminated starting from April 03, 2022. The apps that are slated for termination include,,,,, and

According to a report shared by CryptoBriefing, Cronje stated that they are “simply transferring/decommissioning the domains and web apps we control, and moving away from defi/crypto.” The report further states that the pair will return to work in the traditional finance sector. 

The DeFi or Decentralized sector, in simpler terms, is a space that utilizes financial applications that employ blockchains to initiate banking services. DeFi apps are often built on top of blockchain-based smart contracts, which do not require any permission and can function without any intervention from the developers. 

In an interview with Decrypt, James Hancock, former Ethereum Core Developer, stated that “As long as the contracts are immutable or don’t require Andre’s approval for changes they will continue to work as deployed…What [Cronje] is shutting down is webpages that plug into those contracts. Technically, anyone can deploy a UI to these services, but it doesn’t mean anyone will. You need an incentive too and need to grow legitimacy.”

In addition to this, the cryptocurrencies associated with the pair, notably Yearn Finance’ YFI, FTM, and KP3R registered a sharp dip in prices, with YFI being down by 7.5%, while KP3R and FTM recorded a drop of nearly 24.4% and 14.4% respectively.