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DeFi Godfathers Andre Cronje and Anton Nell Step Down, Associated Tokens Tumble — Derev Blog
3 min readMar 8, 2022
DeFi leaders Andre Cronje and senior solutions architect Antone Nell close their chapter in the crypto/defi space.
In a Twitter announcement, Nell cited that they would terminate around 25 apps and services on 03 April 2022.
Quick take:
- Fantom Foundation Senior Solutions Architect, Anton Nell and his colleague Andre Cronje, announced their plans to leave the DeFi scene on Sunday.
- André Cronje’s exit may be permanent after stepping out in what appeared to be rage quitting.
In a shocking revelation, Anton Nell and Andre Cronje, two well-known decentralized finance leaders, are leaving the scene. As a result, as many as 25 projects could be terminated as of April 3, 2022.
The announcement was made public by Anton Nell through one of his tweets.
Market reaction to the announcement resulted in a wave of negative effects on several projects. YFI saw its value drop to $17,000 from $20,000. In just 24 hours, Fantom (FTM) lost 15 percent of its value, dropping to $1.42.
