This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above to get up to $3600 in bonuses, and 100% APY on your USDT for this week only.An era has ended in DeFi. Prolific DeFi coder and contributor Andre Cronje has taken his ball and gone home. Andre is known for his work on Yearn.finance, Fantom, Sushiswap, and Cream V2. Lesser known was Andre’s love-hate relationship with the space and the work that he did. On October 15th, 2020, Andre wrote a blog titled, “Unpacking my involvement in DeFi” which could have been summed up in a single statement: “I don’t build for speculators.” In that blog, Andre made his frustrations with the space explicitly clear and stated that “he didn't build for number to go up.” Today we have paid the price and his actions have directly made the ‘number go down.’A Tweet over the weekend from Anton Nell, Andre’s close partner, announced that the two men had officially closed this DeFi chapter. It was made very clear that neither of them intend to return.“Andre and I have decided that we are closing the chapter of contributing to the defi/crypto space. There are around ~25 apps and services that we are terminating on 03 April 2022.” “Most notablyYearn.fi (use yearn.finance)Keep3r.network (use http://thekeep3r.network)multichain.xyz (use http://multichain.org)chainlist.org (lots of people replacing it)solidly.exchangebribe.crv.finance”“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. Thanks you to everyone that supported us over the past few years.”Immediately following the announcement, in true crypto fashion, DeFi began to tumble and the future of the named projects was questioned. The news is sad, but it’s my belief that life (and DeFi) will move on. The sad reality of crypto is that when a developer signs up to code, they also sign up for unwarranted harassment, hacks, bullshit, toxicity, and drama. That’s the unfortunate and immature nature of our space. The good news is that the projects Andre has built don’t require him to be present anymore. There are countless other successful developers that have already picked up where Andre has left off. Will this be a hard blow? Yes, but it’s not the end of DeFi. Like every other piece of "bad news," it is temporary and will be absorbed.As for now, it appears Andre is really gone. His Twitter has been deleted, his website is supposed to shut down on April 3rd, and he has said he doesn’t want to answer questions. But when one door closes, another door opens. Andre may return as an anon account or reappear pursuing another passion.What we can be sure of is that his influence won’t be forgotten and, hopefully, this is a reminder for us to slow down and think before we act. The community pushed him to his breaking point and now everyone invested is paying the price. I do think something positive can come out of this, allowing the community to learn and grow. As a final thought, the story really makes you wonder how the market would react if someone like Michael Saylor or Vitalik Butterin called it quits. If anything, the story should serve as a reminder for us to treat our leaders with a little more respect. Luckily, we are nearing the point at which no one man or woman can pull or push us significantly in a direction. We as a collective hold the power.In This Issue:Andre Cronje Calls It QuitsBitcoin Thoughts And AnalysisLegacy MarketsFantom Responds To Andre Cronje NewsInterest In The Metaverse SlowsFTX EuropeMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #450 - Andre Cronje Calls It Quits
The Wolf Den #450 - Andre Cronje Calls It…
The Wolf Den #450 - Andre Cronje Calls It Quits
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above to get up to $3600 in bonuses, and 100% APY on your USDT for this week only.An era has ended in DeFi. Prolific DeFi coder and contributor Andre Cronje has taken his ball and gone home. Andre is known for his work on Yearn.finance, Fantom, Sushiswap, and Cream V2. Lesser known was Andre’s love-hate relationship with the space and the work that he did. On October 15th, 2020, Andre wrote a blog titled, “Unpacking my involvement in DeFi” which could have been summed up in a single statement: “I don’t build for speculators.” In that blog, Andre made his frustrations with the space explicitly clear and stated that “he didn't build for number to go up.” Today we have paid the price and his actions have directly made the ‘number go down.’A Tweet over the weekend from Anton Nell, Andre’s close partner, announced that the two men had officially closed this DeFi chapter. It was made very clear that neither of them intend to return.“Andre and I have decided that we are closing the chapter of contributing to the defi/crypto space. There are around ~25 apps and services that we are terminating on 03 April 2022.” “Most notablyYearn.fi (use yearn.finance)Keep3r.network (use http://thekeep3r.network)multichain.xyz (use http://multichain.org)chainlist.org (lots of people replacing it)solidly.exchangebribe.crv.finance”“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. Thanks you to everyone that supported us over the past few years.”Immediately following the announcement, in true crypto fashion, DeFi began to tumble and the future of the named projects was questioned. The news is sad, but it’s my belief that life (and DeFi) will move on. The sad reality of crypto is that when a developer signs up to code, they also sign up for unwarranted harassment, hacks, bullshit, toxicity, and drama. That’s the unfortunate and immature nature of our space. The good news is that the projects Andre has built don’t require him to be present anymore. There are countless other successful developers that have already picked up where Andre has left off. Will this be a hard blow? Yes, but it’s not the end of DeFi. Like every other piece of "bad news," it is temporary and will be absorbed.As for now, it appears Andre is really gone. His Twitter has been deleted, his website is supposed to shut down on April 3rd, and he has said he doesn’t want to answer questions. But when one door closes, another door opens. Andre may return as an anon account or reappear pursuing another passion.What we can be sure of is that his influence won’t be forgotten and, hopefully, this is a reminder for us to slow down and think before we act. The community pushed him to his breaking point and now everyone invested is paying the price. I do think something positive can come out of this, allowing the community to learn and grow. As a final thought, the story really makes you wonder how the market would react if someone like Michael Saylor or Vitalik Butterin called it quits. If anything, the story should serve as a reminder for us to treat our leaders with a little more respect. Luckily, we are nearing the point at which no one man or woman can pull or push us significantly in a direction. We as a collective hold the power.In This Issue:Andre Cronje Calls It QuitsBitcoin Thoughts And AnalysisLegacy MarketsFantom Responds To Andre Cronje NewsInterest In The Metaverse SlowsFTX EuropeMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO