Friday, February 3, 2023
198TLTG VIETNAM MASS MEDIA CAMPAIGN SUPPORT TEAM
  • Login
198 Vietnam News
No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • FEATURED NEWS
    • VIETNAM USA TRADE NEWS
    • VIETNAM EU NEWS
    • VIETNAM AFRICA NEWS
    • VIETNAM UK NEWS
    • VIETNAM GULF NATIONS NEWS
    • VIETNAM CHINA NEWS
    • VIETNAM INDIA NEWS
    • VIETNAM BRAZIL NEWS
    • VIETNAM THAILAND NEWS
    • VIETNAM NIGERIA NEWS
    • VIETNAM EGYPT NEWS
  • POLITICAL
  • CRYPTO
  • MANUFACTURE
  • TECH
  • READ MORE NEWS
    • 198TLTG VIETNAM MASS MEDIA CAMPAIGN
    • VIETNAM AGRICULTURE NEWS
    • VIETNAM IMMIGRATION NEWS
    • VIETNAM SCHOLARSHIP NEWS
    • VIETNAM JOINT VENTURE NEWS
    • VIETNAM EDUCATION NEWS
    • VIETNAM PARTNESHIPS
    • VIETNAM UNIVERSITY NEWS
    • VIETNAM BUSINESS HELP
    • VIETNAM VENTURE CAPITAL NEWS
  • ASK IKE LEMUWA
  • CONTACT
  • HOME
  • VIDEOS
  • BUSINESS
  • FEATURED NEWS
    • VIETNAM USA TRADE NEWS
    • VIETNAM EU NEWS
    • VIETNAM AFRICA NEWS
    • VIETNAM UK NEWS
    • VIETNAM GULF NATIONS NEWS
    • VIETNAM CHINA NEWS
    • VIETNAM INDIA NEWS
    • VIETNAM BRAZIL NEWS
    • VIETNAM THAILAND NEWS
    • VIETNAM NIGERIA NEWS
    • VIETNAM EGYPT NEWS
  • POLITICAL
  • CRYPTO
  • MANUFACTURE
  • TECH
  • READ MORE NEWS
    • 198TLTG VIETNAM MASS MEDIA CAMPAIGN
    • VIETNAM AGRICULTURE NEWS
    • VIETNAM IMMIGRATION NEWS
    • VIETNAM SCHOLARSHIP NEWS
    • VIETNAM JOINT VENTURE NEWS
    • VIETNAM EDUCATION NEWS
    • VIETNAM PARTNESHIPS
    • VIETNAM UNIVERSITY NEWS
    • VIETNAM BUSINESS HELP
    • VIETNAM VENTURE CAPITAL NEWS
  • ASK IKE LEMUWA
  • CONTACT
198 Vietnam News
No Result
View All Result

DeFi pioneer Andre Cronje quits industry, associated projects slump

by 198 Vietnam News
March 7, 2022
in VIETNAM CRYPTO NEWS
0
Home VIETNAM CRYPTO NEWS
Share on FacebookShare on Twitter

[ad_1]

Symbiosis

The rumors of their exits have despatched the tokens of initiatives related to them crashing amidst fears of a rug pull. Cronje’s affiliate, Anton Nell announced over Twitter:

“Andre and I’ve determined that we’re closing the chapter of contributing to the defi/crypto house. There are round ~25 apps and providers that we’re terminating on 03 April 2022.”

Within the thread, he acknowledged that each have determined to cease contributing to the DeFi house and terminate their relationships with 25 apps and providers. Amongst them are Yearn Finance, Keep3r community, Chainlist, Solidly, and Multichain.

In line with Nell:

“In contrast to earlier “constructing in defi sucks” rage quits, this isn’t a knee jerk response to the hate obtained from releasing a mission, however a choice that has been coming for some time now.”

Worth of linked initiatives crash

The information has led to tokens related to these initiatives shedding a major share of the worth. Though some have barely recovered, they’re all nonetheless within the crimson.

Fantom community, the place Anton Nell served as a senior options architect for the Fantom Basis, has seen nearly a 13% drop within the worth of its token FTM prior to now 24 hours, per information from CryptoSlate.

Throughout the identical interval, Yearn. finance (YFI) has dropped by 6%, Solidly (SOLID) decreased by 67%, Multichain (MULTI) misplaced nearly 14%, and Chainlist fell by 4.3%. All these exhibits simply how influential Cronje is within the business. But it surely additionally confirmed how miscommunication might spoil initiatives within the DeFicontributing house.

Senior Options Architect of Fantom Basis Anton Nell stated he and Andre Cronje will shut the chapter of contibuting to the defi/crypto house. There are round 25 apps and providers that they’re terminating on 03 April 2022. https://t.co/uM1yeDv01i

— Wu Blockchain (@WuBlockchain) March 6, 2022

Andre Cronje‘s preliminary response to the matter on the Keep3r telegram group made it appear to be the initiatives had been folding up. However, in actuality, he was handing over to different groups. The worry of a rug pull led to the huge sell-offs by numerous holders. As many rushed to withdraw their funds, Fantom Community GAS rose to as excessive as 10,000 gwei.

Nevertheless, the staff behind the initiatives has tried to make clear issues. In line with Fantom Basis, the exit of Cronje doesn’t have an effect on the mission as “Fantom isn’t and by no means was a one-man staff. There are 40+ folks working at Fantom.”

We’re extraordinarily grateful to Andre for all he did for crypto as an entire.

Nevertheless, Fantom is not and by no means was a one man staff.

There are 40+ folks working at Fantom.

— Fantom Basis (@FantomFDN) March 6, 2022

It added that the “improvement of Fantom received’t be impacted by Andre’s resolution. Large issues are coming, as scheduled.”

Banteg of Yearn Finance additionally tweeted:

“Folks burying YFI, you do notice Andre hasn’t labored on it for over a 12 months? And even when he did, there are 50 full-time folks and 140 part-time contributors to again issues up.”

This received’t be the primary time that Andre Cronje can be quitting. He has been contemplating quitting way back to 2020. Solely time will inform if he’ll come again.

Get your every day recap of Bitcoin, DeFi, NFT and Web3 information from CryptoSlate

It is free and you may unsubscribe anytime.

Get an Edge on the Crypto Market 👇

Change into a member of CryptoSlate Edge and entry our unique Discord neighborhood, extra unique content material and evaluation.

On-chain evaluation

Worth snapshots

Extra context

Be part of now for $19/month Discover all advantages



[ad_2]

Source link

Tags: AndreCronjeDeFiindustrypioneerProjectsquitsslump
Previous Post

Russia warns that a WWIII 'would involve nuclear weapons'

Next Post

Australia news updates live: crash closes Sydney Harbour Bridge; PM flags ‘enormous’ flood recovery effort; Turnbull criticises submarine base plan | Australia news

Related Posts

VIETNAM CRYPTO NEWS

Crypto Market Review, July 28

by 198 Vietnam News
July 28, 2022
VIETNAM CRYPTO NEWS

Web3 domain provider Unstoppable Domains raises $65 million to reach $1 billion valuation

by 198 Vietnam News
July 28, 2022
VIETNAM CRYPTO NEWS

Stablecoins Backed by “Risky Assets,” IMF Exec Warns

by 198 Vietnam News
July 28, 2022
VIETNAM CRYPTO NEWS

South Korean Authorities Issued a Notice Upon Arrival to Do Kwon (Report)

by 198 Vietnam News
July 27, 2022
VIETNAM CRYPTO NEWS

Dogecoin “Takes Over” Fast-Food Giant Chipotle

by 198 Vietnam News
July 26, 2022
Next Post

Australia news updates live: crash closes Sydney Harbour Bridge; PM flags ‘enormous’ flood recovery effort; Turnbull criticises submarine base plan | Australia news

The only way to avoid nuclear war is disarmament

Nightly News Full Broadcast - March 6

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Crypto Market Review, July 28

July 28, 2022

Coach Park reveals secret to success with Vietnam

July 28, 2022

Surviving the Food Crisis in North-east Nigeria — Global Issues

July 28, 2022

US carrier strike group returns to South China Sea amid Taiwan tensions

July 28, 2022

At least 42 dead in India after drinking toxic alcohol

July 28, 2022

Unearthing the past: How Vietnam searches for wartime graves in Laos

July 28, 2022
198 Vietnam News

198 Vietnam News is a a one-party Communist state, has one of south-east Asia's fastest-growing economies and has set its sights on becoming a developed nation by 2020.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198vietnamnews.com

LATEST UPDATES

Crypto Market Review, July 28

Coach Park reveals secret to success with Vietnam

Surviving the Food Crisis in North-east Nigeria — Global Issues

US carrier strike group returns to South China Sea amid Taiwan tensions

At least 42 dead in India after drinking toxic alcohol

Unearthing the past: How Vietnam searches for wartime graves in Laos

Social media ‘gurus’ prey on India’s small retail investors | Business and Economy News

RECOMMENDED

Congratulations to Sweden on National Day

Venmo owner PayPal is one of the worst stocks of 2022

EU expands economic cooperation – Nhan Dan Online

Football: Hasan’s game plan works wonders as Malaysia shock Vietnam

Differences Between Traditional Family And Modern Family

Vingroup partners with Brighton College to bring UK’s “Independent School of The Decade” to Vietnam

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 198 Vietnam News.

No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • FEATURED NEWS
    • VIETNAM USA TRADE NEWS
    • VIETNAM EU NEWS
    • VIETNAM AFRICA NEWS
    • VIETNAM UK NEWS
    • VIETNAM GULF NATIONS NEWS
    • VIETNAM CHINA NEWS
    • VIETNAM INDIA NEWS
    • VIETNAM BRAZIL NEWS
    • VIETNAM THAILAND NEWS
    • VIETNAM NIGERIA NEWS
    • VIETNAM EGYPT NEWS
  • POLITICAL
  • CRYPTO
  • MANUFACTURE
  • TECH
  • READ MORE NEWS
    • 198TLTG VIETNAM MASS MEDIA CAMPAIGN
    • VIETNAM AGRICULTURE NEWS
    • VIETNAM IMMIGRATION NEWS
    • VIETNAM SCHOLARSHIP NEWS
    • VIETNAM JOINT VENTURE NEWS
    • VIETNAM EDUCATION NEWS
    • VIETNAM PARTNESHIPS
    • VIETNAM UNIVERSITY NEWS
    • VIETNAM BUSINESS HELP
    • VIETNAM VENTURE CAPITAL NEWS
  • ASK IKE LEMUWA
  • CONTACT

Copyright © 2022 198 Vietnam News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In