Yearn Finance (YFI) Down 13% Following Andre Conje’s Exit
Yearn Finance (YFI) has plunged rapidly following the surprise exit of its key players. The cryptocurrency which had been following the market trend had broken off the step with the rest of the space as the news sent ripples through the community. The plunge which occurred on Sunday came as a direct result of uncertainty spread across the community after Anton Nell announced that he, alongside Andre Conje, would be exiting the space. Nell had taken to Twitter to post the shocking exit. According to him, he and Conje had been planning their exit for a while and would officially stop....
Related News
Crypto developer Andre Cronje popularized the motto “I test in prod”. He was involved in some of the most popular decentralized finance (DeFi) protocols in the space, such as Yearn Finance and Fantome. In March, Cronje announced his retirement sending a shockwave across the sector. Related Reading | Fantom Foundation Responds To Andre Conje’s Departure In […]
Fantom Foundation has responded to the news of Andre Conje exiting crypto. The announcement which came early on Sunday saw Anton Nell and Andre Conje announce their departure from crypto and decentralized finance (DeFi) and any contribution thereof. This had sent shocked the community as it came seemingly out of nowhere, leaving many questioning the […]
Yearn Finance founder Andre Cronje’s new defi token called KP3R has soared more than 3,600% in just over 24 hours after official launch, as yield farmers pour in millions of dollars into the project. The token opened at just $10 on Uniswap on Oct. 28, but is currently trading at $373.58, as of press time. According to Coingecko data, over $402 million in volume has been traded in the past 24 hours, with investors providing a total $7.6 million in liquidity. The digital asset’s market capitalization exploded similarly, reaching $73.6 million – a level equalling number 109....
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to a recent blog post published on Medium, a group of defi community members plan to sue Yearn Finance founder, Andre Cronje, and fork YFI as well. As news.Bitcoin.com recently reported, there’s been a lack of trust in Cronje’s work since an undercover project that didn’t even launch....
Yearn.finance (YFI), a leading decentralized finance protocol, has been hyping up the launch of its v2 Vaults. While Yearn.finance is an umbrella DeFi ecosystem, it is currently best known for its Vaults product. Vaults are contracts where users can deposit cryptocurrencies such as Ethereum, USDC, YFI, and others to earn a regular yield paid in […]