YFI’s Andre Cronje Re-Confirms He’s Not Quitting DeFi and ‘Still Building’

2020-10-11 23:01

Popular Yearn.Finance creator Andre Cronje came on Twitter after a 10-day hiatus to deny the reports of him leaving the project.

“Still here. Still building. Nothing has changed. Anyone that says otherwise fuck off. I'm just done tweeting and being on social media,” tweeted Cronje.

The clarification came after CoinDesk reported that Cronje is quitting DeFi, and other employees have taken over the project.

Before this, there have been rumors floating in the market about him quitting the project, with some team members saying that is not the case.

“I’m not building anything at all anymore,” he reportedly told the publication earlier this month.

“I do it because I’m passionate, but if people are going to use my test environments, then lose money, and then hold me liable, it means there is 0 upside and only risk for me.”

This has been concerning Cronje’s other product Eminence.Finance rug pulling $16 million.

This isn’t the first time such a thing has happened. In August, Cronje had told another publication that he is quitting DeFi, after having similar thoughts in February this year, only to change the course as he said he won’t leave the space and will continue to build.

On Friday, the price of YFI found its bottom just under $12,300 to rally above $19,500, but today, the price went down to $16,880 before making its way above $17,300 to only fall back down to the current price of $16,630.

yearn.finance Live Price 1 YFI/USD =16,102.3571 change ~ -11.27

Coin Market Cap

482.55 Million

24 Hour Volume

1.77 Billion

24 Hour Change

-11.27 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~YFI~USD");

The post YFI’s Andre Cronje Re-Confirms He's Not Quitting DeFi and 'Still Building' first appeared on BitcoinExchangeGuide.

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