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21123512 No.21123512 [Reply] [Original]

In brief

YFI creator Andre Cronje is about to throw in the towel on DeFi.
The developer behind yEarn has quit once before.
Cronje cites the "toxic" DeFi community as the reason for his grievances.

Andre Cronje, the hotshot software developer who helped grow decentralized finance

into a multi-billion dollar industry, is tired, broke, and on the verge of quitting, he told Decrypt.

Again.

The South African has spent the year building yEarn, previously called iEearn, which sends its users’ deposits to the most lucrative DeFi

lending markets. In mid-July, the protocol blew up; at its peak, users had $345 million worth of cryptocurrency locked up in yEarn’s smart contracts.

By all measures a huge success. But not for Cronje. “Close to rage quitting again,” he said in an interview today. “So sick and tired of this space.”

Last month, Cronje tried to put some distance between himself and his protocol by creating YFI. The so-called governance token, issued as a reward for people using his protocol, lets holders run the network. Cronje intended for YFI to be “a completely valueless 0 supply token,” he wrote in a blog post. “We reiterate, it has 0 financial value.”

But the protocol became more popular than ever, causing yet more problems: a single YFI is now worth $4,567.

Exactly none of that went to Cronje.

Yes, like anyone else, he still makes money from yield farming, but no billions for him.

https://decrypt.co/37995/exclusive-yfi-andre-cronje-broke-quitting-defi

>> No.21123576

kek
salty that he doesn't understand the power of positive thought

>> No.21123598

What’s with the fud campaign against yfi?

>> No.21123655

>>21123576
kek this

>> No.21123779

He's holding YFI holders hostage
The price depends on Andre being "stable" and right now he isn't

>> No.21123847
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21123847

>>21123512
Dr;ns

>> No.21123885
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21123885

>>21123576
>/t.
Top kek

>> No.21123956
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21123956

buy the fud

>> No.21124684

>>21123779
>He's holding YFI holders hostage
>The price depends on Andre being "stable" and right now he isn't
this fucker made me lost $40k. fucking piece of shit i will fucking fud him and every project he ever invests in every fucking day for the rest of his scamming life

>> No.21125301
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21125301

>> No.21125383

>>21123512
Andre, kys.

>> No.21125542

>>21123512
Andre is s o s h a d y

>> No.21125643

His frustration levels are going to peak again some day, and then what happens? YFI has potential but this guy is the single point of failure, exacerbated by the community bullshit

>> No.21125768

>>21124684
if you were dumb enough to sell into fud, then you only have yourself to blame. price has been recovering over the past few hours and the tweet he just made should put people at ease. the compensation he's going to get once the community figures it out is going to take care of him for the rest of his life.

>> No.21125790

>>21125643
he obviously has a sensitive nature, and it's true he'll get bothered, but at that point he'll have stacks of money and probably will be able to deal with it.

>> No.21125871

>>21123598


they want to buy your YFI at a low cost.

>> No.21125909

>>21125871
That's all it is. That, or they're just bitter they didn't get into it in the first place, but instead of just buying in will just pray for its demise and watch it slip further and further away from them.

>> No.21125917

andre cronje is a mentally ill scammer

>> No.21125941

when i find this piece of shit i will kill him

>> No.21126017

>>21125941
lol, he coded a revolutionary defi platform while you sit on your ass in your pajamas throwing a tantrum. how did you lose $40k when the price is climbing back up to the ATH it hit yesterday

>> No.21126111

>>21125941
he tried to stop the gooks from kung-fu-fighting each other all day at FTM, but they just wouldn't stop

stfu and let him make us a badass yield-bot, I love my double-dipped yaLINKy stinkies

>> No.21126146

Fantom & yfi = the no 1 in world!!!!
Were the in the most rich for we like the hardest the fuck & only the white pink pussy so buy FANTOM & YFI!!!!

>> No.21126187

he probably just had a bad day dealing with roasties and pajeets at work, I know that fucking feel.

>> No.21126945

>>21126017
>lol, he coded a revolutionary defi platform while you sit on your ass in your pajamas throwing a tantrum. how did you lose $40k when the price is climbing back up to the ATH it hit yesterday
if band gets to $13 within the next few days i've made the $40k back and i will forgive him

>> No.21126977

>>21126945
well, i hope it does