Coin-Turk 24 minutes ago
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Andre Cronje, known as the Father of DeFi, faced a challenging decision in 2022 when fears gripped the cryptocurrency community regarding a potential market collapse. With the price of major cryptocurrencies like Bitcoin 
$102,246 plummeting to around $15,500 and concerns mounting among investors, Cronje found himself at a crossroads. This article delves into the reasons behind Cronje’s difficult choice during these turbulent times.
Andre Cronje and His Resignation
Well-known as the Father of DeFi, Cronje was compelled to cease his activities in 2022. He had launched Yearn in January 2020 and avoided token sales to prevent regulatory issues, ensuring compliance with securities laws. Furthermore, he did not profit financially from the protocol, emphasizing its open-source nature.
“I did not earn any fees from the protocol, nor did my team receive any. The protocol had no financial benefit for me; …
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