From the edge code farmer to the DeFi center, the encryption era of AC has come to an end

On the afternoon of March 6, Anton Nell, a DeFi developer and senior architect of the Fantom Foundation, tweeted that he and Andre Cronje (AC) have decided to withdraw from the DeFi and cryptocurrency fields and will close on April 3, 2022 for approximately 25 apps and services, including yearn.fi, keep3r.network, chainlist.org, solidly.exchange, and bribe.crv.finance, among others. Anton Nell said this was not a knee-jerk reaction to hatred of the project, but a decision that had been in place for some time.

The crypto community exploded at once.

Some people scolded: AC "rug pull run away"; irresponsible to users and investors; saying that it was a decision to quit for a while, but still launched Solidly in February to cut the last wave of leeks.

There are also people who support it: I pay tribute to AC’s continuous innovation and contribution to the DeFi field over the years; I think that AC is a real builder who pays more attention to the product level than other people who have made a lot of money in the crypto circle.

The end of the crypto era for AC

AC's withdrawal is not without warning.

Previously, Andre Cronje had already cancelled his Twitter account, and noted on Linkedin that his work period in products such as Fantom and Yearn Finance will end in February 2022.

On February 25, Yearn Finance, the earliest DeFi product revenue aggregation protocol launched by AC, announced that the project had merged multiple projects at the end of 2020, including SushiSwap, CREAM Finance, Akropolis, Pickle Finance, etc. There was strong collaboration and many successes, but the projects never became truly merged entities and created confusion and uncertainty about roles and responsibilities within their respective communities, slowing decision-making.

As such, each protocol will operate independently in the future while maintaining a partnership with Yearn Finance. Additionally, Iron Bank will operate as an independent project with its own communication channels and front end, while continuing to serve as a liquidity partner for Yearn Vaults.

It can be said that due to continuous innovation, experimentation, success, and overturning, AC has been challenged by the community while gaining fans in the past two years. It has long been caught in the whirlpool of controversy due to the rollover of many new projects. After handing over all YFI tokens and control to the community, AC launched Eminence (EMV), a multiverse game project based on the Gamefi concept in September 2020. Since Eminence is untested, there are loopholes, and hackers use flash loan attacks 15 million DAI were stolen, which brought the EMV price to almost zero. Subsequently, the hacker transferred $8 million into the contract address of AC. For a while, the lying AC became the focus of conflict, and even received "death threats" from the DeFi community.

AC has also repeatedly called the DeFi community toxic. In his opinion, developing by himself is not for speculators, but for developers. His core goal is to develop tools that make it easy for other developers to use or inherit the templates he designs and use them to create products. He worries that the participation of speculators can lead to a dysfunctional incentive system. He also said that DeFi made me ignore my life, my health, my mind.

In any case, when such a departure was officially announced, the community was still shocked. The projects it has closely cooperated with and created, such as Fantom, yearn.finance, solidly, Multichain, etc., all plummeted.