One of the most renowned names in the world of decentralized finance (DeFi) is that of Andre Cronje. The developer has dismissed rumors of him making a comeback to the DeFi industry. Cronje gained recognition in the DeFi space because he is the one who launched DeFi protocols, such as Keep3r Network and Yearn Finance. He was questioned if he was the one behind the Twitter account that posted about his comeback to the industry. The account had been made in this name. However, the 37-year old denied any such claims and said that it is nothing more than a scam.
The South African coder had decided to leave the world of decentralized finance back in March and his decision to do so had broken many hearts. He had developed a number of well-known protocols in the DeFi industry and his decision to leave had resulted in a crash in the prices of the projects in question. It was two weeks ago that rumors about his return had first popped up. The rumors indicated that Cronje had been spotted on GitHub, a popular software development platform. It was also said that the developer was working on fUSD, the native stablecoin of the Fantomecosystem.
The Fantom (FTM) token had experienced a short rally after this rumor hit and it had climbed to $0.42. This was a 20% increase in the token’s price and had come at a time when there was a massive sell-off happening in the crypto market, partly because the LUNA token had crashed. At the time of publishing, the FTM token was trading at a value of $0.37, which marks an increase of 0.1% in the previous 24 hours. There is an account on Twitter under Andre Cronje’s name and it has become quite notorious for pretending to be the developer.
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According to the account, the decentralized finance architect was once more active in the crypto space, but was doing it in private. In fact, the account went as far as highlighting the reasons that Cronje had decided to leave. It said that Cronje had decided to quit because of the pressure from the haters. It said that he had recharged his batteries and was now ready to start building things again. A link had also been posted via the account on June 5th, which led to ‘Bearn Finance’. It was meant to help people in exchanging different assets.
But, the tweet was deleted. There are about 4,500 followers and the account had managed to fool some notable people into following as well. These include Ran Neuner, a host on CNBC, Delphi Labs’ Jose Maria Macedoand Trader Joe’s pseudonymous founder, Crypto Fish. Andre Cronje is often considered as the godfather of the world of decentralized finance. He is renowned for the development of the Yearn Finance protocol, as its native token YFI was able to go from a value of $0 to $40,000 in a couple of months.