YFI founder: DeFi community "toxic", physically and mentally tired to leave
Rhythm of BlockBeats news, the recent fire of DeFi project & NBSP; Andre Cronje, the founder of Yearn Finance (YFI), said inan interview that he was tired and on the brink of bankruptcy and wanted out of the "toxic" DeFi community.
A well-known encryption developer, Andre Cronje helped DeFi grow into a multi-billion dollar industry. But as recently reported by Decrypt, which encryption enthusiasts see as a technology powerhouse, Decrypt is trying to pull out of the community, which it calls DeFi "toxic."
Andre Cronje and the people he founded
Cronje Gone a year to set up forever (formerly known as iEearn), the deal has helped move users' deposits into the most lucrative market, DeFi. In mid-July the agreement was hard-forked; At its peak, users locked in $345m worth of cryptocurrency in their smart contracts. And forever has helped bring a mobile mining boom to a climax.
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Anyway, from various aspects, this agreement is a great success. But for Cronje is not the case. He said in an interview in today: "(think) again angrily out of the race." "I'm tired of this place."
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This is not the first time he has made such comments. In late February, Cronje also complained that the DeFi community was toxic. He says that when you try to create an unmanaged loan agreement for the world, it [the DeFi community] will spit on you. The reason, according to Rhythm, was that the Cronje was accused by the community at the time of having too much power.
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"I think it's a lot better now. I think I was naive," he said today.
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Last month, Cronje tried to distance himself from his protocol by creating YFI. He then introduced the Governance token, YFI, as a reward for those who use his agreement, and added a liquidity mining function to the agreement, according to A report at the time. Cronje announced in his first blog post that he intends to make his governance token YFI "a completely worthless token". This means that the initial price of the token is 0, and then the community decides the price of the token.
The governance tokens after launch, the agreement becomes more popular than ever before, also has brought more problems: a YFI now worth $4235 (as of the time). Because there is no dig, Cronje, almost didn't get much profit. Yes, like everyone else, he can also get some returns from liquidity dig, but created the value of a dozen million agreement itself is almost has nothing to do with him.
Cronje, there is no work, said he spent 42467 dollars to build the yEarn And in the audit and spent twice as much on the events. "I started YFI is to give up these control and cost," he said. In order to raise the money, he had to own the house loan, now has about $20000 of debt.
Questioned by the community, physically and mentally exhausted
But on August 7th a pseudonymously named encryption researcher, "Hasu", sent Cronje a draft of a blog post alleging that Cronje could steal some $40m from the river of my heart at any time.
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Hasu to Cronje, said: "when I saw a man (as far as we know, his name may not even Cronje) keep $40 million, I think" this is a potential risk. People should evaluate at least before investment." "
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"I believe he was just trying to help," Cronje said. But he told the researchers said: "I just don't understand why everyone is so hostile, so much for my project. There are millions of dollars of risk investment projects can steal money immediately, hosting service pretends to be deprived of funds, have active deception. But now I have been here, I haven't a penny to raise, strive to build agreement on their own, but 24 hours a day are being attacked,"
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Cronje said he told people not to use his protocol, and when concerns were raised, he gave control of the tokens to the community. Moreover, after reading Hasu's draft, Cronje immediately abandons yEarn ; The user controls the money, giving it to a wallet controlled by the community.
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"I just don't get it, man. I'm tired of this place. Nothing's changed." Cronje was overwhelmed with grief, saying, "There is no point in trying to be a builder of this field." But As Stani Kulechov, the founder of the Aave loan agreement, observes, "Cronje likes to build things. He'll always come back."
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"The last time I came back to the community, I was hoping it would change." Cronje said. But right now, the community is too messy. He hopes dozens of YFI copycat projects will clone the heart and help him stop fretting. "So I can get out of this toxic space."
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