The day Anton Nell tweeted the he and Andre Cronje are leaving the cryptocurrency scene a huge uproar ensued. But it seems it was not a cut-and-dried as everyone believed. Andre Cronje is back on the scene and we’re all eager to hear what he is planning.
There was a great deal of FUD around the fact that Andre Cronje had full minting rights over yearn. Several Netizens were proclaiming that Andre could at any point just rug the project and steal their money. Shortly after this, Andre was asked by Banteg to transfer minting rights in Yearn over to a multi sig just created at the time. He felt it was a personal attack on his character but he transferred the rights over anyway as he did not want people to feel fear surrounding his project. That was the pivotal moment for him when he decided to move away from Yearn ,Solidly and Fantom.
If you don’t want me at my worst you shouldn’t get me at my bestAndre Cronje
Hearing he is back will surely encourage celebration however before all DeFi fans start popping champagne they should know that he is not planning on creating moon bound yield farms or revolutionary tokenomic models. His future now seems to be in a far calmer bit of the crypto ocean, the world of regulated crypto.
In his recent medium article published on the 19th of April 2022, Andre Cronje announced the himself along with some currently annanamous collaborator started work on several projects the compliance and regulation of crytpo. To name a few, their core focus is on risk reporting and state-supported national blockchains, compliant custody products, National Blockchains and Clearing house & Stock exchange tokenization portals were mentioned .
Many will feel that this is moving away from the core of the decentralized realm, but the only true constant in this world is change. Only time will tell exactly what this will mean to the scene as a whole.