Merccurial developer leaves DeFi development, causing investors to run for the exit Hundreds of tokens are dropping in value with news that prolific developer Andre Cronje is quitting – including those with only tenuous ties to the DeFi maven.It was announced on Sunday by Nell, Cronje’s frequent collaborator, that they would “close the chapter” on developing decentralized finance.https://www.freepikcompany.com/legalLast week, there was speculation that such an announcement was imminent after Cronje deleted his Twitter account and updated his LinkedIn to reflect that he no longer served as an advisor to the Fantom Foundation. In spite of warning signs, the market has reacted violently.Recent release Solidly, an AMM with hybrid automation, has plummeted as much as 75% on the day. Likewise, automation platform Keep3r is likewise down 25%, and lending platform Iron Bank is downDetail Expansion Moreover, Cronje’s effect has even extended to projects that only have tenuous connections to it
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