YFI founder Andre Cronje Lays Out DeFi Development Difficulties in Blog Post

YFI founder Andre Cronje Lays Out DeFi Development Difficulties in Blog Post

By Abhimanyu Krishnan | News | 13 Jan 2021


Yearn.finance (YFI) founder Andre Cronje described the difficulties of developing in the DeFi space, listing out criticisms in a Jan. 12 blog post, and asking readers to ‘take it in context.”

  • In the post, Cronje vents out the frustrations about developing solutions in the DeFi space, calling out unrealistic community demands, double standards, among other things
  • The post is not meant to be taken too seriously; Cronje says that real users are scarce, development is expensive, and that community governance could be hindrance
  • Cronje has been subject to both praise and criticism from the community, and is known for his forthright opinions on DeFi and investor behavior
  • As for advice, Cronje sarcastically says that it would be more profitable and easy to trade altcoins than work as a DeFi developer
  • Cronje’s statements allude to such incidents as when investors sued him for an incident related to the Eminence Finance project

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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