The developer of the Yearn finance and Kee3r decided to leave the crypto Industry and further it resulted in huge corrections in the project established by them.
On 6 March, the developer of keep3r & Yearn. Finance, Andre Cronje, and his friend Anton Nell decided to close the chapter of the Defi crypto Industry contribution from their end.
Andre and I have decided that we are closing the chapter of contibuting to the defi/crypto space.
There are around ~25 apps and services that we are terminating on 03 April 2022.
1/3— Anton Nell (@AntonNellCrypto) March 6, 2022
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With this decision, a total of 25 Dapps will face termination from the Yearn.Finance, Keep3r Network, Solidly, and other defi protocols. The termination process will start on the 3rd of April.
For a small hour interval of time, the native token of Yearn finance plunged by around 13%. Right now the price of YFI is $19606, which is 3% low over its last 24 hours trade price.
Yearn finance grabbed huge attention in the crypto Industry after the mid of 2020 but later it continuously faced downfall. Since one year, the price of YFI has dropped by approx 50%.
Since 3 March, Fantom Protocol has lost a total value locked in its ecosystem of $3.35 billion. The native token of FTM also faced correction to around 13% because of this negative news impact. However, the departure of the Devs was not directly related with Fantom but their projects are related to each other.
The bad news came for Solid token because its price crashed to around 60% in a very less time frame. At the time of writing this article, the price of a Solid token is $1.09 and this price is 64.3% down over the last 24 hours.
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Read also: Bitcoin is pure gold, says Apple co-founder
Yearn.Finance and Keep3r facing huge correction: Devs quit
https://bitcoinik.com/yearn-finance-and-keep3r-facing-huge-correction-devs-quit/feed/
https://bitcoinik.com/yearn-finance-and-keep3r-facing-huge-correction-devs-quit/feed/
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