Yearn.Fi and Keep3r developer Anton Nell with teammate Andre Cronje DeFi After announcing on Twitter that he was ending his work in the field, there was a sharp decline in cryptocurrencies associated with this duo.
Along with the sharp drops in price, we see that the locked assets on these projects are withdrawn.
After Andre Cronje and Anton Nell announced their separation Phantom There was a 21.16% pullback in the total asset value locked on
Solidly and Solidex’s TVL, led by Andre Cronje on Phantom, fell 44.61% and 45.22%.
Calm Call from the CEO
With the panic PhantomThe escape accelerated. Meanwhile Michael Kong, CEO of the FTM foundationAn explanation came from Expressing that Anton and Andre’s separation was misunderstood, Kong said; “This is misunderstood. They are “terminating” their participation, but projects will be handed over to the team in their current form.”
On March 3, the locked value on Phantom was $12 billion, now down to $7 billion. As of this date, the withdrawal in FTM has exceeded 30%.
