THELOGICALINDIAN - Legendary DeFi developer Andre Cronje is advancing to barrage a new activity on Fantom with the advice of Daniele Sestagalli
Andre Cronje and Daniele Sestagalli, two of the best admired abstracts in decentralized finance, accept hinted at a new artefact and badge bottomward on the Fantom blockchain this month.
Andre Cronje Announces “New Experiment” on Fantom
Andre Cronje has appear that he will be ablution a new activity on Fantom—and it’s set to accept its own token.
https://twitter.com/AndreCronjeTech/status/1477253656986722307
Cronje, the abounding coder and allegorical DeFi architect best accepted for creating the crop access apparatus Yearn.Finance, aboriginal appear that he would be ablution a new activity on Fantom at the alpha of the month. “I’m deploying a new agreement on Fantom this month,” he tweeted on Jan. 1.
The activity is reportedly a accord amid Cronje and Daniele Sestagalli, the architect of Abracadabra.Money, Wonderland.Money, Popsicle.Finance, and self-anointed baton of the “Frog Nation”—a crypto-native movement focused on attention decentralization in DeFi.
Sestagalli appear the accord amid the Frog Nation and Cronje on Twitter today, able that the barrage would bang off “Fantom Season!” He said:
“If you’re asking, me and Andre are ablution a new bread on #fantom and it will alpha Fantom Season! We started here, is accustomed we now appear aback to advance the ecosystem and tech that fabricated me who I am today. Folded hands”
Besides the advertisement and a few cryptic tweets, Cronje and Sestagalli accept been backstairs about the project. The alone capacity appear so far are that the project, due to barrage on the Fantom blockchain ancient this month, would be synergistic with the Frog Nation’s ecosystem of dApps, and accept a fair launch—meaning the absolute badge accumulation is set to be allocated to the community.
Cronje hinted at the fair barrage in a Monday cheep back he shared—without added comment—a account that acceptable showcases the tokenomics breakdown of the new backstairs project.
https://twitter.com/AndreCronjeTech/status/1477993815650848775
The breakdown suggests that the new activity will barrage after a seed, private, or accessible badge sale. Instead, the absolute badge accumulation will be allocated to the community, acceptable through a clamminess mining event.
Despite actuality broadly admired as one of the best abounding developers and founders in the space, Cronje has additionally has accumulated a bad acceptability amidst assertive association associates due to his “test in prod” mentality. In September 2020, he deployed a alternation of new and unaudited acute affairs pertaining to a activity alleged Eminence anon afore it was hacked for almost $15 million. Although the bodies who invested knew that the activity hd neither launched nor been audited, abounding abhorrent Cronje for his declared role in active a “rug pull” on them afterward the hack.
Notably, Cronje is additionally accepted for allowance the Fantom Foundation barrage the EVM-compatible Opera mainnet in December 2019. Fantom is currently one of the better Layer 1 blockchains with a fast-growing DeFi ecosystem in the space, allusive the brand of Solana, Terra, Avalanche, and NEAR. The Fantom Foundation recently revealed that the cardinal of different addresses interacting with the Fantom arrangement has developed from almost 5,000 in January to over 1.5 actor in December 2021, appearance a user abject advance of 29,452% over the year.
According to data from DeFiLlama, the absolute amount bound in DeFi protocols on Fantom is currently over $6 billion. Fantom’s built-in token, FTM, is currently the world’s 28th better cryptocurrency with a bazaar assets of about $7.5 billion. It’s afresh benefited from a Layer 1 bang that’s additionally apparent added bill like NEAR arise in value. It’s up over 90% in the aftermost two weeks.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies. Andre Cronje is an disinterestedness holder in Crypto Briefing.
