secondary title
Without warning, AC suddenly announced its retirement
On February 28th, a news broke the encryption circle. AC’s Twitter account @AndreCronjeTech could no longer be displayed, and people began to speculate that AC may have canceled its Twitter account. Then on the afternoon of March 6, Anton Nell, senior architect of the Fantom Foundation, tweeted that he and AC had decided to withdraw from the DeFi and cryptocurrency field, and would close about 25 applications and services on April 3, 2022.
The encryption community began to discuss one after another. Some people think that AC suddenly quit the circle and ran away. After all, AC also launched Solidly in February, and is pessimistic about the future of the "AC series". Another part of the people expressed their understanding of AC's departure, and paid tribute to AC's innovation and contribution to the encryption circle, and expressed their optimism for the works of "craftsman" AC.
secondary title
Yearn Finance
As the work of AC's first battle, Yearn Finance was just a simple DeFi lending integration platform at the beginning. AC proposed: "The emergence of Yearn Finance is to open a door to invest in DeFi conveniently." He is researching a more convenient way, so that users only need to provide liquidity to the agreement to get benefits.
The debut of Yearn Finance created a precedent for asset management in the crypto circle. As an automated asset manager, Yearn Finance can obtain the highest return possible by allocating users' funds. On July 17, 2020, Andre Cronje published an article titled "YFI", officially announcing the YFI token to people. Yield Farming was also born, and has been called "DeFi's Agricultural Revolution".
As Yearn Finance became famous in the circle, AC started the action of resource integration, merging Yearn Finance with Sushiswap, Pickle Finance, Cream Finance, Akropolis and other projects. The merged projects cover lending, trading, insurance, income Many fields in the DeFi ecosystem, including aggregation, have become more comprehensive.
secondary title
Fantom
Fantom can have the current popularity, AC definitely has a lot of credit. AC has repeatedly posted content related to the Fantom public chain on his Twitter, shouting for Fantom frantically, expressing his support for this public chain. As expected, among the team members announced on Fantom's official website, AC appeared as the "Chief DeFi Architect".
Under the aura of AC, Fantom has made great strides all the way. In addition, the ecological incentive plan released by the Fantom Foundation has further promoted the benign explosion of its ecology on the chain. Many eye-catching projects have appeared in a short period of time, and its TVL has also entered the public chain. The top five in 2021 has become a well-deserved dark horse.
epilogue
epilogue
Looking at the "AC series" launched on the Summit AscendEX platform, it has performed well after being launched on the Summit. Taking Fantom as an example, AscendEX has received enthusiastic response since its launch of its cross-chain bridge network and token FTM. Out of recognition and confidence in Fantom, AscendEX launched a new coin mining segment in early 2022. It chose to cooperate with Fantom in the first phase, and created an annualized rate of return of 1431.75%.
The encryption era of AC has come to an end, but the legend created by AC continues. Both Yearn Finance and Fantom, the representative works that have devoted a lot of effort, have announced that they will continue to serve the encryption market, so AC's contribution to the encryption world will also continue. Regarding the two different evaluations of the crypto community on this AC withdrawal, no matter whether it is praise or criticism, they are all reluctant to part with him. Summit AscendEX will also keep an eye on the follow-up development of the surviving "AC Series" projects, and look forward to new breakthroughs in the "AC Series" in the post-AC era.
