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Andre Cronje, the creator of Yearn.Finance has launched a new Ethereum-based token

Photo of: Janeth Diamond
by Janeth Diamond

We have all seen how the initiation of Yearn.Finance has revolutionized the DeFi space taking it to its acme and the growth story is constantly reaching new peaks, setting new benchmarks along the way. The founder and creator of Yearn, Andre Cronje has been on a continuous development model and has now launched a new crypto project still under the radar yet high on performance. 

The new project is named Keep3r network and considering that Andre Cronje a few days ago said he was done with social media, chose to unveil the new project on the code hosting platform GitHub. On his Github Page, he said that the new finding Keep3r network is positioned as a marketplace wherein projects can look for those users who can perform a particular job. 

“Keep3r Network is a decentralized keeper network for projects that need external DevOps and for external teams to find keeper jobs… 

Taking the literal meaning of keeper, it is a term that is used to refer to an external person or a team consisting of those people who complete a given task or job. 

The new network Keep3r’s Github page also highlights that the projects also will provide an additional option to provide a set of criteria just to ensure that they get the right person for the right job. 

“You can specify a minimum bond, minimum jobs completed, and minimum Keeper age required to execute this function. Based on these three limits you can define your own trust ratio on these keepers.”

As per the details elucidated on the GitHub page, freelancers will get the decided payment in the form of Keep3r network’s Ethereum-backed native asset called KPR after the job has been completed to satisfaction. Those who post jobs on it also can get KPR by providing KPR-WETH liquidity in Uniswap. 

But we have also observed that by not putting it on social media, there has been very little hype surrounding the new launch. Yet despite that, there have been reports that the value of KPR has soared high by over 2500% right from $59 when it was first launched on Uniswap to $1554 now. 

Andre Cronje has apparently quit social media after receiving threats from members of the cryptocurrency community. 

Source: Twitter

Cronje said that his incomplete and yet unreleased Eminence protocol (EMN) hack resulted in these threats. In the hack, $15 million in liquidity was stolen and the hacker sent $7.5 million in ETH to Cronje as an apology.

The event happened when Cronje called it a day for work and after he woke up he found out that the hacker in the most mysterious ways gave him half of the stolen funds. And after the publication of his roadmap for the refund of Eminence investors ($8 million), Cronje has not been involved in social media.