When Shift Happens Podcast

E116: CoFounder of Sonic Labs: Why He Gave Away Billions in Crypto (and now completely regrets it)


Listen Later

In this revealing conversation, DeFi pioneer Andre Cronje discusses building protocols worth billions and his decision to give away 100% of the tokens.

After creating Yearn Finance without keeping anything for himself, Andre shares how these experiences dramatically changed his view of human nature.

From facing SEC threats to his work on Sonic blockchain, he explains why his approach to crypto has fundamentally changed.

Discover why one of the industry's most influential builders now plans to align incentives differently in his upcoming projects.


In this episode, we talk about:

• Crypto World Fascination

• The Truth Behind Solidly

• The Struggles of Online Fame

• Going All-In on Crypto

• Giving Away 100% of Tokens

• Why Andre No Longer Trusts Anyone

• The Pressure of People's Money

& much more!

__________________________________


PARTNERS


💳 Trezor is the safest cold storage wallets for crypto security and financial independence.

Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356


🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana.https://jup.ag/


🌱 Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.https://bitwiseinvestments.com/


💧Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.https://sui.io/


♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com


🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology.


Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.

https://www.mantle.xyz

__________________________________

FOLLOW ANDRE CRONJE

• Twitter: https://x.com/andrecronjetech

• Twitter: https://x.com/SonicLabs

• LinkedIn: https://www.linkedin.com/in/andre-cronje/

• Website: https://www.soniclabs.com/


FOLLOW KEVIN & WHEN SHIFT HAPPENS👇

Twitter (X): https://x.com/KevinWSHPod

Instagram: https://www.instagram.com/kevinwshpod/ TikTok: https://www.tiktok.com/@kevinfollonier_

Linkedin: https://www.linkedin.com/in/kevinfollonier/

Website: https://www.podpage.com/when-shift-happens/


__________________________________


DISCLAIMER


The info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.


#Entrepreneurship #Crypto #News


__________________________________


0:00 Trailer

1:35 Please Subscribe

2:00 Partnerships

2:46 Solving Problems with Code

4:10 Who is Andre Cronje?

5:58 Thriving in Self-Paced Environments

9:38 Why Law Wasn’t for Me

10:46 How I Found Computer Science

12:12 Self Custody with Trezor

13:05 Crypto World Fascination

16:04 Going All-In on Crypto

19:41 Fantoms Original Idea

21:42 Building Yearn: The Beginning

26:55 Money Motivated vs. Long-Term Vision

31:00 The Struggles of Online Fame

35:52 The Truth Behind Solidly

41:49 The Pressure of People's Money

44:34 Giving Away 100% of Tokens

46:18 The SEC’s Persistent Inquiries

49:42 Leaving Twitter

50:45 Why I No Longer Trust Anyone

53:36 The Return to Twitter

54:52 What is Sonic Labs?

1:01:53 Sonic Labs vs. Fantom

1:02:41 New York vs. Cape Town

1:03:16 Concluding Remarks

...more
View all episodesView all episodes
Download on the App Store

When Shift Happens PodcastBy Kevin Follonier

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

7 ratings


More shows like When Shift Happens Podcast

View all
Unchained by Laura Shin

Unchained

1,207 Listeners

Real Vision: Finance & Investing by Real Vision Podcast Network

Real Vision: Finance & Investing

915 Listeners

The Pomp Podcast by Anthony Pompliano

The Pomp Podcast

1,839 Listeners

The Breakdown by Blockworks

The Breakdown

741 Listeners

On The Brink with Castle Island by Castle Island Ventures

On The Brink with Castle Island

286 Listeners

Bankless by Bankless

Bankless

1,028 Listeners

The Wolf Of All Streets by Scott Melker

The Wolf Of All Streets

227 Listeners

Empire by Blockworks

Empire

166 Listeners

Supply Shock by Blockworks

Supply Shock

111 Listeners

Raoul Pal: The Journey Man by Real Vision Podcast Network

Raoul Pal: The Journey Man

139 Listeners

Forward Guidance by Blockworks

Forward Guidance

272 Listeners

The Milk Road Show by The Milk Road Show

The Milk Road Show

34 Listeners

web3 with a16z crypto by a16z crypto, Sonal Chokshi, Chris Dixon

web3 with a16z crypto

61 Listeners

Bell Curve by Blockworks

Bell Curve

36 Listeners

Lightspeed by Blockworks

Lightspeed

23 Listeners