When Shift Happens Podcast

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


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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!

__________________________________


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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

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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


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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
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When Shift Happens PodcastBy Kevin Follonier

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