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DeFi ‘Godfather’ Cronje quits, CAKE launches $100M venture arm and more -Breaking

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Decentralized finance (DeFi), had a very busy week, with some new developments as well as price action. The week started with DeFi “Godfather” Andre Cronje announcing his departure from most of his projects, leading to a massive drop in prices of projects that Cronje was associated with.

CAKE DeFi created a $100 million venture fund for Web3 initiatives. ThorChain jumped above 34% following activation of synthetic assets. Polygon network experienced an extended outage after a recent upgrade, which impacted its price momentum.

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