為什麼我在2022年離開Defi

對於那些可能不知道的人，回到2022年，我離開了Defi；這與某些“ defi sucks in defi sucks”的帖子或任何值得注意的內容並不是一致的，我只是停止發布或參與任何公共設置。

Andre Cronje, the founder of Yearn Finance and Fantom Foundation, has revealed that he stepped away from DeFi in 2022 due to pressure from the SEC.

Yearn Finance and Fantom Foundation的創始人Andre Cronje透露，由於SEC的壓力，他於2022年離開Defi。

Cronje, who is known for his contributions to the DeFi space, had launched Yearn Finance in Jan 2020 without raising any money, selling any tokens, or engaging in any activity that could be considered a breach of any country’s securities laws. He also did not earn any fees from the protocol and had no founder, team or any allocation, or any financial benefit of the protocol for himself.

克朗傑（​​Cronje）以對Defi Space的貢獻而聞名，他於2020年1月啟動了渴望的金融，而沒有籌集任何資金，出售任何代幣或從事任何可能被視為違反任何國家證券法的活動。他也沒有從協議中獲得任何費用，也沒有創始人，團隊或任何分配，也沒有該協議對自己的任何經濟利益。

Despite taking these measures to ensure he was staying on the right side of regulatory requirements, Cronje received his first SEC letter in 2021. The letter was a simple request for more information on YFI, including whether he had raised any funds, who the investors were, and who was receiving profits. Cronje complied with the request and provided as much information as he could.

儘管採取了這些措施，以確保他呆在監管要求的右邊，但克羅尼（Cronje）在2021年收到了他的第一封SEC信件。這封信是對YFI的更多信息的簡單請求，包括他是否籌集了任何資金，投資者是誰，誰在獲得利潤。 Cronje遵守了該請求，並提供了盡可能多的信息。

However, the collection exercise alone took Cronje weeks of real time and effort to be able to give them the detail they requested, often having to spend hours of research to find data he did not immediately have on hand. He thought that would be the end of it.

但是，僅收集練習就花費了Cronje數週的實時和精力，才能為他們提供他們要求的細節，通常不得不花費數小時的研究才能找到他沒有立即擁有的數據。他認為這將是結局。

But then came letter two, at which point it became clear that Cronje needed legal assistance as the tone was changing. The way I had done all my projects (no incorporation’s, no entities, no raises, etc) it meant two things; 1. I had no legal counsel or legal network, 2. I did not have the funds required to really engage.

但是後來又是字母第二，這一點很明顯，隨著語調的變化，克朗傑需要法律援助。我完成所有項目的方式（沒有成立，沒有實體，沒有加薪等），這意味著兩件事； 1。我沒有法律顧問或法律網絡，2。我沒有真正參與的資金。

Cronje started asking around in groups he knew and thankfully LexNode aka Gabriel came to the rescue and also introduced me to Stephen Palley, both of whom helped me immensely and charging me extremely reasonable costs. To this day I am infinitely grateful.

克朗傑開始以他認識的小組詢問，值得慶幸的是，勒克斯諾德（Lexnode）又名加布里埃爾（Gabriel）來營救，還向我介紹了斯蒂芬·帕利（Stephen Palley），他們倆都極大地幫助了我，並向我收取了非常合理的費用。直到今天，我深表感謝。

The letters kept coming, every-time pivoting to a new angle of attack, it started “investigating” me from the angle of a raise and SEC violation (which again, as a non USA citizen or resident who did not sell anything to USA citizens or residents confused me), as I spent weeks and months of my life trying collect information and answer their questions (often requesting data I simply did not have, but was required to provide), the drain on my time, energy, and resources became apparent.

這些信件不斷到來，每次旋轉到新的攻擊角度，都開始從加薪和違反SEC的角度“調查”我（這再次是作為非美國公民或居民，他們沒有向美國公民出售任何東西或者居民感到困惑），因為我花了數周和幾個月的時間嘗試收集信息並回答他們的問題（通常要求我根本沒有，但需要提供數據），我的時間，精力和資源的流失就變成了顯而易見。

At this point, Cronje was practically forced to completely stop development or R&D, and focus solely on this legal and regulatory battle. As the letters kept flowing, it changed from “investigating” the raise, and when it became apparent that was not an angle of attack it shifted to focusing on the yearn vaults themselves as “investment vehicles”, since the vaults accept third party deposits, “does work”, and then the depositors receive benefit from “the work of others”.

在這一點上，Cronje實際上被迫完全停止開發或研發，而僅專注於這場法律和監管之戰。隨著信件的流動，它從“調查”加薪中發生了變化，當顯然這不是攻擊角度時，它轉變為專注於渴望自身的“投資工具”，因為保險櫃接受第三方存款， “確實有工作”，然後存款人從“他人的工作”中受益。

At this point, Cronje had to start proving he was not receiving any benefit, and that all benefits were being returned to the users, At this point, I had to start proving I was not receiving any benefit, all benefits were being returned to the users, etc. All in all this took 2 years of my life and finally culminated in a point where I was essentially given a choice.

在這一點上，克羅尼必須開始證明他沒有得到任何利益，並且所有利益都將被返還給用戶，此時，我必須開始證明我沒有得到任何利益，所有利益都將返回給用戶等。總的來說，所有這些都花了2年的時間，最後在我可以選擇的地方達到了最終達到頂峰。

Cronje was given the choice to either keep trying to build things for free, without receiving any benefit, and spending hours of his energy and time to release this code into the wild, while needing to constantly face these attacks and have to spend months of his life and real money to defend it—or he could choose to step away. After 2 years of needing to deal with this every month, and endless sleepless nights and stress. I chose the latter.

克朗傑（​​Cronje）可以選擇繼續嘗試免費建造東西，而無需獲得任何好處，並花費數小時的精力和時間將此代碼釋放到野外，同時需要不斷面對這些攻擊，不得不花幾個月的時間捍衛它的生活和真錢，或者他可以選擇走開。經過2年的時間，每個月都需要處理此問題，以及無盡的夜晚和壓力。我選擇了後者。

Cronje chose to step away, and his last few posts were all around regulatory DeFi. Most people did not actually read these articles and only saw the headline “crypto regulation”, which led them to assume that Cronje had become a fed. However, for those that did read it, they would have seen that I had defined two verticals, crypto regulation (impossible for decentralized smart contracts simply running in the wild, and trying to regulate it is only possible by “chasing the builders away” [which they had successfully done with me]), and regulated crypto (which is things like exchanges, brokers, etc, which are offchain third party).

克羅尼（Cronje）選擇走開，他的最後幾個職位都在監管範圍內。大多數人實際上並未閱讀這些文章，而只是看到了標題“加密法規”，這使他們假設Cronje已經成為美聯儲。但是，對於那些確實閱讀過的人來說，他們會看到我定義了兩個垂直行業，即加密法規（對於僅在野外運行的分散式智能合約來說，不可能通過“將構建者趕走” [可能是可能的，而是可以進行調節[他們與我成功完成了這一點），並受到監管加密貨幣（例如交換，經紀人等，是偏僻的第三方）。

Knowing the above, go read the article again, and I think it will give you a better understanding on why I wrote it.

了解上述內容，再次閱讀文章，我認為這將使您更好地了解我為什麼寫它。

Given the new direction of the SEC, I finally figured I can actually write about this, as previously I was strongly advised by those same investigators to not mention the investigation or it could escalate things.

鑑於SEC的新方向，我終於認為我實際上可以寫這件事，因為那些相同的調查人員強烈建議我不提調查，否則可能會升級。

It was a challenging, and incredibly stressful time. And I do not wish any of my fellow builders should have gone through something like that.

這是一個具有挑戰性且令人難以置信的壓力時間。而且我不希望我的任何同行建築商都應該經歷這樣的事情。

I look forward to the future and a new decentralized world we can build.

我期待未來和我們可以建立的新的分散世界。