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Has Andre Cronje Borrowed Elements From SIL Finance?

Jean-Pierre Buntinx
4 min readJan 12, 2021

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The Defi space is home to hundreds of projects, which can sometimes lead to naming issues. With two versions of SIL making waves, there is some confusion to take into account. Sushiswap’s sil and SIL Finance are two very different concepts.

Picking the Right SIL/sil

It is unfortunate when two concepts come to market with the same name. Finding a unique brand is challenging in the cryptocurrency space. The recent growth of DeFi as an industry has made this process even more complicated than before. The industry needs many improvements, and some of these upgrades share acronyms with new projects coming to market.

In the past two weeks, there has been some confusion regarding the SIL brand. It refers to SIL Finance, a new DeFi platform in development since late 2020. However, there is also Sushiswap’s Single-Sided Exposure Impermanent Loss Mitigation or sil. It is crucial to distinguish between the two.

SIL Finance Came First

When issues like these arise, it is always crucial to determine which of the two came first. In this case. SIL Finance — the Sister in Law DeFi project — has a clear advantage, as its domain has been around since late November 2020, and the whitepaper has been unveiled on December 30 of last year.

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Jean-Pierre Buntinx
Jean-Pierre Buntinx

Written by Jean-Pierre Buntinx

Freelance Bitcoin | Blockchain | FinTech | Finance | Technology | Gaming Writer

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